$BTC Just Cleared $118K â Bull Run or Blow-off Top? đš
Bitcoin has surged past a new all-time high, currently trading around $118,000 â up ~6% in the last 24 hours. Analysts are calling this the first record high since May, pushed forward by massive spot ETF inflows, regulatory tailwinds, and bets on a Fed rate cut this fall
đ Intraday high reached $118,740, low sat near $113,400
đ” Over $1âŻbillion moved into spot Bitcoin ETFs yesterday
đïž USD Congress begins "Crypto Week" with GENIUS Act, CLARITY Act, and more next week â huge regulatory catalysts
My take: Weâre in a breakout phase. A push above $120K, possibly before monthâendâwhere I think weâre headed. But if a quick reversal happens, watch for support around $114K to hold this rally đą
What do YOU think?
đ Will BTC break $120K, or is a dip back to $114Kâ$115K coming?
đŹ Drop your thoughts below âŹïž