Bitcoin Takes a Breather at $120K—But Don’t Bet Against the Bulls Yet
Bitcoin's meteoric rally hits a speed bump as prices consolidate near the $120K mark. The pause? Just market mechanics at work—not a reversal.
Why this isn't the end of the bull run:
Technical charts still scream bullish. Traders are flipping from 'FOMO' to 'wait-and-see,' but liquidity pools suggest institutional money's just warming up. Meanwhile, retail investors keep stacking sats like they're going out of style—which, given Wall Street's latest 'stablecoin yield' nonsense, might actually be true.
What comes next?
Expect volatility, but the structural uptrend remains intact. If history rhymes, this consolidation could set the stage for another leg up. And if not? Well, at least it's more entertaining than watching traditional finance pretend they understand DeFi.