Bitcoin price review!

Bitcoin recently reached over $120,000. Seeing such prices feels good to us, but it would have been best if the altcoins had grown as per our expectations. However, the current situation shows a glimmer of hope among us. Hopefully, we will soon see the alt season for which we are eagerly waiting. Anyway, today I will try to discuss with you some of the market conditions and the price of Bitcoin, I hope you will like it.

As of this morning's market, Bitcoin is currently continuing to sprint towards the 120,000 mark, while Ethereum is still fluctuating around 3,750. Previously, we have realized profits from our long positions on Bitcoin. Recently, the price comparison has been maneuvering throughout the entire range, reasonably planning positions based on news developments, steadily grasping the market situation. Don't let confusion and fear suppress your chance to reverse and get back on track; a moment of disappointment does not mean forever.

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On the daily chart for Bitcoin, the candlestick has formed a bullish candle with an upper shadow, and the price comparison is under pressure near the integer level. A bullish candlestick has transitioned into a bearish one. On the four-hour structure, the price comparison shows a V-shaped structure rebounding to a high position, and the continuous upward movement has led to a reduction in bullish momentum. The bullish candlestick closes, signaling a trend change, and the price comparison may offer a pullback opportunity. On the hourly structure, the candlesticks are arranged at the upper boundary of the range. After the bullish formation completes, the Bollinger Bands begin to narrow, reducing the upward space for the price comparison. Overall, Bitcoin’s range is set to short around 120,000-120,400, with a target near 118,800, and Ethereum shorting around 3,770, with a target near 3,710.