Cryptocurrency markets are heading into the weekend with bullish momentum, supported by rising institutional inflows, favorable regulatory signals and surging ETF demand.
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Trader Notes: Crypto trader Jelle warns against entering long positions on Bitcoin at current levels, citing the potential for "scammy price action" designed to trap late entries and fake breakout traders.
Instead, he urges patience, suggesting that buying the dips remains the smarter strategy. Jelle maintains a bullish target of $140,000 for BTC.
ShardiB2 points to a 1-hour reversal candle, indicating potential near-term turbulence.
Stockmoney Lizards agrees, noting Bitcoin's strong recent pump but warning of a possible short-term shakeout, likely in the form of a sharp wick, to flush out over-leveraged longs before resuming its upward move.
Meanwhile, Kevin Svenson of Blofin highlights Bitcoin's 4-hour chart following a measured move pattern, suggesting a potential pullback to $100,000 for a re-test before pushing toward $114,000.
Lastly, Crypto Yoddha remains firmly bullish, predicting Bitcoin will catch bears off guard in the coming months. Though he notes the exact top is uncertain, his personal target range sits between $140,000 and $150,000.
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