Bitcoin 113K, a bullish exit or a bull trap? That's the question we're all asking ourselves right now, and the truth is, I don't have the answer. Bitcoin has made a good run above 100K, and if it were a mainstream asset, it should rise to 125K before stalling.
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But Bitcoin isn't a mainstream asset, and I think it could easily reach 150K, but it could also be a false exit and fall back to near 100K or even test 80K again.
As I often say, nothing is set in stone, and all possibilities are open in the short term. But in the long term, Bitcoin is worth only a fraction of what it will be worth, and that's because it's changing the global financial system.
Cryptocurrencies are not just another asset, but the next major infrastructure on which finance will be based, not just for the future, but for the present.
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