Bitcoin's Rise Continues: $130,000 Target Becomes More Distinct

Recently, the volatility of Bitcoin prices continues to attract the interest of investors. $126,223 has been reached, updating the all-time high, making Bitcoin the focal point for investors.

According to Jean-David Péquignot, an executive at Deribit, the current market conditions have accelerated the movement of both institutional and individual investors towards Bitcoin. Key factors contributing to this situation include the potential government shutdown in the U.S., large ETF inflows, and a reduction in Bitcoin supply on exchanges. Péquignot stated that the combination of these elements has created a strong upward environment for Bitcoin.

Péquignot also mentioned that technical indicators suggest Bitcoin's price may reach $130,000 in the short term. However, he emphasized the need to be cautious of overbought signals. He noted that a short-term correction could potentially bring the price down to $118,000 – $120,000, and warned that increased volatility could lead to short-term selling pressure.

According to the Deribit report, the increase in put option volume in the options market is being monitored as a leading signal for a potential correction. However, strong ETF inflows and a weakening dollar are emphasized to continue supporting Bitcoin's upward trend in the medium term.

In conclusion, it is important for investors to closely monitor these fluctuations in Bitcoin prices. Along with the target of $130,000, potential correction levels of $118,000 – $120,000 should be taken into account. While uncertainties in the crypto market continue, this period may be filled with opportunities and risks for investors.