BTC Is Aiming for $125,000
Bitcoin (BTC) is trading neutrally around $113,037 this week, recovering from a 3.9% decline after prices bottomed at $108,619. The correction followed the new all-time high at $124,544 on August 14, but BTC held well above the key support at $100,000. Prices have since returned to the middle of the ascending channel, signalling a retest before the next move higher. From a technical perspective, the rise in trading volumes during the recent correction suggests BTC is gearing up for another rally toward $125,000 and potentially beyond.
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