Good news for Bitcoin and Ethereum! Bitcoin has broken above $120,000, and if it can get past $124,000, it should easily reach $130,000. Ethereum is also looking strong and could hit its all-time high near $5,000 soon.

The overall crypto market is entering "Phase 2" because it has gone above $3.88 trillion. This means we're getting closer to "Phase 3," where the market capitalization could reach $4.60 trillion, and eventually $5 trillion. This is a really clear trading opportunity.

In a bull market, everything usually goes up, but Bitcoin and Ethereum tend to lead the way before other large cryptocurrencies follow. It seems like Bitcoin and Ethereum still have more room to grow before the larger cap altcoins have their big rally.

Our internal indicators, Atlas and Vanguard, are both showing strong bullish signals, which suggests the recent back-and-forth price movements should stop and we'll see continued upside.
Specifically for Ethereum, Atlas is also indicating continued upward momentum, and I expect it to reach $5,000, though it might not break its all-time high on the first try.

The market conditions are very bullish, making $130,000 for Bitcoin and $5,000 for Ethereum very possible in the near future. While bigger targets like $160,000 for Bitcoin are possible, the market might make it a bit challenging to get there. There could be a pullback around $130,000-$133,000 back to $120,000, which would be a good opportunity to buy more.

In the short term, any pullbacks will be good buying opportunities. Medium term, I'm still bullish and will consider taking profits when the market capitalization hits its Phase 3 target. Long term, I believe Bitcoin could reach $230,000 in this cycle, but I'll adjust the target if needed. Bitcoin should ideally stay above $72,000 to avoid a crash.

‍#updates