Quick overview

Live BTC/USD Chart

---

Bitcoin (BTC) is facing a critical test of the $118K–$122K resistance zone, which could determine its next major trend.

Market analyst CasiTrades stated Bitcoin will face its most important test yet. Whether it reaches new all-time highs or enters a long-term correction likely depends on the resistance between $118,000 and $122,000.

Traders are focusing on this zone, weighing both bullish and bearish potential outcomes. CasiTrades suggests that a sharp decline within this range could signal that Bitcoin has already peaked, framing the current rally as the final phase of a larger macro correction that might change expectations for the cycle.

Conversely, a decisive break above $122,000 would disprove the correction theory, pushing Bitcoin to new all-time highs from its current level of $124,128 and sparking fresh bullish momentum with targets beyond the current range.

Buyers should adopt a long-term outlook: Arthur Hayes argues that Bitcoin’s price volatility favors patient holders over day traders seeking quick profits. He cites currency devaluation trends and the average returns over the past decade to support multi-year investment expectations. Holders should evaluate performance over years, not days.

Arthur Hayes emphasizes that Bitcoin’s price should not be subjected to daily speculation but considered with long-term patience.

He notes that long-term investors have historically seen disproportionate gains, while recent buyers expecting instant returns misunderstand market cycles.