With Bitcoin's price teetering just below its all-time high, market analysts, including those from Crypto Analytics Firm Glassnode, forecast a strong bullish trend with a potential breakout to $120K. However, caution is advised due to underlying market volatilities and regulatory uncertainties.
The market is currently bullish with strong indicators towards an imminent breakout. Institutional adoption and new financial products are expected to drive further growth. However, traders should remain vigilant of the regulatory landscape and corporate Bitcoin strategies that could introduce unpredictability.