Bitcoin price has once again broken through historical highs, currently surpassing the $120,000 mark. Analysts believe that if Bitcoin can gain strong support in the $110,000 to $120,000 range, it is likely to continue to rise.

Currently, investors are closely watching whether Bitcoin can break through and stabilize above the $130,000 mark. Once it successfully breaks through, Bitcoin may continue to target price levels of $145,000 or even $170,000.

However, market analysts also remind investors to be aware of risks. If the Bitcoin price falls below the support level of 110,000, it may trigger a significant pullback. Investors are advised to set 95,000 as a stop-loss point to control potential downside risks.

Despite the recent strong performance of Bitcoin, there is still uncertainty in the market. Investors should closely monitor market trends and manage risks effectively. Whether Bitcoin can continue to create new highs in the future will depend on multiple factors, including the global macroeconomic environment, regulatory policies, and the level of participation by institutional investors.