Right now, BTC is caught between FOMO and fear. The market is bullish — but the world isn’t exactly stable.
On one hand, we’ve got solid bullish signals:
• SharpLink Gaming just bought $463 million worth of ETH, becoming the largest public ETH holder.
• Anthony Pompliano is reportedly raising $750 million via a SPAC to buy Bitcoin. Yes, that Pompliano — the one who was calling for $500K BTC during the bear market.
• BTC hit $110,000 last Tuesday — almost breaking its ATH of $111,940 from May 22.
— On the other hand, the macro picture isn't so pretty:
• Israeli airstrikes on Iran sent BTC down 2.8% in 90 minutes. They can crash BTC at any moment, all it takes is another hit.
• Last time, $427 million in long positions got wiped out. Bulls took a hit, fast.
So, can BTC still reach $119,000 in this climate?
Personally, I’m cautiously optimistic.
✓ The fundamentals are strong: institutional adoption, post-halving supply tightening, growing ETF demand, and now SPACs targeting BTC.
✗ But short-term moves are still dictated by geopolitics. And that’s not something even the whales can control.
So yes, $119K is possible — but timing it depends more on global stability than TA.
What about Ethereum?
ETH is quietly building up momentum too:
• SharpLink staked over 95% of its ETH — that’s a long-term move, not just speculation.
• If this continues, a return to $4,000 feels realistic. Not immediate, but definitely in sight — especially if the SEC eases up.
What do you think?
• Can BTC still hit $119K this year?
• Are we underestimating the impact of war and instability?
• Should ETH be getting more attention right now?
Let’s talk. I’m curious to hear your take.
submitted by /u/Past_Hotel_5987
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