Bitcoin has broken above $112k in recent days, fueling speculation of a further rally towards new highs at the end of the year. Commentary from prominent investors and analysts (and inflows into BTC ETFs) is maintaining momentum, and technical support/resistance levels in the $112-115k region will be crucial in the short term.
Risks: Cryptocurrencies continue to react violently to regulation, institutional adoption news, and macro sentiment. For an investor, this means having to precisely set rates and limit the share of cryptocurrencies to an amount that can be accepted with high volatility.
Tactics: short-term traders can take advantage of the momentum, long-term traders can consider DCA (dollar-cost averaging) and remember to diversify.