Tag: 120K

Bitcoin $120K Target Draws Near As Fed Makes A Choice

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Key takeaways: September’s 44,000 BTC net withdrawals reduced the available supply, easing the potential short-term selling pressure. US-listed spot Bitcoin ETFs added $2.2 billion, delivering persistent daily demand that far exceeds the mined supply. Bitcoin (BTC) has traded in a narrow 2.3% range since Friday as investors await the United States Federal Reserve’s interest rate decision on Wednesday. While the immediate impact of an interest rate cut on Bitcoin remains uncertain, three independent factors are supporting further BTC price gains. Estimate: total amount of Bitcoin held on exchange addresses, BTC.…

Bitcoin Monthly Options Expiry Could Be First Step To $120K

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Key takeaways: Bitcoin’s $4.3 billion options expiry favors neutral-to-bullish bets, with a $175 million edge if prices stay above $113,000. Macroeconomic uncertainty, including weak US employment data and AI sector doubts, could determine Bitcoin’s short-term trajectory. Bitcoin (BTC) surged past $114,000 mark on Thursday after a positive earnings report from Oracle Corporation (ORCL), a major player in artificial intelligence infrastructure. The move pushed Bitcoin to its highest price in more than two weeks, raising expectations for stronger bullish momentum ahead of the $4.3 billion BTC options expiry on Friday. Aggregate…

BTC Primed For $120K Breakout After Cooling Phase Ends

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Key takeaways: Bitcoin lost the $113,000 level as leverage use cooled and speculative bets, creating room for upside volatility. A breakout above would $113,650 confirm an inverse head-and-shoulders pattern, potentially driving BTC toward $120,000. Bitcoin’s (BTC) recent prolonged consolidation under $113,000 has forced traders to scale back risk, but this cautious stance could be setting the stage for the next breakout. With leverage and speculative positioning cooling, the market currently looks primed for a sharp swing higher, potentially reclaiming $120,000. Data indicates that Bitcoin price momentum has improved slightly, rising…

Bitcoin: Distribution Alert? Whale Insights & Market Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Analyzing Bitcoin’s potential for a distributive wave, we examine market indicators. Our insights spotlight whales’ strategies, the impact of support levels, and potential price movements. We are exploring the key takeaways for a cautious approach. #BitcoinAnalysis #CryptoMarket #BitcoinWhales #MarketDistribution #CryptoTrading #PricePrediction #BitcoinNews #CryptoInvesting #TechnicalAnalysis #DigitalCurrency ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

3 Reasons Bitcoin Price Failed to Cross $120K Despite Ethereum All-Time High Rally

Key Notes Bitcoin stalled below $120K while Ethereum surged to fresh all-time highs. Weak whale demand and ETF outflows limited BTC upside. Derivative market data shows a $3 billion cluster of short positions at $117,800. Bitcoin’s price stalled at around $117,000 on Saturday, Aug 23, with intraday gains capped at just 3%. By contrast, Ethereum (ETH) surged more than 10% to reach a fresh all-time high of $4,900. This move followed dovish comments from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, signaling lower interest rates. Fed Watch…

Bitcoin Slides Below $120K as Buyers Retreat, Is the Rally Already Over?

Bitcoin continues to trade below its recent highs, extending a pullback that began after reaching a record level above $124,000 last week. As of today, the cryptocurrency is priced around $115,347, reflecting a 7.7% drop from its peak and a 3% decline over the past week. The downturn highlights a loss of momentum, with market data suggesting reduced demand from buyers on major exchanges. According to recent analysis shared on CryptoQuant’s QuickTake platform, the decline is closely tied to shifting activity on Binance, the world’s largest crypto exchange by volume.…

BTC Slips Below $120K as Policy Shifts Rattle Markets: Is This a Setup for the Next Big Rally?

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Bitcoin’s record-breaking rally hit a pause this week as shifting U.S. policy signals triggered a sharp pullback. After surging to an all-time high of $124,457 on August 13, BTC plunged as low as $117,477 on Friday morning before stabilizing around $119,000. The 5% drop followed U.S. Treasury Secretary Scott Bessent’s comments ruling out additional government Bitcoin purchases for strategic reserves, sparking $1 billion in leveraged liquidations. Despite the correction, on-chain data suggests the market may be setting up for another leg higher. Exchange netflows have dipped to levels historically seen…

Bitcoin price at $120k, IP down 17%, SOL jumps

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The total capitalization of the crypto market rose to an all-time high as Bitcoin reclaimed the $120k level and Ethereum closed in on its all-time high. Against this backdrop, Story protocol’s IP was down on the weekly time frame while SOL posted strong gains. Summary Crypto market cap hit a record $4.16T as Bitcoin traded above $120K and Ethereum neared its all-time high. SOL surged 15% to over $200, with a potential breakout target of $252 if it clears $213. Story Protocol’s IP fell 17% from its weekly high after…

BTC Eyes $120K Reclaim On CPI Print And Fed Rate Cut Odds

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Key takeaways: July US CPI held steady at 2.7% year-over-year, boosting Fed rate cut bets to 93.9% for September. Key price support lies between $117,650 to $115,650, with a deeper drop potentially testing a CME gap at $95,000. Bitcoin (BTC) price could continue to rally after the release of the July US Consumer Price Index (CPI), which shows inflation holding at 2.7% year-over-year, unchanged from June and below the 2.8% forecast. Core CPI, excluding food and energy, rose 3.1% annually, in line with expectations. On a monthly basis, overall CPI…