Tag: 120K

Three Catalysts That Could Push Bitcoin Beyond $120K

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Key takeaways: Record global money supply growth is a big tailwind for Bitcoin. Spot Bitcoin ETFs could soon surpass gold holdings, boosting BTC’s reserve-asset status. Retail inflows remain limited but could ignite a strong rally if mainstream interest returns. Bitcoin (BTC) last traded at $120,000 on July 23, prompting traders to question whether a new all-time high is still possible this year. Global economic uncertainty and the sustainability of the artificial intelligence sector remain the biggest risks. Still, three major near-to-medium-term drivers could set Bitcoin on a path well above…

Bitcoin Price Roars Awake – $120K Within Striking Distance

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Bitcoin price is again rising above the $115,500 zone. BTC is now consolidating and might aim for a move toward the $120,000 resistance zone. Bitcoin started a fresh increase above the $115,500 zone. The price is trading above $115,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $115,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $117,500 resistance zone. Bitcoin Price Aims Higher Bitcoin price found…

Bitcoin Fast Approaches $120K with Metaplanet’s Latest Buy

Key Notes Bitcoin climbed past $119K after rebounding from $115K lows. Metaplanet added 797 BTC, now holding over 57% of its 2025 target. On-chain data and analysts hint at a potentially explosive breakout soon. Bitcoin BTC $119 025 24h volatility: 0.9% Market cap: $2.37 T Vol. 24h: $35.27 B recent rally past the $119,000 mark, after dipping to $115,000, has caught the attention of Metaplanet’s latest $92.5 million acquisition. The Tokyo-listed investment firm has once again taken a calculated step toward its ambitious 30,000 BTC target by the end of…

Bitcoin Consolidates Below $120K as Exchange Activity Reflects Mixed Market Signals

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Bitcoin continues to hover below its all-time high, with current trading levels near $118,000 reflecting a 0.6% daily drop and a 3.8% pullback from the peak above $123,000 recorded earlier this month. While the broader trend remains uncertain, analysts have assessed on-chain activity for signs of the next major move. Recent data from CryptoQuant analysts highlights a divide between retail and institutional behavior across leading exchanges, raising questions about potential profit-taking or strategic accumulation. Related Reading Bitcoin Retail Traders Sell into Strength, While Whales Accumulate On the one hand, short-term…

Bitcoin Price Pinned Below $120K But Analysts Say BTC Upside is Not Over

Key takeaways: Bitcoin (BTC) remains pinned below $120,000 after reaching a fresh all‑time high near $123,000 last week. As BTC price consolidates, numerous market analysts are convinced that the cycle is not over. Here are the reasons why analysts think that the Bitcoin bull market has not peaked yet. Bitcoin fundamentals remain strong Analytics firm Bitcoin Vector said that although Bitcoin’s momentum has slowed, multiple onchain metrics suggest that Bitcoin’s cycle is not over. “Momentum has cooled, but structure and fundamentals remain solid,” the firm said in a Tuesday post…

Bitcoin Hovers Below $120K as On-Chain Indicators Point to Slowing Demand

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Bitcoin’s price remains in a zone where it is seeing little upward momentum as it continues to hover below its recent all-time high. After reaching above $123,000 earlier this month, the asset has pulled back slightly, trading at $119,343 at the time of writing. This represents a 2% gain over the past week but still leaves BTC roughly 3% below its recent peak. The muted price action reflects a market that appears to be consolidating amid diverging signals from on-chain indicators and regional demand metrics. Recent analysis from CryptoQuant contributors…

$250K In Sight After $120K Test, Analyst Says

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Bitcoin spent about nine months stuck below $110 K before finally pushing past that ceiling this month. The move up to $123,000 shows real buying power. According to EliteOptionsTrader, a crypto expert, many investors see this as the start of something bigger. Related Reading Key Catalysts Driving The Surge Based on examination by EliteOptionsTrader, one of the biggest factors is the potential approval of a spot Ethereum ETF. Bitcoin’s own ETFs have pulled in billions from major institutions, and a greenlight for Ethereum could send more money into crypto overall, lifting…

Bitcoin Faces Key Test Under $120K After Sticky CPI Print

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Key takeaways: June CPI data showed rising headline and core inflation, reducing expectations of an interest rate cut in July. Bitcoin must reclaim the $119,250–$120,700 zone to confirm bullish momentum and aim for fresh highs above $123,000. Bitcoin (BTC) price rallied to $118,400 from $16,500 on Tuesday following the release of the June US Consumer Price Index (CPI), which showed inflation rising for the second straight month. Headline CPI hit 2.7% year-over-year, the highest since February, matching expectations but up from 2.4% in May. Core CPI also ticked higher to…