Tag: 120K

Bitcoin Rally to $120K Possible After Bears Unwind Positions

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Key takeaways: Bitcoin derivatives show reduced demand for downside protection, suggesting renewed investor confidence. US import tariff hikes on Japan and South Korea intensified recession fears, boosting Bitcoin’s appeal as a hedge. Bitcoin (BTC) has been trading within a tight $107,300 to $110,600 range since Wednesday, fueling speculation over the potential for a sudden price rally. Market participants are increasingly confident that fresh liquidity injections by major central banks could serve as a catalyst for a Bitcoin bull run. Source: x/TedPillows Market analyst TedPillows pointed out that Bitcoin has lagged…

Bitcoin could reach $120K in July amid BTC market maturity

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Bitcoin is showing signs of strength heading into July, with low volatility, steady demand, and historical trends suggesting the price could soon make a sharp move higher. A July 4 report from Matrixport suggests that if seasonal trends continue and capital flows stay consistent, Bitcoin (BTC) could reach $120,000 this month. According to the report, realized price swings have now reached multi-year lows, indicating a significant decline in volatility. The market may be maturing as the one-week implied volatility is in the 30s, which is calm by Bitcoin’s standards. Institutions…

BTC Surges to $109K as ETFs Drive Demand, $120K in Sight

Key Notes BTC rebounds to $109,700, with long-term holders keeping coins untouched near highs. Spot ETFs drive demand while on-chain activity remains low despite high prices. Analyst is eyeing the $120,000 level for BTC in the near-term. Bitcoin BTC $109 316 24h volatility: 1.7% Market cap: $2.17 T Vol. 24h: $37.89 B has rebounded sharply after testing support near $105,000 earlier this week, trading around $109,700 at the time of writing. On-chain data shows that investors are displaying strong holding behavior instead of rushing to take profits, a shift from…

Bitcoin Eyes $120K? Analyst Reveals What Comes After BTC’s 50-Day EMA Breakout

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin has resumed its upward movement, maintaining strength above the $107,000 level as market momentum builds toward the asset’s recent all-time high above $111,000. As of this writing, BTC is trading at $107,242, reflecting a 1.3%…

Bitcoin Inflows Drop as Data Hints At Rally To $120K

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Key takeaways:  Bitcoin inflows on Binance have dropped to 5,147 BTC, less than half of previous bear market levels, despite BTC trading above $105,000, signaling a possible decline in short-term selling pressure. Bitcoin has reclaimed its 50-day EMA, historically a signal for breakout rallies. Technical indicators, including rising spot CVD, point to strong spot demand and potential upside toward $120,000. Bitcoin (BTC) inflows and outflows on Binance can reveal insights into market sentiment. Data from CryptoQuant pointed out that BTC’s 30-day moving average (DMA) inflows on Binance dropped to 5,147…

Bitcoin geared for $120K after it regained this crucial level

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Bitcoin is showing signs of renewed strength after reclaiming a key technical level that historically marks the start of short-term rallies. According to a June 25 analysis by CryptoQuant contributor İbrahim COŞAR, Bitcoin (BTC) has successfully moved back above its 50-day exponential moving average, a trend line often used to identify major shifts in market momentum. In the past, Bitcoin’s price often increased by 10% to 20% when it dropped below the 50-day EMA during a correction and then swiftly rose above it again. It appears that the pattern is…

Bitcoin Rebounds to $106K After Ceasefire, $120K in Sight

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Key Notes Bitcoin surged to $106K after Trump announced a reported Iran-Israel ceasefire. Macro tailwinds, including potential Fed rate cuts and falling oil prices, are strengthening the bullish case for $ 120,000. Ten consecutive weeks of institutional inflows signal firm conviction. Bitcoin surged back above $106,000 late Monday following a rollercoaster weekend of geopolitical and market drama, as reports emerged that Iran and Israel had reached a “complete and total” ceasefire. United States President Donald Trump, posting on Truth Social, claimed the truce would take effect within six hours, providing…

Bitcoin fractal, boost in HODLers hints at rally to $120K

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Key takeaways: Bitcoin’s Doji candle and a bullish chart fractal hint at a rally to $120,000. Bitcoin HODLers are absorbing freshly sold BTC, a historically bullish sign for its price. Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now the asset looks set to retest its all-time high. Bitcoin 4-hour chart. Source: Cointelegraph/TradingView On the weekly chart, a Doji candle has emerged, absorbing the sell-side liquidity accumulated over the past three weeks. Characterized by a small body…

Bitcoin’s Path to $120K Faces Mounting Sell Pressure, Glassnode Report Warns

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Bitcoin surged to a record all-time high this week, marking its third all-time high (ATH) this cycle and igniting broad market activity. Glassnode Data Shows Bitcoin Profit-Taking Surge Amid Record Highs According to Glassnode researchers Cryptovizart and Ukuria OC, this breakout signals accelerating investor engagement across exchanges, derivatives, and exchange-traded funds (ETFs), though the $120,000 […] Original

Bitcoin eyes $120k as bullish trend holds above key support

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With the bullish trend still intact and support levels holding, Bitcoin could be preparing for an impulsive move to the $120,000 extension target. Bitcoin (BTC) has entered a new price zone and is showing strong signs that the uptrend is far from over. After hitting $111,800, price action has pulled back, but not in a way that invalidates the structure. In fact, the retracement appears healthy and technically sound, offering a potential setup for another leg higher. Key technical points Price has retraced into a key support level at $106,500,…