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What is The Next Target for Bitcoin: $120k Loading?
Bitcoin currently resides in a consolidation phase: technically oversold but not yet showing clear bullish reversal signals. The key resistance zone to watch is $114 k—a decisive breakout there could signal the next leg higher.
With institutional inflows, ETF momentum, and a favorable macroeconomic backdrop (especially anticipated rate cuts), the stage is set for potential upside through Q3–Q4 2025.
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Bitcoin Next Target- Price: $106,017
- 24h Range: $105,802 – $107,772
- Market Cap: ≈ $2.10 trillion (price × circulating supply)
- Circulating Supply: ~19.75 million BTC
- Total Supply: Capped at 21 million BTC
- 1‑Month High / Low: Recent high ~$111,000; low ~$90,000
Almost touched the gap area, ready for a bounce back.
The intraday high is 107772.0 USD and the intraday low is 105802.0 USD.
Buy Now Technical Indicators- MACD: −455.5 (negative territory, sloping down) – short-term bearish
- RSI (6): 29.8 – oversold zone; RSI (14): 32.0 – borderline oversold
- EMA: Price below short‑term EMAs – signals bearish momentum
- ATR / Volatility: Elevated trading volume indicates higher volatility
- Bullish Forecast: Ed Campbell (Rosenberg Research) sees upside: a break above $114K could trigger 25% gains toward ~$143K.
- Institutional Expansion: Philippe Laffont anticipates BTC market cap doubling to $5 trillion in five years.
- Corporate Treasury Shift: Anthony Pompliano’s $1 billion ProCap Financial plans to adopt MicroStrategy‑style treasury strategies via lending and derivatives.
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