Hello everyone, Bitcoin continues to capture attention after reaching a peak of 120,324 USD before easing slightly to around 119,793 USD. This pullback is viewed as a technical pause within a broader uptrend rather than a sign of reversal.
From a technical perspective, BTC remains above the Ichimoku cloud and is supported by FVG zones around 119,000–118,500 USD. Trading volume surged at the 120,000 USD level, highlighting strong institutional buying and reinforcing the bullish outlook.
On the news front, the US dollar is weakening due to the risk of a government shutdown, while capital inflows from ETFs and major institutions continue to flow into the market. Combined with the current low interest rate environment, Bitcoin increasingly stands out as an attractive safe-haven asset.
In the near term, Bitcoin is expected to hold support at 119,000–118,500 USD and rebound towards 122,000 USD, with extended targets at 125,000 USD and even 128,000 USD if momentum remains strong.
Only a break below 118,500 USD would open the door for a deeper correction towards 117,800–116,500 USD before recovery attempts resume.
What’s your view? Will BTC/USDT hold the line and move on to conquer 125,000 USD?
From a technical perspective, BTC remains above the Ichimoku cloud and is supported by FVG zones around 119,000–118,500 USD. Trading volume surged at the 120,000 USD level, highlighting strong institutional buying and reinforcing the bullish outlook.
On the news front, the US dollar is weakening due to the risk of a government shutdown, while capital inflows from ETFs and major institutions continue to flow into the market. Combined with the current low interest rate environment, Bitcoin increasingly stands out as an attractive safe-haven asset.
In the near term, Bitcoin is expected to hold support at 119,000–118,500 USD and rebound towards 122,000 USD, with extended targets at 125,000 USD and even 128,000 USD if momentum remains strong.
Only a break below 118,500 USD would open the door for a deeper correction towards 117,800–116,500 USD before recovery attempts resume.
What’s your view? Will BTC/USDT hold the line and move on to conquer 125,000 USD?
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