🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
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#WillBTCbreak120Kthisweek
I believe BTC has a strong chance to break above 120000 this week.
Analysis
Technical View: The daily chart shows clear bullish momentum. BTC is consolidating above key support at 118000, and the moving averages remain in an upward trend.
Market Sentiment: Funding rates are positive but stable, showing optimism without excessive leverage.
On Chain Data: Exchange reserves continue to decline, which suggests that holders are moving BTC off exchanges.
Macro Factors: Expectations of a Federal Reserve rate cut and continuous ETF inflows are boosting confidence.
If BTC can hold above 118000, a breakout above 120000 is highly likely this week.
#BTC #Crypto #GateSquare #Marketprediction