#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
BTC2.66%
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Discoveryvip
· 10-30 16:44
2025 GOGOGO 👊
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Discoveryvip
· 10-30 16:44
Watching Closely 🔍
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GoldMeltingAnalystvip
· 10-30 14:54
💥
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Trade Crypto Anywhere Anytime
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