Bitcoin Eyes $120K as Institutions Fuel Aggressive Accumulation

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Bitcoin consolidates near $104K as institutional accumulation and a strong bullish divergence suggest a breakout toward $120K.

ETFs are buying Bitcoin at record levels, signaling deep institutional confidence and setting the stage for a potential rally.

The $90K zone holds strong liquidity, offering a prime entry point as Bitcoin eyes $116K–$120K with stable funding rates and bullish structure.

Bitcoin is back in its familiar box formation, consolidating near $104,000 after a volatile but calculated price surge. The current move follows a perfectly timed cycle where Bitcoin climbed from $77,000 to $100,000 after a manipulation-driven dip. According to Dr. Profit, a popular crypto analyst, the recent correction allowed strategic players to reload at key levels, increasing liquidity and BTC holdings. Now, all eyes are on the next breakout, with the $116,000 to $120,000 range firmly in sight. The recent ETF accumulation and market structure point to sustained bullish momentum.

Bullish Signals Align for the Next Major Move

Besides price action, technical indicators signal strength. A daily bullish divergence recently appeared, historically boasting a higher success rate. Hence, traders interpret it as a reliable precursor to further gains. Moreover, Bitcoin trades above both the 50-day and 200-day moving averages, reinforcing its strong trend. Funding rates remain stable, showing a market free from over-leveraged positions.

Source: Doctor Profit

Additionally, the ongoing double bottom formation breakout has Bitcoin retesting previous highs. This structure suggests continuation rather than reversal. Furthermore, Dr. Profit highlights ETF activity as the strongest accumulation phase in history. Institutions are currently buying eight times more Bitcoin than what miners produce daily. Consequently, this indicates massive confidence from large players.

90K Region Offers Prime Entry Ahead of Potential Rally

Retail entries peaked in the $90,000 range, making it a zone with high liquidity. Hence, if Bitcoin dips, it’s likely to revisit this level. Dr. Profit has set multiple long positions around $90K, aiming to catch any volatility-driven wicks. Additionally, market volatility may spike on Monday after Moody’s downgraded the U.S. credit rating. A similar downgrade in 2011 triggered a brief 5.5% market correction, followed by strong upward momentum.

However, the structural setup remains intact today. Major players like BlackRock are steadily accumulating. Retail traders, shaken out during the last crash, may miss the next breakout. Moreover, with institutions leading the charge and no signs of market weakness, Bitcoin appears well-positioned to target the $116K–$120K zone in the coming weeks.

The post Bitcoin Eyes $120K as Institutions Fuel Aggressive Accumulation appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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