Bitcoin just punched its way back above $120K - a level many thought we wouldn’t see again so soon.
This isn’t just retail hype - institutional wallets are loading up like it’s a Black Friday sale.
$83B+ in ETF inflows, and addresses stacking BTC are up 71% - that’s serious conviction.
Why this move has weight:
RSI sitting at 68 - still room before overheating.
Support holding firm near $116K, with $125K in sight.
BlackRock’s ETF now holds 700K BTC - bigger than MicroStrategy’s pile.
Macro fuel in the mix:
Rate cuts from the Fed.
Pro-crypto policy signals out of D.C., including the GENIUS Act inching forward.
If the trillion-dollar capital unlock thesis plays out, this could just be the warm-up.
Trader’s roadmap:
Dip buys stacked between $118K–$120K (EMA20 confluence).
Eyes on $125K and $130K for the next test of ATH territory.
Watch $123K for potential profit-taking pressure.
With +27% in the last 30 days and $12B in daily liquidity, BTC feels like it’s running with a tailwind - but remember, consolidation could be lurking just around the corner.