$BTC 🚨 Bitcoin (BTC) on Binance: Heading to 120,000? 🚨

Bitcoin is in a strong technical position for a possible rally towards 120,000 in January 2025. This momentum is supported by several key factors:

- Record reserves of stablecoins on Binance: Reserves reached 44.5 billion on December 31, 2024, close to the all-time high of 45.8 billion recorded in early December.

- Positive technical signals: The immediate purchase volume of BTC on Binance has shown higher lows since late October, indicating increasing buying pressure.

- Favorable macroeconomic factors: Lower-than-expected inflation data in the U.S. has generated optimism in financial markets.

To sustain this momentum, Bitcoin must overcome resistances at 95,000 and 96,400. A breakthrough above these levels could trigger liquidations of leveraged short positions, adding more fuel to the rally.