#BTCPrediction The prophecy of $BTC resonating in the markets and that meme working overtime... The atmosphere is charged with bullish expectations. Allow me then, invoking the coldness of technical analysis and the inherent volatility of the crypto space, to offer you an omen with the seriousness of a professional report, albeit with the touch of uncertainty that always accompanies these markets.

Preliminary Technical Analysis: Bitcoin Towards $121,000 - Is All That Glitters Gold?

The recent projection from CoinCodex, pointing to a rise of Bitcoin ($BTC) towards $121,000 by May 12, 2025, has injected a palpable dose of optimism into the market. The current rally, with BTC trading around $96,885 and showing an increase of 3.15% in the last 24 hours (as seen in the Binance capture), certainly fuels this bullish narrative. However, it is crucial to approach these predictions with a rigorous analytical perspective and consider various factors.

Technical Factors to Consider:

* Short-Term Bullish Momentum: The price chart on Binance shows a recent upward movement, supported by increasing trading volume in both the Spot market (24h Volume (BTC): 190,188.775 BTC) and in terms of USDT (24h Volume (USDT): 18.31B). This increase in buying activity suggests a positive sentiment towards