Bitcoin price forecasts indicate bullish continuation as BTC remains firmly above $103,000, with ETF speculation and volume supporting upside momentum.
Bitcoin price remains above $103,000 as BlackRock's crypto ETF sparks speculation of a long-term rally toward $120,000 with the SEC.
Bitcoin (BTC) holds strength at 120-day highs.
The price of bitcoin hit a 120-day high of $103,890 on Friday, driven by favorable macro conditions and renewed institutional appetite.
Despite several rejections near $105,000, BTC price maintains a stable floor above $102,500, suggesting solid buyer interest.
Coingecko data indicates that while short-term traders are moving into altcoins, long-term holders remain largely inactive, underscoring belief in Bitcoin's upside potential.
Compared to previous consolidations, this current range shows significantly more volume and stability, with volatility compression pointing to an imminent directional move.
With broader market sentiment still risk-on and macro-liquidity expectations improving, the basis for a move towards $120,000 is increasingly plausible.
BlackRock Engages SEC on Staking and Options Integration in Crypto ETFs
In a strategic development, BlackRock has engaged with the U.S. Securities and Exchange Commission to discuss integrating staking and options trading into future crypto ETF structures.
The dialogue focused on the feasibility of enabling staking rewards within a regulated ETF framework and outlined technical considerations for offering options on these funds.
While regulatory hurdles remain, the willingness of the world's largest asset manager to push these features signals increasing institutional readiness to deepen crypto exposure.
If approved, staking-enabled ETFs can provide passive yield to holders, while options-based ETFs allow for broader hedging and speculation by corporate and institutional players.
This increase could attract substantial inflows, potentially pushing Bitcoin past its previous all-time highs at $107,000.
Bitcoin Price Prediction Today: $120,000 Breakout Ahead If Momentum Holds Above $103K
Bitcoin price forecast today indicates a bullish outlook as BTC stabilizes above $103,000, maintaining a breakout trajectory from a falling wedge pattern towards the $112,000 target.
As seen below, $BTC price rests comfortably above the midline of the Bollinger Bands at $103,109 and the lower support boundary at $95,833, indicating a strong short-term trend.
The recent series of highs, including Friday's $103,243 close, indicate continued buying pressure, despite overbought signals starting to appear on the relative strength index, which is currently hovering at 75.07.
Supporting the bullish thesis, trading volume has remained steady even as BTC has strengthened, suggesting that profit-taking remains limited while institutional interest remains.
Today's bullish forecast for Bitcoin price is further validated by the RSI holding above 70 for the third straight session, reflecting sustained momentum rather than immediate exhaustion.
However, any decisive break below $102,000, especially on increased volume, could temporarily invalidate the breakout and invite retests toward the $95,000 support zone.
Until then, bias remains bullish, with $112,000 to $120,000 as a realistic upper target if macro and ETF-related tailwinds align.
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