đ On-Chain Signals Flash Green: Is $120K Bitcoinâs Final Destination?
Bitcoin has surged 37.5% from its mid-April dip below $75,000, now hovering around $105,500. And according to top crypto analyst Ali Martinez, the bull cycle may not be over just yet â with $120,000 still in sight.
CVDD Data Points to a $120K Peak â If $90K Support Holds
The key metric in play: Cumulative Value Days Destroyed (CVDD) â an on-chain signal tracking long-term holder activity.
⢠Rising CVDD = profit-taking = potential local top
⢠Falling CVDD = accumulation = potential continuation
Martinez highlights that the current CVDD-based upper band (âAccessing Topsâ) sits at $120,000, aligning with historic peak behavior seen at $20K (2017) and $69K (2021).
The $90,000 support zone, dubbed âAccumulating Phase 2â in CryptoQuantâs CVDD model, has held up throughout 2025 â and remains a critical level for bulls to defend.
What Comes Next?
⢠Current Price: $103,573
⢠24h Volume: Down 17.92% â lower retail activity
⢠Next Resistance: $105,000
⢠Breakout Confirmation: A close above $107,000
Martinez notes that true momentum will return if Bitcoin breaks and holds above $107K â especially as institutional appetite remains strong. Bitcoin Spot ETFs recently saw $1.81B in net inflows, reflecting ongoing bullish sentiment.
Big Picture:
Bitcoin dominates 62.8% of the crypto market, with a $2.04T market cap. As long as the $90K support remains intact, $120K is not just a dream â itâs a realistic technical target.
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