Bitcoin has surged over 37% since its April dip, now hovering above $103K. But can it reach $120K before this bull cycle ends?
Crypto analyst Ali Martinez says yes — if BTC holds one critical line.
🟠 The Key? CVDD Metrics & $90K Support
The on-chain Cumulative Value Days Destroyed (CVDD) indicator shows $120K as the potential top, aligning with past cycle peaks. But here’s the catch: Bitcoin must hold above $90K, the current support band derived from Accumulating Phase 2.
🛡 Lose that level, and the bullish structure could unravel fast.
📈 Bitcoin is currently trading at $103,573 with low volume and eyeing resistance at $105K. Martinez adds — the real breakout begins above $107K.
Meanwhile, Bitcoin Spot ETFs pulled in $1.81B last week — a bullish signal of institutional hunger.
Will Bitcoin hold $90K and blast toward $120K? Or is this a pause before a pullback?
Share your take below! 🔥👇
