The fluctuation in the trading price of Bitcoin has remained narrow since the previous week, and the range is between 102,500 and 111,800, signaling an impending pattern breakout.
Based on the WalletInvestor analysis, Crypto Rover will rally to $120.00 as the BTC breaks the upper resistance zone with high momentum.
It has reached a peak market cap of $2.1 trillion despite a slight decrease in the 24-hour trade, indicating a holding pattern by investors.
The Bitcoin ball is already warming up, and once it gains enough momentum, there will be a breakout. The charts are under closer watch by traders and analysts who have been making bullish forecasts of hitting a six-figure rise. The potential of the next big movement in Bitcoin is on the horizon, with investor confidence increasing and on-chain factors tightening.
Crypto Rover has reported that bitcoin is now in a determined horizontal range with critical resistance and support levels in place. The chart displays Bitcoin consolidating around the range of around 102,500 to 111,000, which seems to be some kind of a classical accumulation area. The recent candlestick formation implies a narrowing of the price movements around the lower end of the range, as there was a series of price tests at the support segment where buyers seem to be placed. Rover suggests that when Bitcoin conclusively breaks over this consolidation box, tremendous bullish power can be unleashed.
Crypto Rover shows a high probability of a bullish rise of the price towards the mark of $120,000, given that the price breaks resistance. This forecast is corroborated by the fact that, in the past, high waves of upward movements happened based on consolidations of the same kind. A heavy green support band at the lower end of $103,000 also lends even more strength to the bullish case, indicating a good foundation from which the next leg up may be starting. But as long as a breakout is not yet present, Bitcoin will stay range-bound, and traders can still anticipate volume elevations and breakout bars to assist the potential motion to the six-digit level.
On June 20, 2025, Bitcoin went up to 105,948.11 with an increment of 1.02% within the past 24 hours as more investors express their optimism. The CoinMarketCap data show that the market capitalization has grown to the mark of 2.1 trillion dollars, whereas the trading volume in the same time slot decreased by 17.60% to the mark of 38.19 billion dollars, which is a sign of low sell pressure despite the price increase.
A concurrent decrease in price briefly to beneath the extent of 104,500 U.S. dollars and a rapid increase to approximately 106,680 U.S. dollars are evident in the intraday chart, with the currency leveling off a bit beneath that extent of 106,000 U.S. dollars. As the circulating supply almost reached its maximum level (19.88 million Bitcoin out of 21 million), the scarcity story surrounding Bitcoin will continue to be bearish due to the numerous bulls as it hovers at its resistance level at the upper end of the current range.
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