Multiple experts are predicting BTC could reach $120,000 this year. Here’s why the bullish momentum is strong:
✅ 1. $BTC Holding Strong Above $100K
Bitcoin stayed above $100K even during big global tensions like the Iran-Israel conflict.
Every small dip is getting bought quickly — showing strong demand.
More buyers are entering, including big investors (institutions).
✅ 2. Rate Cuts Coming Soon?
The Federal Reserve is hinting at interest rate cuts in July.
Lower rates are good for risky assets like crypto.
Even some Fed members who were against cuts are now supporting them.
This means more liquidity = bullish for Bitcoin.
✅ 3. Oil Prices Dropped – Inflation Easing
Everyone expected oil to go up due to war tensions — but oil crashed instead.
Lower oil prices reduce inflation worries.
This makes it easier for central banks to cut rates, which supports Bitcoin growth.
✅ 4. Technical Chart Looks Bullish
A major bullish signal: the 100-day moving average crossed above the 200-day.
This joins the previous golden cross (50-day over 200-day) — a strong bullish pattern.
Same pattern last year pushed BTC from $70K to $100K.
🔥 Conclusion:
With strong price support, possible rate cuts, falling oil prices, and bullish technical signals — the path to $120K BTC looks very possible.
