🚀 Bitcoin to $120K? Here's Why Analysts Are Bullish

Bitcoin is showing signs of strength, and a potential breakout to $120,000 may not be just hype — it’s backed by on-chain and technical data.

📉 1. BTC inflows to Binance have dropped significantly

Only 5,147 BTC entered Binance recently — less than half of what was seen during bear markets.

👉 This suggests low selling pressure and a strong holding sentiment in the market.

📈 2. Bitcoin reclaimed its 50-day EMA

BTC is now trading above the 50-day exponential moving average, a bullish breakout signal seen in previous rallies.

📊 3. On-chain demand remains strong

The inflow/outflow ratio remains elevated — similar to levels seen at the beginning of past bull markets.

📌 With selling pressure down, key moving averages reclaimed, and on-chain accumulation increasing, analysts are eyeing $120K as a realistic target for the next leg up.

Do you believe Bitcoin can reach $120K this year?

Drop your thoughts below 👇

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