🚀 Bitcoin Powers Through Macro Headwinds: Is $120K Next?
BTC Shows Impressive Resilience
Despite rising global trade tensions, Bitcoin is holding strong above $107K, with derivatives pointing toward continued upside:
✔️ Decline in put options – fewer investors betting on downside
✔️ Futures premium flips bullish
✔️ Market analysts project $120K if liquidity injections increase
💡 Why Bitcoin Gains in Uncertainty
▪️ Ongoing tariff battles (US vs Japan/S. Korea) drive demand for safe-haven assets
▪️ BTC remains undervalued against expanding fiat supply
▪️ Speculation grows around central bank interventions
📊 Critical Levels to Monitor
🔸 Key Support: $107,300 — needs to stay intact
🔸 Breakout Zone: $110,600 — could trigger a surge to $120K
Do you think Bitcoin can stay strong through a possible recession? Drop your thoughts below 👇