đ Bitcoin Trend & Whatâs Coming Next
1. Recent Surge đ
Bitcoin recently smashed past $120K, touching highs of $122Kâ$123K, fueled by institutional fervorârecord ETF inflows, strong on-chain buying, and optimistic sentiment during âCrypto Weekâ in U.S. Congress .
Technical setups like the cupâandâhandle breakout, plus bullish MACD crossing and price stacking above key EMAs, reinforce positive momentum .
2. Whatâs Driving It
Institutions lead: Daily ETF inflows hitting $1â2âŻbillion+, with major players like BlackRock, Fidelity, and MicroStrategy accumulating .
Regulatory tailwinds: U.S. legislative progress on stablecoin and clarity-focused bills like GENIUS and CLARITY is boosting confidence .
Macro factors: Softening U.S. dollar, expectations of Fed rate cuts, and global âriskâonâ appetite from equity strength are helping lift BTC .
3. Short-Term Forecast (Next Few Days)
Analysts expect BTC to consolidate between $120Kâ$130K, with potential to test and break out toward $125Kâ$128K if support holds above ~$121K .
Some models forecast a 14% further rise toward $134K â $135K over the next week if momentum remains strong .
4. Risks on the Radar
Overbought metrics: Greed or euphoria indicators are elevated, increasing chances of choppy price action or a brief pullback .
Macro flare-ups: Trade tensions, unexpected Fed communications, or Bitcoin legislation delays could briefly stall or reverse gains .
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