We're at a critical inflection point, and both levels are within striking distance — but the path we take matters.

Technically, BTC has broken out of a multi-week consolidation range. The price action above $115k looks healthy, supported by increasing volume and a clear shift in momentum. If bulls maintain this pressure and we don’t get rejected near $118–119k, the push to $120k could come fast — and from there, $125k might just be a stop away.

On-chain data is also encouraging. Exchange balances are dropping again, miner sell pressure is low, and long-term holders aren’t moving much. The market seems to be driven by spot demand — not over-leveraged longs (yet).

However, funding rates are creeping up, which makes me cautious. If we don’t get continuation soon, we could see a liquidity sweep below $113–114k before another leg up. Whales often exploit this type of overconfidence in tight ranges.

My bias? If we close above $118.5k on the daily, I’m leaning toward a quick move to $125k. But if we see weakness during U.S. market hours, a retrace to build a stronger base around $112k wouldn’t surprise me either.

Either way, this zone is high-stakes — manage risk, don’t chase green candles.

#BTC120kVs125kToday #BTC