Bitcoin ($BTC ) hovers just below $117K after three consecutive weeks of higher lows, showing strong bullish follow-through from July’s breakout.
Momentum is driven by steady accumulation across both retail and institutional segments, with buying pressure intensifying on minor dips.
Volumes are on the rise, reflecting increased participation and conviction among market players.
Traders see the $120K level as the next psychological milestone, with growing anticipation of a clean breakout if current strength holds.
Sentiment across the crypto space remains optimistic, supported by macro tailwinds and improved risk appetite.