Bitcoinโs relentless rally has brought it to the edge of yet another psychological milestone โ $118,000. With momentum building, traders and analysts are now eyeing $120,000 as the next potential target.
Why Bitcoin Is Climbing
Several key factors are fueling this surge:
ETF Inflows at Record Levels ๐ โ Spot Bitcoin ETFs have seen unprecedented institutional buying, adding significant upward pressure on price.
Tokenized Stock Trading Growth ๐ฆ โ The expansion of tokenized equities on blockchain platforms has deepened liquidity and cross-market participation.
Rising DEX Volumes ๐ โ Decentralized exchanges are handling record-breaking Bitcoin trading, signaling growing retail and global participation.
Analyst Outlook
Market strategists believe that breaking the $120K mark could trigger a new wave of FOMO (fear of missing out), attracting even more institutional and retail capital. Some forecasts even suggest Bitcoin could test $130K before year-end if macroeconomic conditions remain favorable.
