Bitcoin is on the verge of a major breakout, currently consolidating just below $120,000. Analysts are closely watching the formation of an inverse head and shoulders pattern, a classic bullish signal that could propel the price toward $140,000.
Institutional inflows have surged, with ETFs and hedge funds increasing their exposure to Bitcoin and Ethereum. Ethereum is targeting $4,800, while Solana is eyeing $240, driven by renewed interest in DeFi and NFT ecosystems.
Market Drivers:
Technical indicators support bullish continuation.
U.S. inflation data and Federal Reserve policy remain key macro factors.
Increased adoption of Layer 2 solutions and tokenized assets.
Investor Outlook:
If Bitcoin breaks above the $120K resistance, it could trigger a broader altcoin rally, with retail and institutional investors poised to capitalize on the momentum.