$BTC Bitcoin is edging toward the $120,000 mark, raising concerns about a potential $18 billion short squeeze which could trigger a sharp market move.
Institutional optimism and regulatory tailwinds
Positive vibes from institutional adoption and easing regulatory sentiment have pushed BTC past $121,000.
Strong bullish momentum with $131K target in sight
Analysts are signaling robust upward momentum, eyeing a breakout toward $131,000 after recent surges beyond $118,000.
Emerging institutional strategies
U.S. investors are now channeling their 401(k) savings into cloud-mining platforms like IOTA Miner to earn tax-advantaged crypto income from BTC (and XRP).
$BNB is up 9.07% weekly, with analysts pointing to technical setups mirroring Bitcoin’s historic bull cycles—suggesting a potential rally to $1,200 if resistance breaks.
Rebrand boosts momentum amid technical hurdles
Following the rebranding of CEA Industries to BNB Network Company and a $500M private placement, BNB rallied over 5%. Still, resistance around $785 remains a technical challenge (a "death cross" signal).
$BTC Approaching $120K, institutional momentum, potential short squeeze Bullish, eyes on $121K–$131K
BNB Major treasury acquisition, strong weekly gains, bullish patterns Bullish setup toward $1,200 contingent on resistance break