🚨 $BTC reaches $120.9K after new institutional flows and rally expectations
Current price and technical structure
Bitcoin is trading at $120,905, with an intraday range between $119,014 and $122,026. After a correction in previous weeks, the price shows new strength near recent highs, consolidating within an upward channel in the medium term.
Key factors
Spot BTC ETFs recorded net inflows of $65.9 million, led by IBIT with +$111.4M, which countered outflows in ARKB and GBTC.
The leverage curve of BTC futures reached its highest level in five years (+0.4), signaling an increase in the use of borrowed capital and potential future volatility.
The price is moving towards $119K amid a positive technical, macro, and institutional sentiment.
Technical level of the day
Level Value
Support $120,000 (~psychological level and base of the channel)
Resistance $122,000–$123,000 (recent highs)
Key zone Staying above $120K supports momentum towards new highs
Institutional / Macro Outlook
The persistent inflow of capital into ETFs, along with favorable regulatory signals and increased leverage — indicating institutional confidence — point to a continuation of the rally, with possible targets above $123K.
Do you think $BTC will break $123K this week or will we see consolidation first? Comment on your forecast.
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