🚨 $BTC Heads Toward $120,000 — Renewed ETF Inflows and Long-Term Accumulation Drive Momentum
BTC
105,920.19
+3.67%
Bitcoin price continues gains on Monday after soaring over 5% the week before, showing positive momentum.
Last week, US-listed spot Bitcoin ETFs received $446.36 million in inflows. Long-term structural demand remains strong despite short-term momentum weakening on-chain.
Why It Matters:
Strong ETF inflows show rising institutional confidence.
Long-term holders continue accumulation despite volatility.
Signals possible breakout above key resistance if momentum sustains.
Market Insight:
Bitcoin (BTC) trades over $115,000, maintaining bullish sentiment driven by renewed ETF inflows. Analysts expect momentum could push BTC toward the $120K mark if ETF demand continues.