#forecast $BTC
BTC/USDT forecast for the month: 115,000–120,000 📈
Bitcoin is trading around 107,900 USDT, having decreased by 1.39% over the last 24 hours. The Fear and Greed Index at 61 indicates greed, while the ratio of long to short positions (1.7 : 1) confirms investors' confidence in growth. High trading volume in the futures market (9.07B USDT) further supports bullish expectations.
If BTC holds above 107,300, we can expect movement towards the levels of 115,000–120,000. However, in an overheated market, one should consider the possibility of a short-term correction amid high activity.
This forecast is analytical in nature.
