$BTC 🚀 $BTC Short-Term Outlook: Path to $120K?

Bitcoin is now trading above $106,600, boosted by strong ETF inflows and a bullish golden cross. Analysts say a push to $120K–$125K could be on the cards this month if key levels hold.

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🔍 Analyst Highlights

**$112K** is immediate resistance—surpassing it with conviction could open the door to $137K

Bitfinex: expects $120K–$125K by June’s end, as long as support at $105K holds

CoinDCX, Changelly, Standard Chartered agree: trading range is $100K–$120K, with avg $115‑$120K for the month

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📈 Technical Setup

Support: $105K (rock-solid)

Resistance: $112K → $120K

Bullish Signal: Bollinger Bands widening + positive MACD = possible volatility ramp-up

On‑chain strength: RHODL ratio down—long‑term holders are holding, not selling

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🎯 Trade Strategy (Scalp/Swing)

Entry: $106K–$107K

Stop‑Loss: $104K

Targets:

• TP1: $112K

• TP2: $120K

• TP3: $125K (if momentum holds)

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⚠️ What to Watch

Macro drivers: Fed policy, inflation data

ETF & institutional flows

On‑chain signals vs. profit-taking near $112K

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📣 Do you think $BTC will close June above $120K?

💬 Share your strategy below!

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