This article is about blockchain, trading and technology news. Here is the summary:

Bitcoin could break out to $120,000 as stablecoin reserves on Binance reach a new all-time high. According to Cointelegraph Markets Pro data, BTC could be preparing for a recovery rally after a correction of over 10% from the $108,300 peak recorded on December 17. According to Ryan Lee, chief analyst at Biget Research, BTC could rise above $120,000 in January ahead of US President-elect Donald Trump’s inauguration on January 20. Investors should keep an eye on spot Bitcoin ETF inflows, US stock market performance and FTX redemptions scheduled for January 3. We welcome your comments.