Bullish Signals for Bitcoin (BTC/USDT): Will $120,000 Be Reached Soon?

Bitcoin ($BTC ) is currently trading at $106,555.00 (+1.73%), maintaining a positive momentum despite market fluctuations. The market sentiment remains strong, supported by increasing liquidity and ongoing institutional interest.

Key Insights:

Support Level: Holding at $104,000.

Resistance Target: $110,000 (short-term) and $120,000 (mid-term).

Technical Indicators: MACD indicates bullish continuation, and RSI suggests strong bullish momentum.

Strategy: Watch for breakouts above $107,000. Monitor broader market trends and news to capture potential gains towards new highs.