🚀 Bitcoin heading towards $120K? See why analysts are optimistic

BTC is showing strength and a potential breakout towards $120,000 no longer seems like mere speculation — technical and on-chain data confirm this view.

📉 1. Decrease in BTC inflows to Binance

Only 5,147 BTC have recently entered Binance — less than half the levels seen in bear markets.

👉 This suggests low selling pressure and greater coin retention.

📈 2. BTC has reclaimed the 50-day moving average (EMA)

Bitcoin is trading above the 50-day EMA again, a classic breakout signal in previous cycles.

📊 3. On-chain demand remains strong

The inflow/outflow ratio is high, just like at the beginnings of previous bull markets.

📌 With less selling pressure, technical support regained, and high BTC retention, analysts are already considering $120K as a realistic target.

Do you believe Bitcoin will reach $120K this year?

Comment below 👇

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