Bitcoin Today Latest News:
✈️$BTC Nears 🤪$120K as Institutional Inflows and Bullish Patterns Signal Possible Record-Breaking Rally
$BTC is approaching the $120,000 mark, fueled by strong institutional inflows, bullish technical setups, and growing investor confidence. The cryptocurrency recently hit $118,919, driven by demand from ETFs, corporate treasuries, and large funds treating it as a strategic asset.
Key bullish indicators include a golden cross and bullish flag on daily charts, alongside $79 billion in futures open interest—often preceding major breakouts. Supportive macro factors, such as easing monetary policy and favorable U.S. regulations allowing Bitcoin in retirement accounts, are adding momentum.
Resistance remains at $120K–$122K, but sentiment is optimistic, with forecasts up to $145K by year-end and as high as $1.5 million by 2030. Harvard’s $116 million Bitcoin ETF investment reflects growing institutional acceptance. Layer-2 innovations like Build on $BTC (BOB) are expanding utility in decentralized finance.
While market risks persist, the alignment of institutional demand, technical strength, and regulatory support could position Bitcoin for a historic rally.
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