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07/18 15:58

BTC Price Breakout Dependent on $120K Bitcoin is

BTC Price Breakout Dependent on $120K

Bitcoin is consolidating below $120K, giving market participants every reason to expect further price gains.

Targets are increasingly leaning towards $135K as the next stop for BTC/USD as the pair shrugs off macro concerns and moves on its own.

“A daily close above the ~$120K range high resistance followed by a retest after a breakout would confirm Bitcoin’s breakout to new highs,” trader and analyst Rekt Capital told its subscribers on Friday.

Rek Capital also noted that consolidation is redirecting capital into altcoins.

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