Bitcoin Climbs, Could Reach $120K if Crucial Support Holds

Despite recent pullback, Bitcoin remains above the crucial $100,000 threshold. The leading cryptocurrency has seen a dip following more than $300 million in liquidations on Saturday morning. Currently valued at $102,901, it’s fallen by roughly 0.75% compared to yesterday. Analysts attribute this rise to expanding DeFi applications and growing institutional investments. The market is watching closely the $90,000 support level, which could indicate Bitcoin’s next trajectory. Crypto analyst Ali on X suggests that sustained trading above $90,000 would pave the way for a potential 16% rise towards the $120,000 mark.