Bitcoin Breaks $120K Barrier: Could Unleash Further Gains?

Bitcoin’s price is nearing a key resistance level of $120,000, sparking speculation about potential breakthroughs and further price rises. Several bullish indicators suggest strong support for this price surge. The on-chain metrics reveal a compelling supply-demand balance, with room for growth before overheating. 60-billion daily trading volume across various exchanges suggests growing momentum. 3 key analysts have predicted Bitcoin’s price might break through $120,000 and beyond. Experts attribute this potential breakout to factors such as cooling inflation and anticipated rate cuts by monetary authorities, which historically benefit Bitcoin.