Bitcoin Approaches Breakout as Analysts Seek $114K Support and $125K Trigger

Bitcoin’s price is hovering near $120,000 as analysts monitor key support levels. A breakout above $125,000 could signal a substantial rally towards $170,000, but a drop below $114,000 may reverse the trend. Analyst Egrag Crypto highlights crucial support levels: $114,000 acts as immediate support, with $101,500 and $74,000 serving as long-term safety nets. A confirmed close above $125,000 could confirm a breakout, bolstering expectations for even greater gains. MicroStrategy’s upcoming inclusion in the S&P 500 is expected to inject an estimated $30 billion into the Bitcoin market, potentially driving further growth and creating more momentum.