Bitcoin Breaks Through Resistance: Bulls Point to $120,000 Target

A key bullish signal suggests a significant price reversal in Bitcoin. Technical indicators like the ‘Golden Cross’ and an increase in buying interest are pointing towards a potential breakout above the $120,000 mark. The crossover of shorter-term (50-day) moving averages over longer-term (200-day) ones is considered one of the most reliable bullish signs in technical analysis. This coincides with a surge in buying activity as evidenced by the RSI and MACD indicators. The market’s momentum, coupled with institutional interest, is setting the stage for a powerful price move.