The target of 120 thousand dollars in Bitcoin is strengthened: 4 critical factor supporting the rise
Bitcoin's strong stance over $ 100,000 may be the beginning of a new bull run, according to many analysts. The Fed's interest rate reduction signals, falling oil prices and intersection of technical indicators brings BTC to the target of $ 120,000.
Bitcoin remains over $ 100,000 despite geopolitical tensions and short -term sales. While this level becomes a psychological support point, the presence of investors who make “buying from the bottom” draws attention.
“There are usually harsh sales in shocks like war, but here investors are instantly purchased. This is a strong market perception.”
- Nicolai Soendergaard, Nansen Research Analyst
🔍 What does Glassnode data say?
Weak hands have sold 29 %since June 10.
However, stable investors are actively purchasing to reduce costs. This indicates that the structural confidence in the market is still strong.
🏦 2. Interest reduction wind in the Fed with Trump Wave
The FED’s expectation that the Fed can make interest rate reductions is gradually strengthening. In particular, it is noteworthy that names like Michelle Bowman and Christopher Waller, who had previously exhibited a “hawk” attitude, now use “pigeon” tons.
“Trump always wanted to reduce interest rates.
- Man Button, Forexlive Chief Analyst
Fed President Powell’s statement to the Congress this week will be critical in terms of the direction of the market.
🛢️ 3. Surprisingly decrease in oil prices alleviated inflation anxiety
Despite the US-Iranian voltage, oil prices fell by 6.5 %, contrary to expected. This reduces the fear of the central banks’ secondary inflation effect ..
“Where is the second wave inflation effect? Oil fell 15 % - this is a direct deflation signal.”
- James E. Thorne, Wellington Atlus Head Strategist
Falling energy costs increase the likelihood of interest rate reduction and support risk assets.
📊 4. Technical indicators support bulls
In Bitcoin, moving averages give a bull signal again:
The average 100 -day average cut the 200 -day average in the upward direction.
Previously, the “Golden Intellectual”, which was previously for 50 days and 200 days of average, has now evolved into a triple bull formation.
In November 2024, a similar structure was formed and BTC rose from 70K to 100K.
Bitcoin’s current market structure is not only technical but also on a strong ground in macro and psychologically. The price, which does not collapse even in geopolitical tensions, reinforces investor confidence. Combined with the change in FED policy and energy prices, it will not be surprising that BTC testing $ 120,000.
