Bitcoin's next big target is 120K
2025-02-10
Category: None

120K🎯🎯🎯

Currently, Bitcoin is close to 97K-98K, and it is still in a bull market trend overall, but there is pressure for adjustment in the short term. I think Bitcoin may continue to rise after a short correction next week, but we need to pay attention to several key factors:

1. Bullish reasons (the logic that Bitcoin may continue to rise)

1. The market is still in a bull market structure

• Bitcoin's upward trend since 2024 has not been broken, and it still has the potential to continue to hit 100K.

• The correction may be a normal correction in the market and will not change the overall upward trend.

2. Strong inflow of funds into spot Bitcoin ETFs

• Institutional funds are still flowing in, especially the newly approved spot ETFs, pushing Bitcoin prices to remain strong.

• The incremental funds brought by ETFs are changing the market structure of Bitcoin, making Bitcoin a mainstream investment asset.

3. The expectation of halving is still strong

• After the Bitcoin halving in 2024, the effect of supply reduction may continue to ferment in 2025.
• Historical data shows that Bitcoin has the potential to rise sharply 12-18 months after each halving.

2. Bearish reasons (risk of short-term adjustment)

1. Short-term gains are too large, and there is a need for adjustment

• Bitcoin has accumulated a large increase from the end of 2023 to the beginning of 2025, and the market needs a short-term adjustment to clean up floating chips.

• If it fails to break through 100K, it may pull back to 93K-95K in the short term.

2. Market sentiment cools down, and some funds take profits

• Market sentiment has been overheated in the past few weeks. Once market sentiment falls, short-term traders may choose to cash out.

• If there is a pullback, the support area of ​​92K-95K may be tested.

3. Macroeconomic and Fed policy impact

• If the Fed postpones the rate cut or releases more hawkish signals, the market may be under pressure in the short term, leading to Bitcoin adjustments.

• Pay attention to the US dollar index (DXY) and US Treasury yields. If they rise, they may put short-term pressure on Bitcoin.

3. Trading strategy

Short-term traders (swing trading)
• If Bitcoin pulls back to 95K, consider going long in batches, with a stop loss below 94K.
• If it breaks through 98K-100K, you can increase your position with the target of 105K-110K.

Medium- and long-term investors (trend trading)
• Buy at lows. If Bitcoin falls to 93K-95K, it is a good long-term position.
• Target price: 120K and above. It is expected that the Bitcoin bull market will still have further room for upward movement in 2025.
• Key support level: 92K Key resistance level: 100K

4. Conclusion: The bull market remains unchanged, but there is a need for adjustment in the short term
The long-term trend is still bullish, with a target above 100K, and it will hit 120K after reaching stability.
Short-term traders need to be cautious in chasing highs and can wait for a pullback before entering the market.