Bitcoin (BTC) Price Prediction: Bitcoin Builds Momentum Toward $120K as Gold Falls and Liquidity Boost Nears
The post Bitcoin (BTC) Price Prediction: Bitcoin Builds Momentum Toward $120K as Gold Falls and Liquidity Boost Nears appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) is gaining renewed bullish momentum as traders eye a potential test of the $120,000 level following a decisive breakout above key resistance. The move comes amid weakening gold prices and rising expectations of a liquidity boost ahead of this week’s Federal Reserve meeting. Bitcoin Price Strengthens After Breaking Key Resistance Bitcoin is currently trading around $115,565, up 1.64% over the past 24 hours, according to Brave New Coin data. The flagship cryptocurrency remains below its all-time high of $126,198 recorded earlier this month, but continues to show strong signs of upward continuation. Bitcoin races toward the $120K mark as bullish momentum accelerates. Source: @Micro2Macr0 vi X Market analyst @Micro2Macr0, a self-described macro investor, projected that Bitcoin could “test $120,000 by the end of the day tomorrow,” citing a bullish breakout above a descending trendline on the BTC/USD daily chart. The chart highlights momentum toward $118,884 and $120,000, supported by rising trading volume and renewed investor participation. “At this pace, Bitcoin is probably testing $120,000 by the end of the day tomorrow,” Micro2Macro wrote on X. The setup reflects a similar ascending structure seen during the 2021 bull market, when Bitcoin surged over 300% within a year. Analysts note that maintaining support between $110,000–$112,000 remains critical for sustaining the current uptrend. Gold Pullback Highlights Capital Rotation Toward Bitcoin Investor Ash Crypto underscored the growing divergence between Bitcoin and gold performance, noting that “money rotation has finally started.” Over the past week, Bitcoin has gained 6.7%, while gold has dropped 6.86%, suggesting a shift in capital from traditional safe-haven assets to higher-risk alternatives like Bitcoin. “Gold is dumping, Bitcoin is pumping,” Ash Crypto said, forecasting a potential $150K–$180K target for Bitcoin in Q4 2025. Gold tumbles while Bitcoin surges 6.7%—money rotation signals a potential $150K–$180K BTC in Q4. Source: @Ashcryptoreal…
Filed under: News - @ October 28, 2025 1:23 am