Bitcoin Pushes Higher—Could $120,000 Be Next?
Bitcoin’s price is climbing again today, up more than 6% since yesterday. According to CoinStats data, it’s hovering around $118,196 right now, flirting with a key resistance level near $118,839. And if it breaks through? Well, things could get interesting.
There aren’t many obvious barriers ahead on the hourly chart, which means this upward move might not be done yet. Traders are watching closely to see if BTC can hold its ground—or even push toward that psychological $120,000 mark. It’s not a guarantee, of course, but the momentum seems to be there.
Bulls Still in Charge
The bigger picture looks strong, too. Bitcoin cleared the $112,000 level recently, and since then, it’s been steadily climbing. As long as it stays above that zone, the trend seems to favor the buyers. Some are even whispering about a potential new all-time high in the near future, though that’s always easier said than done.
But here’s the thing—markets don’t move in straight lines. Even with the bullish sentiment, a pullback wouldn’t be shocking. The key level to watch, at least for now, is that $112,000 area. If BTC stays above it, the optimism probably sticks around. If not? Well, things could get messy.
What’s Next?
Right now, all eyes are on how today’s trading session closes. If Bitcoin ends the day near its current price, a test of $120,000 feels possible. Maybe even likely. But crypto moves fast, and sentiment can flip on a dime.
One thing’s for sure: traders aren’t bored. Whether this is the start of another big rally or just a temporary spike, the next day or two should give some clearer signals. For anyone with skin in the game, it’s probably a good time to pay attention—but not panic.
Then again, when has Bitcoin ever been predictable?
