💵 $120K BTC Predictions Surging With Trump Inauguration
Exchanges are seeing a surge in interest in the $120K call option on BTC, which is now worth $1.52 billion.
🌐 According to Amberdata CEO, the bullish momentum is driven by favorable sentiment around Trump’s crypto stance.
Technical analysts are watching 2 potential scenarios for BTC:
1️⃣ BTC recently repeated the Wyckoff accumulation pattern last seen during the FOMC rate cut. Holding the $90,800 support level with possible wicks to $86,500 would confirm the uptrend.
2️⃣ The $102,760 resistance level requires a decisive breakout with strong volume to confirm further gains. A move above this level could push BTC to $110,000 and beyond in the coming weeks.
#bitcoin $BTC
Exchanges are seeing a surge in interest in the $120K call option on BTC, which is now worth $1.52 billion.
🌐 According to Amberdata CEO, the bullish momentum is driven by favorable sentiment around Trump’s crypto stance.
Technical analysts are watching 2 potential scenarios for BTC:
1️⃣ BTC recently repeated the Wyckoff accumulation pattern last seen during the FOMC rate cut. Holding the $90,800 support level with possible wicks to $86,500 would confirm the uptrend.
2️⃣ The $102,760 resistance level requires a decisive breakout with strong volume to confirm further gains. A move above this level could push BTC to $110,000 and beyond in the coming weeks.
#bitcoin $BTC
