Bitcoin Dey Near $120K Resistance Wit Targets $146K–$184K
Bitcoin price don climb nearly 9% for di last one week, don reach about $117,600 after e break comot from tight $105K–$108K consolidation. One billion dollar short squeeze plus over one billion dollar for US spot Bitcoin ETF inflows fuel dat big move. Analysts dey highlight big resistance zone for $118.9K–$120K, plus Joao Wedson Power Law model mark $119,300 as "Alpha Price" wey pipo must clear to fit open road to gains for $143K–$146K. Meanwhile, CryptoCon 5.618 Fibonacci extension dey match longer time cycle peak around $184,181. Traders dey eye $130K as next consolidation level as dem dey go for these projected cycle highs.
Bullish
Di news combine to show sey Bitcoin price get strong bullish momentum. The recent 9% weekly rally, wey big short squeeze and pass $1 billion inflow enter US spot BTC ETFs push am, dey show say demand strong. E break out from tight $105K–$108K range come near the critical $118.9K–$120K resistance zone, e mean say fit still go up more. Analysts dem model predict cycle highs between $143K–$146K and even up to $184K, e make the outlook positive well well. For short term, e important make e clear $119.3K “Alpha Price”, while for mid-term, focus on $130K consolidation fit prepare ground for next level up, e support bullish market stance.