Post
Topic
Board Speculation
Re: How fast can BTC reach 120K level?
by
$weetne$$
on 30/05/2025, 23:03:55 UTC
Seems like BTC just hit the resistance level at 110K

Are we going to see BTC breaking 120K level sooner?

How fast can it reach and what is everyone thinking of?

For the past 4 days, the chart has been printing bearish candles and this shows the market is in a correction stage. It has corrected from $111,980 to $104,000 and there are still possibilities of the market dropping further. With this findings, I do not think the market is going to get to $120,000 anything soon. We are already at the end of May therefore if we are to see any improvement from Bitcoin price it has to be by the start of next month. If it starts with a bullish candle then we should expect the price to increase but when the start of the month candle is bearish then we should be expecting the market to drop further. $120,000 will likely happen between July and August because I do not see the market getting to that price by next month.