The price is still at a very good level, $108K is a very good level, no one can say for sure what will happen next, but positive movements will come with a very high probability, and we just have to be ready for that and continue holding with faith. We expect a new ATH this month, we don't know if it will actually happen or not, but if not this month, then the possibility of a new ATH next month is very high. $120K is not too difficult, when the price movement starts real pumping, $120K is very easy.
Honestly, I don't think this is an easy target because if I remember correctly, we were expecting bitcoin to hit that level in June and even May. But as we have seen, that has not happened, so far. So this goal is not easy to achieve.
Perhaps to achieve that, the market needs a bigger and stronger catalyst. Because despite the news of adoption still increasing every day as more and more governments, companies invest in bitcoin, ETF flows are still continuously positive...but the price doesn't seem to have any significant upward trend. This is unusual to the point of being bizarre, and makes me think someone is trying to manipulate the price of bitcoin.
Thats the market. It dosnt care what you expect or want. Bitcoin is a volatile asset. Trying to predict where its price will go is just wishful thinking on our part. There is no predictable trajectory we can count on.
The market moves how it decides to move. Good news might already be reflected in the price, or traders might ignore it entirely. Often some other factor drives what happens. Given how prices have swung in the past, $120k doesnt seem out of reach if this bull run keeps going. But thats never guaranteed with Bitcoin.