Bitcoin (CRYPTO: BTC) is exhibiting strong bullish momentum, with analysts projecting a potential upside target of $122,000, as macroeconomic conditions and technical indicators align favorably.
What Happened: According to the latest report by10x Research, the projected price target is based on established trading patterns and reinforced by easing inflation concerns, milder-than-expected tariffs and dovish commentary from the Federal Reserve.
Technical signals also support this upward trend.
Bitcoin recently retested its wedge breakout, suggesting a strong point for an upside push, with rising moving averages reinforcing this.
Analysts are also seeing a correlation between Bitcoin gains, and the Chinese new year, with the optimal entry …
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