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- An analyst predicts Bitcoin will reach $120,000, citing bullish momentum and no significant bearish pressure.
- Institutional support and regulatory advancements fuel optimism for Bitcoin’s next growth phase toward its projected targets.
Popular crypto analyst Alan Santana on TradingView stated that Bitcoin’s value is increasing steadily without retracing, corrections, or declines.
Now confirmed is $120,000; Bitcoin will start to grow soon. Based on Santana’s analysis, which highlights the lack of bearish momentum, BTC will keep moving upward with few deviations. “Only three days red, hundreds of days green,” he said, so supporting his conviction in an extended bullish cycle.
Meanwhile, BTC is trading at around $95,328.66 at the time of writing, a 1.84% gain over the last 24 hours and a 34.38% rise over the last 30 days. Bitcoin dominance has somewhat dropped despite this amazing increase, and it now holds 57.1%.
No coins selectedOptimism Grows as Bitcoin Nears $120,000 Milestone
Still, analysts like Santana are unconcerned, forecasting Bitcoin’s next benchmark of $120,000 as not only possible but also near. The chart shows no bearish force. I’ll see you at the next milestone, and $100K is already hit.
He pointed out Bitcoin’s recent approach to $99,588, which he regards as equal to crossing the symbolic $100,000 mark.
This confidence also reflects the larger market for crypto. Santana underlined the positive developments in altcoins, therefore boosting faith in the general sentiment of the sector.
“Nobody has doubt about the 2025 bull market,” he said, as 2024 draws to an end. We are all concentrating on holding, buying, and accumulating toward the long run since everyone understands the market is quite positive next year.
Institutional players, nevertheless, keep showing their strategic asset confidence in Bitcoin. Renowned for its aggressive Bitcoin investment approach, MicroStrategy owns an amazing 386,700 BTC. This long-term dedication emphasizes the company’s conviction that Bitcoin has promise even if there are certain concerns.
Further confirming MicroStrategy’s impact in the crypto market, analysts estimate that it might finally control as much as 4% of the total supply of the coin. Such large ownership, as CNF has noted, shows the growing institutional acceptance of Bitcoin as a fundamental asset.
In line with the favorable attitude, top asset management company VanEck has estimated that Bitcoin would reach $180,000 during the next phase of the bull market, according to CNF. Anticipated favorable laws, including new stablecoin restrictions and changes to FIT21, support this projection.
