Bitcoin (BTC) Price Prediction: Satoshi Nakamoto Era Whale "Awakens" Without Disrupting the Uptrend, Challenging the Key Resistance at $120,000

Bitcoin's bullish momentum is almost unfolding one by one, validating the projected trajectory driven by macro-dovish policies, institutional demand, and favorable technical recovery structures. The bullish momentum continues—if macro conditions remain favorable and the price movement stays unchanged, follow 115,000-120,000 USD; during pullbacks, 108,000-105,000 USD is the key support level.

Bitcoin Soars: Driven by Institutional Capital Inflows

The rise of Bitcoin is driven by a perfect storm of macro, structural, and institutional changes:

1. The dovish guidance from the Federal Reserve continues to drive capital from the dollar towards diversified stores of value;

2. Strategy, companies like GameStop and Japan's Metaplanet are actively building Bitcoin reserves;

3. The U.S. Bitcoin Strategic Reserve legislation solidifies Bitcoin's legitimacy as a sovereign-level asset;

4. The transfer of 80,000 BTC (approximately $8.6 billion) from addresses dating back to the Satoshi Nakamoto era has reignited interest in Bitcoin's supply dynamics, but has not disrupted the upward trend.

Bitcoin Technical Outlook

Jasper Osita of ACY Securities stated that Bitcoin continues to recover from the pullback since its historical high of $112,000. The momentum remains strong, but risks still exist.

Bullish Scenario - Continuing towards $115,000 to $120,000

If $112,000 becomes the support level, the pump may extend to $116,000 to $120,000.

Target:

· 113,000 USD - easily accessible

· 115,000 USD - psychological level

· 120,000 USD - Institutional Target

(Source: Trading View)

Bearish Scenario - Retracement from Historical High

If the pump stagnates at historical high levels, we may see a Bitcoin pullback.

Target:

· $108,000 to $105,000 - Discount Level

· 100,000 USD - psychological level.

(Source: Trading View)