{"content":"BITCOIN (BTC) BREAKS OUT: WILL IT SURGE TO $120,000? Bitcoin's recent surge has indeed sparked interest in its potential to reach $120,000. Currently, the cryptocurrency is trading at $107,847.98, with a 1.67% increase. Market expert Doctor Profit predicts Bitcoin could hit $116,000 to $120,000, driven by : Strong Bullish Divergence: A technical signal on the daily chart indicating potential price increases. -institutional Demand: US exchange-traded funds are accumulating Bitcoin at a rate eight times greater than its current mining output. Double Bottom Formation: Bitcoin's recent breakout from this formation suggests further growth. However, potential short-term fluctuations and market volatility could cause Bitcoin to dip to $90,000 to capture liquidity before rebounding. Historically, major downgrades, like Moody's recent downgrade of the US credit rating, can lead to swift market corrections . Key Price Levels to Watch: Support Level: $90,000, which could serve as an optimal entry point. Resistance Level: $116,000 to $120,000, predicted as the next breakout target. Overall, while predictions suggest a potential surge to $120,000, the cryptocurrency market's volatility necessitates caution and careful consideration of various factors.$BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/09/13a86dcd879640198863b57b4458049a.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}