Bitcoin is approaching a critical $121,000 resistance level, with bullish technical patterns and significant ETF inflows suggesting a potential rally toward $132,000.
Low unrealized profits among short-term holders indicate that Bitcoin could see a 20–25% price increase before encountering substantial selling pressure.
COINOTAG highlights that institutional demand, evidenced by over $15 billion in ETF inflows, is reinforcing Bitcoin’s upward momentum and market stability.
Bitcoin nears $121K resistance with strong institutional support and bullish patterns, signaling a possible surge to $132K amid low short-term profit-taking.
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Bitcoin’s price action is currently testing the pivotal $121,000 resistance, a level that has historically capped upward momentum. Market analysts emphasize that a daily close above $121,000 could validate a breakout, potentially triggering a rally toward $132,000. This resistance level has served as a significant barrier since early 2025, with Bitcoin forming a pattern of higher highs and higher lows, indicative of a sustained bullish trend. The asset’s ability to maintain price levels above its 50-day and 100-day moving averages further supports this optimistic outlook.
Analysis from CryptoQuant reveals that unrealized profits among short-term Bitcoin holders remain low at approximately 15%, well below the 35% threshold historically associated with widespread profit-taking. This metric suggests that many investors have not yet realized gains, leaving ample room for price appreciation before significant selling pressure emerges. Such a scenario could allow Bitcoin to advance by 20–25%, reinforcing the potential for a sustained upward trajectory in the near term.
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Source: https://en.coinotag.com/bitcoin-nears-121k-resistance-amid-bullish-signals-and-15b-etf-inflows-suggesting-possible-rally/