<ul data-eligibleForWebStory="false"><li>Bitcoin is predicted to reach a potential high of $120,000 in the near future, following the Wyckoff Accumulation pattern and tracking the increase in global M2 money supply.</li><li>Some analysts suggest that Bitcoin might even surge as high as $153,000 by October 2025, based on current trends.</li><li>While the Wyckoff pattern indicates bullish momentum, declining funding rates on exchanges like Binance suggest growing short interest among traders, potentially leading to forced liquidations or margin calls.</li><li>Despite the positive price outlook, the possibility of a Federal Reserve rate cut could impact Bitcoin due to reduced risk appetite from investors. Bitcoin currently trades at $108,435, showing a slight decrease in the last 24 hours.</li></ul>

Bitcoin Bulls Eye $120,000 – Will Falling Funding Rates Trigger The Next Breakout?

Discover more