<ul><li>On-chain data suggests a strong Bitcoin rebound as trader loss margins hit historically significant levels.</li><li>Bitcoin could potentially reach $120K if it holds above the MA50 support, or retest $54K–$55K if there is a breakdown.</li><li>The $97K resistance level is crucial for Bitcoin, as a breakout could lead to new all-time highs.</li><li>With bullish indicators and strong investor demand, BTC has a high probability of reaching higher prices.</li></ul>

Bitcoin Poised For $120K Mark as Key Indicators Flash Bullish Signals

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