<ul><li>Bitcoin is consolidating just below $111K, signaling a pause in its bullish momentum.</li><li>The market is in anticipation mode, awaiting fresh demand or supply for the next major move, with a bullish outlook prevailing.</li><li>Technical analysis shows Bitcoin navigating a consolidation phase after reaching all-time highs, needing increased buyer participation to reach $120K or risking a correction to $100K support.</li><li>On-chain analysis indicates that despite new highs, long-term holders are not selling, hinting at strong confidence in the uptrend with potential for further gains.</li></ul>

Bitcoin Price Analysis: is BTC About to Challenge $120K Next?

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