Bitcoin is holding strong above the $108,000 level and aiming for a breakout above its all-time high near $112,000, displaying bullish price action and minimal signs of weakness.
Short-Term Holders' unrealized profit indicator currently at 27%, historically triggering sell-offs only after surpassing 40%, suggesting potential for further price climbs before profit-taking intensifies.
Analysts predict Bitcoin targeting $120,000 amid a crucial week with positive market sentiment, with on-chain data indicating Short-Term Holders may start taking profits if the Net Unrealized Profit/Loss surpasses 40%.
Bitcoin is trading around $109,844, defending post-breakout levels above $112,000, indicating a bullish market structure with potential for further upside toward $120,000–$125,000 range supported by healthy volume and price action.