<ul><li>Bitcoin's upward momentum is expected to continue as on-chain data indicates limited profit-taking, pointing to ongoing bullish trend.</li><li>The current level of profit realization in Bitcoin market suggests that the cryptocurrency might target levels beyond $120,000 in the coming weeks.</li><li>Some analysts caution that Bitcoin's current price action could be a bull trap, risking a drop below the $100,000 threshold.</li><li>On-chain indicators suggest that Bitcoin is not yet at its cycle top, with retail investor participation still limited and certain investor groups holding onto BTC in anticipation of further gains.</li></ul>

Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

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