Bitcoin’s About to Hit $120,000: The Wyckoff Hype Is Real, Analysts Say

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So, Bitcoin (BTC) is flirting with its all-time high (ATH) of $108,786 from January this year, and guess what? Analysts are practically drooling over the idea that the price could soon shoot for a fresh new record. Apparently, the stars are aligning for the top cryptocurrency, and we could see some serious gains soon. 🚀

Bitcoin’s Doing The Wyckoff Dance: Final Phase Incoming! 💃

In a post on X (yes, we’re still calling it that), crypto expert Ted Pillows took a moment to gush about Bitcoin entering the final stage of the Wyckoff Accumulation pattern. If you’re scratching your head, don’t worry—it’s just a fancy way of saying that BTC is getting ready for a major breakout. Basically, Bitcoin’s been chilling just above $100,000, which according to Pillows, is a *really* good sign. Like, who wouldn’t want to hang out there, right? 😉

And wait for it—Tether, the cryptocurrency that makes everything go ‘round, just minted a neat $2 billion in USDT. Yep, that’s a whole lot of fresh liquidity coming to play. Pillows predicts that this will send Bitcoin soaring past $120,000. Who knew crypto could be this thrilling? 🤯

Now, for those of you who don’t have “Wyckoff Accumulation” tattooed on your brain, here’s the deal: it’s a technical analysis model that tracks when big players scoop up Bitcoin at low prices before a massive bull run. So, if you’ve been wondering why Bitcoin’s been sitting pretty at these levels, this is why. It’s all about that build-up before the big payday. 💸

Another crypto brainiac, Jelle, also gave a shout-out to Pillows’ theory. In a separate X post, Jelle dropped a monthly BTC chart that pretty much screams, “Once we break that ATH, it’s game on for price discovery.” 📊

And here’s where it gets spicy—BTC could see a rush of short liquidations if it breaks through some key resistance levels. Ali Martinez, a seasoned analyst, pointed out that if Bitcoin hits $105,000, it could trigger $23.65 million worth of short liquidations. Sounds like a juicy drama series, right? 🤑

Meanwhile, Titan of Crypto is keeping a watchful eye on Bitcoin’s Fair Value Gap (FVG) between $98,000 and $102,000. According to Titan, Bitcoin’s been holding strong in this zone, even when some were calling for a price drop. But, as he says, as long as that zone holds, it’s still a bullish setup. Oh, Titan—so positive, so smart. 😎

Yesterday, many were already calling for much lower prices. Yet again, #BTC held strong with a great reaction from the daily Fair Value Gap. As long as that zone holds, the setup remains bullish.

Institutional Investors Can’t Get Enough Of BTC ETF Inflows 💼

Bitcoin’s also raking in the big bucks from institutional investors. Data from SoSoValue shows that BTC spot exchange-traded funds (ETFs) took in $2.97 billion in April 2025. That’s a *huge* jump from the measly $767 million that was drained in March. You know, just a minor uptick of over $2 billion. 🤑

Last November, BlackRock’s IBIT BTC ETF made headlines when it surpassed the firm’s gold fund in net assets. Gold, meet your new competition. And with Bitcoin’s market cap at over $2 trillion—yeah, that’s trillion with a “T”—it’s looking pretty snazzy next to gold’s $21 trillion. But hey, gold’s so 20th century, right? ✨

And if you think that’s all, think again—more and more investors are yanking their BTC off exchanges, likely preparing for what’s shaping up to be an epic rally in the months ahead. At press time, BTC is chilling at $103,896, up 1.7% in the last 24 hours. Sounds like a party! 🎉

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2025-05-17 08:43