Bitcoin Targets $120K as Crypto Markets Explode - This Week’s Rally Just Getting Started

Bitcoin rockets toward six-figure territory as cryptocurrency markets stage dramatic recovery

The $120K Question

Market momentum builds with unprecedented force—traders scramble as BTC defies gravity. Technical indicators scream bullish while institutional money floods back into digital assets. This isn't just a rebound—it's a full-scale market renaissance.

Breaking Through Resistance

Key resistance levels crumble like stale breadcrumbs. Bitcoin's surge mirrors the 2017 bull run but with one crucial difference—real-world adoption actually exists this time. Traditional finance veterans watch in disbelief as their precious gold allocations underperform yet again.

The Final Countdown

Will $120K become reality this week? The charts suggest yes—momentum traders pile in while skeptics remain trapped in their spreadsheet prisons. Sometimes the market doesn't care about your carefully calculated risk models.

Bitcoin Bulls Regain Control as Positive Momentum Builds

Bitcoin is up 4% in the past 24 hours and 7% since Friday’s low of $103,550. After a turbulent week, it looks like the bulls are finally regaining control, with BTC now on track for its third straight green daily close.

Market data paints the same picture. Spot trading volumes have more than doubled since yesterday, while open interest in bitcoin perpetuals is up over 4% – a sign that traders are back in risk-on mode.

On top of that, over $300 million in short positions were liquidated in the past 24 hours, clearing out bearish leverage as prices push higher. And although the crypto Fear & Greed Index is still stuck in “Fear” territory, it’s starting to rise again.

After last week’s chaos, this shift in sentiment could be the first hint that the market’s turbulence is over. If this momentum holds, Bitcoin could be primed for an extended rally.

Bitcoin Price Prediction – Can BTC Hit $120K This Week?

With Bitcoin hovering just above $110,000, a MOVE to $120,000 is only an 8% jump – and the coin’s price was there as recently as ten days ago. So, it’s not exactly a stretch.

The first hurdle is minor resistance around $112,000 on the 4-hour chart, where multiple wicks suggest there will be strong selling pressure. A clean breakout and confirmation above that level could open the door to $115,800, and once that’s cleared, there’s little standing between Bitcoin and $120,000.

Also, we have a busy macro week ahead. Thursday brings U.S. jobless claims, home sales, and the Chicago Fed Activity Index – all key reads on the economy’s direction. But the biggest event is Friday’s CPI report. If inflation comes in softer than expected, it WOULD pretty much confirm another U.S. interest rate cut.

Rate cuts are bullish for crypto because they typically weaken the dollar, pushing investors toward “riskier” assets like BTC. So, if Bitcoin can flip $112,000 into support and macro data cooperates, a push to $120,000 is possible this week.

Altcoin Rotation Could Send Bitcoin Hyper Soaring as Presale Passes $24M Mark

When Bitcoin starts rising again, altcoins usually follow – and this time, the focus could be on projects expanding what Bitcoin can do. One of the most talked-about right now is Bitcoin Hyper (HYPER), a Layer-2 network in presale that’s going viral on Crypto Twitter.

What’s catching the most attention is Bitcoin Hyper’s architecture. The team is building a modular Layer-2 network powered by the Solana VIRTUAL Machine (SVM), designed to bring high-speed transactions, smart contract capability, and dApp integrations to Bitcoin’s blockchain.

In short, it aims to give Bitcoin the scalability of Ethereum and Solana – but without compromising its security. That ambitious goal, along with multiple code audits and staking rewards of 49% per year, has built serious credibility in a short time. HYPER is currently priced at $0.013145, and will be needed to pay for L2 transaction fees and access to exclusive project features, as well as governance vote participation.

Bitcoin Hyper is also striking the right balance between meme coin appeal and infrastructure potential. It’s the kind of hybrid project that tends to explode when altcoin season kicks off, and the YouTuber Borch Crypto even believes it could be one of the most successful BTC-linked plays of 2025. The HYPER presale is already over the $24 million mark, setting up more success as the $25 million and $30 million milestones are lined up next.

If Bitcoin rebounds to $120,000 and liquidity starts rotating into small-cap alts, Bitcoin Hyper might be one of the biggest beneficiaries. It’s got the narrative, the tech, and the presale momentum – which is why so many traders are keeping tabs on it.