Bitcoin’s Rare Bull Signal Flashes — $120K Target Now in Play?
Crypto traders just got a jolt of adrenaline. A historically reliable pattern—one that’s only appeared three times since 2016—just triggered in Bitcoin’s charts. Past occurrences preceded rallies of 300% or more. Cue the institutional FOMO.
The setup? A bullish megaphone breakout on weekly timeframes, paired with whale accumulation at key support levels. Glassnode data shows addresses holding 1,000+ BTC added 42,000 coins last month—the kind of buying spree that usually precedes fireworks.
Of course, Wall Street ‘experts’ will dismiss this as gambler’s math. Meanwhile, their gold ETFs bleed assets while Satoshi’s invention eats another zero. The irony’s thicker than a Bitcoin maximalist’s Twitter thread.
Could $120K happen before year-end? The charts say maybe. The suits will say never. Place your bets—the market’s writing checks their spreadsheets can’t cash.
RSI Divergence Creates Urgency for Bitcoin Bulls
While accumulation signals are bullish, momentum indicators are flashing a warning. Analyst Bluntz pointed out a bearish divergence on the daily RSI, which could hurt the bulls if confirmed.
This happens when price prints a higher high but RSI makes a lower high – indicating weakening buying strength.
there’s a daily $btc bear div brewing here if it closes red by tomorrow.
its unfortunate that its appeared before fresh ath’s but its the first one since last year.
be careful with longs imo pic.twitter.com/ZYw49WAbDK
Bitcoin analyst Matthew Hyland said the same on the weekly chart. He said Bitcoin must move to $120K-$130K in the next few weeks to maintain RSI structure and prevent a larger pullback. If not, it could trigger a weekly bearish divergence and derail the current rally.
#BTC Weekly
Bulls have been in control and I’ve repeated this for the past month while everyone called for pullbacks
If the Bulls want to remain in control they must continue to push the price higher in the coming weeks based on the highest weekly candle close ever and the… pic.twitter.com/1r87WEQYL7
“Bulls must push the weekly RSI above December 2024 highs to remain in control,” Hyland said. This divergence could be a speed bump for further gains – unless price action accelerates soon.
Bitcoin Technical Setup: Buy the Dip Still Intact
Despite RSI headwinds, Bitcoin’s technicals on the 2 hour chart are still bullish. Price is respecting the ascending channel since early May.
After bouncing from both the lower trendline and the 50 period EMA at $104,358, bulls took control with a spinning top followed by a bullish engulfing candle.
Earlier a three WHITE soldiers pattern preceded the move to $107,000. If BTC gets back to $105,500, the targets are $107,000 and $108,600 – the top of the channel.
- Entry: $104,250-104,350 (buy the dip zone)
- Stop Loss: $103,800
- Target: $107,000-108,600
- Bias: Bullish if higher lows and EMA support holds
MACD is still soft but showing signs of reversal as the histogram bars contract.
Conclusion:
Bitcoin’s RSI divergence and whale accumulation is a mixed but key setup. If bulls can break $108K, the MOVE to $120K may happen faster than you think.
BTC Bull Token Nears $6.98M Cap as 71% Staking Yield Drives Demand
As BTC holding NEAR $105K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $6.01 million out of its $6.98 million presale goal, with a price increase looming as it enters its final funding stretch.
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This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.
- USDT Raised: $6,015,311/ $6,981,682
- Token Price: $0.00252
- Staking Pool: 1.47B BTCBULL
- Yield: 71% APY
BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.
With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.
