Bitcoin ($BTC) is showing bullish momentum in the crypto market, with a potential target price of $120K in the coming weeks according to a crypto analyst. The analyst points to an ascending broadening wedge pattern with strong support at $96K, which Bitcoin has successfully defended. The analyst believes that if Bitcoin continues to hold above $96K, it could reach new all-time highs in late February or March. Factors contributing to the bullish outlook include institutional adoption, macroeconomic conditions, the upcoming Bitcoin halving, and on-chain metrics.



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