{"id":74204,"date":"2025-09-19T08:02:13","date_gmt":"2025-09-19T08:02:13","guid":{"rendered":"https:\/\/coinjournal.net\/?p=336747"},"modified":"2025-09-19T08:02:13","modified_gmt":"2025-09-19T08:02:13","slug":"bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\/","title":{"rendered":"Bitcoin price forecast: BTC eyes $120k despite slight resistance"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">Key takeaways<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">BTC is down by less than 1% in the last 24 hours and trading around $117k.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coin could target the $120k psychological level next, following a recent bullish momentum<\/span><\/li>\n<\/ul>\n<h2>Fed rate cut pushes BTC above $117k as bullish trend resumes<\/h2>\n<p><span style=\"font-weight: 400;\">The cryptocurrency market performed excellently this week, with Bitcoin bouncing back from its Monday low of $114k to trade above $117k. The positive performance was due to macroeconomic factors, especially the Fed rate cut on Wednesday.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The rate cut allowed Bitcoin to hit the $117k level, with bulls now targeting another high around $120k in the near term. Analysts believe that the rate cut will push liquidity into the crypto market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an email with Coinjournal, Sergei Gorev, Head of Risk at YouHodler, stated that the Fed&#8217;s rate cut is quite an important factor for the market.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&ldquo;This is a positive development for the financial and crypto markets. Cheaper money pushes the quotes higher and higher. As long as liquidity prevails in the markets, the cryptocurrency market will feel quite confident. We will soon see new historical quotes for BTC, which will also support other coins. In addition, the approval of all new altcoin ETFs will also boost inflows into some cryptocurrencies soon.&rdquo;<\/span><\/p>\n<h2>Bitcoin bulls target $120,000<\/h2>\n<p><span style=\"font-weight: 400;\">The BTC\/USD 4-hour chart is bullish and efficient after Bitcoin&#8217;s price surged past its 50-day Exponential Moving Average (EMA) on September 10. It found support around the $116k level earlier this week before rallying past the $117k on Wednesday.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">BTC has been consolidating around $117k over the past 24 hours, but could be set to rally higher in the near term. The RSI of 57 shows that the bulls are still in control, with the Moving Average Convergence (MACD) indicator on the same chart displaying a bullish crossover since September 6th.&nbsp;<\/span><\/p>\n<p><img loading=\"lazy\" data-source=\"CoinJournal\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-336748\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/09\/BTCUSD_2025-09-19_09-00-27.png\" alt=\"BTC\/USD 4H Chart\" width=\"1814\" height=\"835\"><\/p>\n<p><span style=\"font-weight: 400;\">If the bullish trend continues, BTC could extend its current rally towards the psychological level of $120,000. An extended bullish run would allow it to hit the $125k mark and set a new all-time high in the process.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the market corrects and closes below the $116k support level, BTC could face selling pressure and extend its decline towards the next major support and TLQ zone at $113,924.<\/span><\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\/\">Bitcoin price forecast: BTC eyes $120k despite slight resistance<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>Key takeaways BTC is down by less than 1% in the last 24 hours and trading around $117k. The coin could target the $120k psychological level next, following a recent bullish momentum Fed rate cut pushes BTC above $117k as bullish trend resumes The cryptocurrency market performed excellently this week, with Bitcoin bouncing back from [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\/\">Bitcoin price forecast: BTC eyes $120k despite slight resistance<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":74205,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,1,1,1,1,1,1],"tags":[],"class_list":["post-74204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin price forecast: BTC eyes $120k despite slight resistance - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price forecast: BTC eyes $120k despite slight resistance - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Key takeaways BTC is down by less than 1% in the last 24 hours and trading around $117k. The coin could target the $120k psychological level next, following a recent bullish momentum Fed rate cut pushes BTC above $117k as bullish trend resumes The cryptocurrency market performed excellently this week, with Bitcoin bouncing back from [&#8230;] The post Bitcoin price forecast: BTC eyes $120k despite slight resistance appeared first on CoinJournal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-19T08:02:13+00:00\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Bitcoin price forecast: BTC eyes $120k despite slight resistance\",\"datePublished\":\"2025-09-19T08:02:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/\"},\"wordCount\":395,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2025\\\/09\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance.png\",\"articleSection\":[\"General\",\"General\",\"General\",\"General\",\"General\",\"General\",\"General\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/bitcoin-price-forecast-btc-eyes-120k-despite-slight-resistance\\\/\",\"name\":\"Bitcoin price forecast: BTC eyes $120k despite slight resistance - 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