By Darth001 
The Bitcoin market continues to show strong signs of long-term growth. While short-term
fluctuations and corrections are normal, all indications suggest that BTC remains in a bullish
trend. Below are six technical and six fundamental reasons supporting the thesis that Bitcoin
has a solid chance of surpassing $120,000 in the next two years.
Technical Analysis
Network Fundamentals Are Stronger Than Ever – Bitcoin’s hash rate continues to hit all-time highs, demonstrating strong miner confidence and network security, which
are critical for long-term stability and price appreciation.
Conclusion
While short-term volatility and corrections may continue, the fundamental and technical
outlook for Bitcoin remains overwhelmingly bullish. The combination of increasing adoption,
supply constraints, and favorable macroeconomic conditions suggests that Bitcoin has a
strong probability of surpassing $120,000 within the next two years. Investors should remain
focused on the bigger picture, as the long-term trajectory continues to point upward.
Long-Term Uptrend Confirmation – Bitcoin’s long-term trend remains bullish,
supported by consistent higher highs and higher lows on the weekly and monthly
charts. Even with corrections, the overall trajectory remains upward.
Weekly Indicators Aligning for a Strong Rally – Key weekly indicators, such as the
MACD and RSI, suggest that Bitcoin is entering a new phase of accumulation, which
historically precedes strong uptrends.
Support at Key Levels – Bitcoin has established strong support in the $78,000 to
$90,000 range. Every major correction has found buyers stepping in at these levels,
reinforcing the foundation for a new leg up.
Supply Shock Intensifies – With a large percentage of Bitcoin held by long-term
investors (HODLers), the available supply on exchanges continues to shrink. This
supply squeeze can trigger rapid price appreciation.
Impending Death Cross on the Daily Chart – Bitcoin’s daily chart is approaching a
potential death cross (when the 50-day moving average crosses below the 200-day
moving average). Historically, this has signaled a period of short-term correction, but
it can also create opportunities for strategic long entries, especially as the setup for a
golden cross (where the 50-day MA crosses back above the 200-day MA) emerges,
which has historically been a powerful bullish signal.
Bitcoin’s Market Structure Resilience – Despite market volatility, Bitcoin has
consistently recovered from downturns stronger than before. Its ability to bounce
back from macroeconomic pressures highlights its increasing resilience.
Fundamental Analysis
Institutional Adoption Growing – Major financial institutions and corporations
continue to increase their exposure to Bitcoin, signaling confidence in its long-term
value.
ETF Inflows Strengthening Demand – Spot Bitcoin ETFs have attracted significant
inflows, providing a steady stream of demand from institutional investors. This
development reduces Bitcoin’s correlation with speculative retail trading and
stabilizes its price movements.
Global Economic Uncertainty Favors Bitcoin – With inflation, banking crises, and
sovereign debt concerns rising, Bitcoin is increasingly viewed as a hedge against
traditional financial instability.
Regulatory Clarity Increasing – Countries worldwide are moving toward clearer
regulations for Bitcoin, reducing uncertainty and encouraging more institutional
participation.
Mainstream Adoption Continues to Expand – More businesses, merchants, and
payment processors are integrating Bitcoin as a means of exchange, enhancing its
utility and reinforcing its status as a global asset.
Network Fundamentals Are Stronger Than Ever – Bitcoin’s hash rate continues to
hit all-time highs, demonstrating strong miner confidence and network security, which
are critical for long-term stability and price appreciation.