Bitcoin (BTC) is poised to potentially reach a remarkable price target of $120,000, as indicated by the formation of a bullish head and shoulders (H&S) pattern in its technical analysis. This pattern suggests a reversal in the current market trend, signaling increased investor confidence and buying pressure that could drive the cryptocurrency to new heights. Traders and analysts are closely monitoring this development, as the breakout from this pattern may lead to significant upward momentum for Bitcoin in the near future.
source: https://www.coindesk.com/markets/2025/09/08/btc-looks-to-be-prepping-for-a-surge-to-usd120k-technical-analysis