Bitcoin Surges 2% Weekly, Eyes 14% Gain to $123K

Bitcoin has surged past the $108K mark, igniting speculation that it could reach $120K before the end of the year. The cryptocurrency is currently trading between $96K and $107K, with bullish momentum driving its ascent. The 10-day moving average is closely aligned, and the Relative Strength Index (RSI) is holding above 50, indicating a positive market sentiment. A weekly gain of over 2% suggests steady accumulation, and if Bitcoin breaks through the $113K resistance level, it could potentially reach $123K, offering nearly 14% upside.

Investor confidence continues to grow as Bitcoin holds key support levels, setting the stage for further growth into the second half of 2025. The next leg toward $120K may be closer than anticipated, especially if macro sentiment remains favorable. A breakout above current levels could set the tone for the rest of the year, with $120K becoming a key psychological milestone and price target for traders.

As institutional interest and on-chain activity grow, investors are closely monitoring the market for the next breakout trigger. The bullish momentum and strong support levels suggest that Bitcoin is poised for continued growth, with the potential to hit $120K before the year-end. The cryptocurrency's steady ascent and positive market sentiment indicate that it has further growth potential, making it an attractive investment option for those looking to capitalize on its upward trajectory.