Bitcoin traders cut risk over macro worries, but BTC market structure targets $120K
A cooling phase for Bitcoin under $113,000 could be laying the groundwork for a breakout toward $120,000.
Key takeaways:
Bitcoin lost the $113,000 level as leverage use cooled and speculative bets, creating room for upside volatility.
A breakout above would $113,650 confirm an inverse head-and-shoulders pattern, potentially driving BTC toward $120,000.