Bitcoin Price Prediction: BTC Trading at $103,613 Shows Bullish Momentum After V-Shaped Recovery, Poised to Test $120K Resistance

Bitcoin is back in the driver’s seat. After hitting $74,652 earlier this year, BTC has made a V-shaped recovery and is now above $104,000 and heading towards $109,427. This technical pattern – sharp declines followed by sharp rebounds – is a sign of strong market conviction and often precedes big rallies.

Since breaking above the 50-day EMA ($94,870), Bitcoin has been in a steep trend with higher lows and accumulation