Bitcoin surged to a high of above $111,000 with macro news improving and risk appetite returning. Traders are now questioning Bitcoin as to whether or not it can target the $120,000 mark in the short term and replicate a 2017-like run in 2025. Below, we chart the major technical intervals, the meaning of the macro picture with regard to Bitcoin and the reason why some investors are also turning to Remittix (RTX) as momentum builds.
Bitcoin Price: Structure, Catalysts And Targets
Bitcoin rose to a peak of $111,430 on fresh hopes about a potential Chinese-US summit and an increased chance of a Federal Reserve rate reduction. The fact that the macro tailwind is important is because liquidity tends to favor Bitcoin when it is breaking out.
Daily chart RSI divergence was also present as Bitcoin reached a 15-week low around $103,500 and then whipped up. The smaller bull flag will be validated and this may result in an accelerated momentum in case buyers push the price above $115,000.
Still, on larger time periods, two multi-month bull flags indicate ambitious targets. The bigger frame, which started at the end of 2023, has an estimated move of close to $192,000 and a mid-2024 flag would mark around $186,000.
In 2017, Bitcoin was successful due to the growing liquidity and the influx of novel participation. Today, the backdrop rhymes. The price of rate cuts is getting driven, the volumes of ETFs are high and the institutional adoption is more extensive.
Analysts identify an inverted head-and-shoulders with a down-playing target of around $141,300 and still others believe there was an upward channel, which with continued flows could extend well above. In the meantime, the roadmap will be straightforward: break even at $110,000 to $113,000, then break even at $115,000, and strive to break even at $120,000 and above should the volume increase.
Remittix: The Payments Play Riding Bitcoin Tailwinds
As Bitcoin leads the charge toward a possible $120,000 breakout, Remittix (RTX) is gaining momentum in the payments corner of crypto. Remittix has raised over $27.5 million, sold more than 679 million tokens and is priced at $0.1166. The live wallet beta is already in user testing, processing crypto-to-bank transfers with live confirmation data and settlement in under 24 hours.
Some of the Key Highlights of Remittix include:
- Utility Meets Adoption: Remittix enables simple crypto-to-bank payments in over 30 countries, setting a new standard for real-world use.
- Security and Trust: Verified and ranked #1 by CertiK, giving investors unmatched confidence before launch.
- Growing Ecosystem: More payment corridors and fiat options are being added each quarter as adoption expands.
- Active Community: Over 300,000 giveaway entries and a 15% USDT referral program fuel viral growth.
Final Take: How Bitcoin’s Path Shapes The Next Moves
Bitcoin is re-directing the market and the tape suggests a move towards $120,000 in case it can break the $115,000 mark with a good volume. The macro environment is supportive, there is optimism around interest rate cuts and the ETF demand is tough, indicating that the longer-term trend is headed in a positive direction.
For portfolios, many are keeping Bitcoin as the core trend bet, then adding selective utility plays like Remittix, priced at $0.1166 with over 679 million tokens sold and more than $27.5 million raised, to capture payments growth if the broader crypto cycle accelerates.
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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