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<p>A popular crypto analyst on X, Ash Crypto, has stated that the price of BTC could spike to $120,000 this week. This prediction comes as the price of the leading crypto touched $105,200 before the close of the weekly candlestick on Sunday.</p>
<p>Based on the expert analyst’s judgment, the upward momentum could continue. The following are his reasons.</p>
<h2 class="wp-block-heading" id="strategic-bitcoin-reserve-initiative-gains-traction">Strategic Bitcoin Reserve Initiative Gains Traction</h2>
<p><a href="https://x.com/Ashcryptoreal/status/1868518843317977294?t=32MaIduWnRt_TEUl6E9V2Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">The analyst highlights</a> increasing institutional interest in Bitcoin, particularly noting Donald Trump’s confirmation of the U.S. Bitcoin Reserve plan.</p>
<p>Pennsylvania and Texas are emerging as frontrunners in state-level initiatives, while international adoption continues to expand across Canada, Russia, Japan, Switzerland, and Argentina.</p>
<p><strong><em>Read More: <a href="https://captainaltcoin.com/if-you-invest-1000-in-sui-today-heres-how-much-you-could-make-by-2025/" target="_blank" rel="noopener noreferrer nofollow">If You Invest $1,000 in SUI Today, Here’s How Much You Could Make by 2025</a></em></strong></p>
<h2 class="wp-block-heading" id="monetary-policy-catalyst">Monetary Policy Catalyst</h2>
<p>A key driver for potential price appreciation centers around the upcoming <a href="https://www.federalreserve.gov/monetarypolicy/fomc.htm" target="_blank" rel="noopener noreferrer nofollow">Federal Open Market Committee (FOMC) </a>meeting.</p>
<p>The analyst points to a 97% probability of a 25 basis point rate cut, following similar moves by the European Central Bank and Swiss Central Bank. These monetary policy shifts typically create favorable conditions for Bitcoin appreciation.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="350" src="https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-1024x350.png" alt="" class="wp-image-600442" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-1024x350.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-300x103.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-766x262.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-1536x526.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-2048x701.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-438x150.png 438w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-100x34.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-1023x350.png 1023w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731-788x269.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/image-731.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="institutional-buying-pressure">Institutional Buying Pressure</h2>
<p>The analysis emphasizes continued institutional accumulation, with Michael Saylor signaling potential additional Bitcoin purchases.</p>
<p>Major mining companies including <a href="https://www.mara.com/" target="_blank" rel="noopener noreferrer nofollow">Marathon Digital Holdings (MARA),</a> Riot Platforms, and Hut 8 are actively expanding their Bitcoin treasury positions, potentially triggering increased institutional participation in the market.</p>
<p>Based on these converging factors—technical breakout, policy initiatives, monetary easing, and institutional demand – the analyst projects Bitcoin could reach $120,000 within the week.</p>
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<p>The post <a href="https://captainaltcoin.com/expert-analyst-predicts-bitcoin-btc-price-could-hit-120k-this-week-heres-why/" rel="noopener noreferrer nofollow">Expert Analyst Predicts Bitcoin (BTC) Price Could Hit $120k This Week—Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Analyst Predicts Bitcoin (BTC) Price Could Hit $120k This Week—Here’s Why

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