Bitcoin Price Prediction: BTC Poised For $120K As Analysts Compare This Cycle To 2017 - Will History Repeat?

Bitcoin's latest market structure has reignited arguments between traders who believe the current cycle can mirror the 2017 parabolic rally. As confidence returns to digital assets, investors are eagerly watching to see if BTC can sustain its uptrend through the fourth quarter of the year.

The overall market sentiment is optimistic, supported by persistent accumulation and reawakened institutional participation. Meanwhile, presale projects such as Remittix https://remittix.io still attract investor attention, reflecting the broader return of confidence across the crypto ecosystem.

Bitcoin Price Outlook and Market Structure:

The Bitcoin price has recently shown strength after rebounding from a brief dip below key technical levels. In a CoinMarketCap community analysis https://coinmarketcap.com/community/post/369936758, BTC rebounded from long-term support following a false breakdown and now trades in a narrowing range below a short-term downtrend.

The structure suggests indecision, with expanding reaction lows as volatility compresses. Holding the $108,000-$110,000 area is of absolute importance to keep sustaining the ongoing squeeze pattern.
A decisive break above $111,800-$112,500 would rather confirm bullish continuation and pave the way towards $115,000-$116,000. But falling below $107,000 can invalidate the pattern and invite a retest around $105,000.

This setup reflects how traders are positioning themselves cautiously yet with a clear bullish bias. With improving global liquidity and long-term holders still holding strong, the majority of analysts now suggest that Bitcoin can reach the $120,000 region if momentum builds in the next couple of months.

Analysts See Similarities With 2017's Cycle

Some market analysts have likened the current cycle to that of 2017 when Bitcoin burst after a lengthy consolidation phase. Similarly comparable are the robust on-chain accumulation, dwindling balances on exchanges, and increasing institutional demand via additional ETF inflows.

Investor sentiment is also rising amidst macro stability and increasing expectations of another halving-induced supply squeeze. Analysts are of the view that the intersection of these factors can propel BTC into a new parabolic run, with a potential test of six-figure levels before year-end if the market follows historical rhythm.

Remittix Extends Its Momentum With Major Milestones

While Bitcoin leads the broader rally, Remittix (RTX) https://remittix.io continues to be an up and up in the presale market. Priced at $0.1166 per token, the project has raised more than $27.7 million and sold more than 680.9 million tokens. Its rapid momentum includes secured CEX listings on BitMart and LBANK, along with full CertiK verification, where Remittix is ranked #1 in pre-launch tokens globally.

The project's wallet beta is live and its 15% USDT referral program pays daily. These developments underscore Remittix's focus on transparency, usability, and long-term utility.

Outlook: Will Bitcoin's Pattern in 2017 Repeat?

If Bitcoin can maintain key supports and break resistance with conviction, a push to $120,000 remains on the table this cycle. The accumulation structure, along with resumed institutional inflows, contributes to this view.

As Bitcoin's path forward continues, Remittix's ohttps://remittix.io ngoing growth highlights the reality that investor confidence is restoring not only in blue-chip assets but also in newer, utility-oriented projects driving the next wave of blockchain adoption.

Discover the future of PayFi with Remittix by checking out their project here:

Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry risk, including total loss of capital. Readers should conduct independent research and consult licensed advisors before making any financial decisions.

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This release was published on openPR.