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After surpassing 98,000 dollars, Bitcoin’s price quickly fell again, unable to maintain its position above this resistance level. High-profile rug pulls involving figures such as the President of Argentina, along with significant macroeconomic developments, have resulted in a prolonged period without the anticipated rise in cryptocurrencies. The question remains: when will this trend end?
When Will Bitcoin Rise?
Bitcoin (BTC) 
$0.000034 is currently trapped within a narrow range, frequently testing crucial liquidity zones for long positions. Just hours ago, the price touched levels around 93,000 dollars before dropping back to 97,000 after initially exceeding 98,000. Despite no major losses in U.S. stocks, the cryptocurrency market is still facing significant challenges.
The pressing question is: when will Bitcoin hit 120,000 dollars? When will these dull movements end for altcoins? CryptoBullet has noted important insights regarding this scenario:
“The daily view of the BTC chart shows the blue support zone currently holding. As long as bulls maintain this support, I remain optimistic for a rise towards the 120,000 dollar target.”
This area could be reached by mid-March, but as summer approaches, historical concerns suggest that a lack of volume may soon become a pressing issue.
S Coin Price Prediction
With ongoing changes in the ecosystem, one of its key components is gaining momentum. S Coin, recently rebranded as Sonic, looks strong moving forward. Ali Charts suggests that before further gains, selling may commence.
“The target within the head and shoulders formation has been hit. Now, with the TD Sequential giving a sell signal on the 4-hour chart, a rise in profit-taking may be on the horizon!”
