The cryptocurrency market is heating up as Bitcoin surges toward the critical $120,000 resistance level. With monthly chart patterns signaling the early stages of a major bull run, now may be one of the last optimal windows to position for long-term gains. While sentiment remains divided, historical trends and macroeconomic catalysts suggest the momentum is firmly on the side of the bulls.
This week, three pivotal events could trigger significant volatility and shape the direction of both Bitcoin and altcoins. Investors should stay alert — these catalysts might just be the spark that ignites the next leg of the rally.
👉 Discover how market-moving events can create profitable entry points in crypto.
Bitcoin’s Breakout: A New Bull Market Phase Begins
Bitcoin’s recent price action is more than just a speculative pump — it reflects a structural shift on the monthly timeframe. The digital asset has decisively broken through a long-term resistance zone, a technical signal often associated with the start of a primary bull phase. This kind of move typically unfolds over months, not days.
Here’s what seasoned traders are watching:
- Monthly close above key resistance confirms strong institutional accumulation.
- Declining volatility after consolidation often precedes explosive upward moves.
- On-chain data shows reduced supply on exchanges, indicating holders are locking in for the long term.
Many retail investors are waiting for a deep correction to “buy the dip.” But in strong bull markets, major pullbacks are rare — and those who wait often miss the train entirely. The truth is, any price below $120,000 could be a golden opportunity rather than a reason to hesitate.
Once $120K is breached, the next psychological and technical targets are $135K and $150K. However, that’s also when caution becomes essential. The later stages of a bull run often attract excessive speculation — a classic sign to begin taking profits.
So instead of fighting the trend, align with it: ride the wave, manage risk, and scale out gradually as prices reach extended levels.
3 Market-Moving Events This Week
Global macro events continue to play a crucial role in crypto valuation. As digital assets become increasingly correlated with risk-on assets like tech stocks, economic data and geopolitical developments can trigger rapid price swings.
Here are the three most important catalysts this week:
1. Canadian Federal Election (Monday)
While often overlooked, Canada’s federal election has ripple effects across North American markets. Shifts in energy policy, trade relations with the U.S. and Mexico, and fiscal spending plans can influence investor sentiment globally.
A surprise outcome or political instability could fuel safe-haven demand — benefiting Bitcoin as a hedge. Conversely, pro-growth policies might boost equities and crypto alike. Either way, expect increased market sensitivity on Monday.
2. U.S. Core PCE Price Index (Wednesday)
This is the Federal Reserve’s preferred inflation gauge — and one of the most impactful reports for financial markets.
- A higher-than-expected reading could delay rate cut expectations, pressuring risk assets.
- A softer print, however, may reinforce bets on imminent monetary easing — a major tailwind for Bitcoin and altcoins.
With speculation around fiscal stimulus policies also in play, PCE data could combine with political narratives to create a powerful market-moving combo.
👉 See how inflation trends are shaping crypto investment strategies in 2025.
3. U.S. Non-Farm Payrolls Report (Friday)
Widely watched by Wall Street, the NFP report measures job growth and labor market health. Strong numbers may support continued economic strength — bullish for risk assets. But if employment slows sharply, fears of recession could spark a flight to digital gold.
Given that crypto has increasingly acted as both a risk-on and hedge asset, the market reaction may depend more on context than the raw number alone.
Traders should prepare for elevated volatility across all asset classes — especially in the 24 hours following each release.
Altcoin Opportunities: Strategic Entry Zones (4-Hour Timeframe)
While Bitcoin leads the charge, altcoins often deliver outsized returns during bull runs — especially when bought at strategic pullback levels.
Based on technical structure and recent price behavior, here are several altcoins showing strong support and high reward-to-risk setups:
- **$ENA**: Accumulation zone between $0.32–$0.33 shows consistent buying interest. A bounce here could target $0.40+.
- **$STX**: Already proven strength; re-entry near $0.75–$0.80 offers favorable odds after profit-taking.
- **$SUI**: Despite token unlocks, price held firm — a sign of underlying demand. Support at $3.35–$3.40 remains solid.
- **$TAO**: Trading near a key trendline confluence at $340; breakout potential if BTC momentum continues.
- **$ONDO**: The $0.88–$0.90 range is a vacuum zone with little overhead supply — ideal for swing entries.
- **$AXS**: Gaming sector lags but holds crucial support at $2.40; poised for catch-up play.
- **$TRUMP**: Purely speculative, but strong retail momentum. Watch $12 as baseline support, with upside potential near $13.50 if sentiment stays bullish.
These levels aren’t random — they reflect areas where supply is low and buyer interest has historically emerged.
Frequently Asked Questions (FAQ)
Q: Is Bitcoin really going to reach $120,000?
A: While no price prediction is guaranteed, technical indicators — including monthly breakout patterns and on-chain metrics — suggest $120K is a realistic near-term target. The key is whether BTC can sustain closes above previous highs.
Q: Should I sell my Bitcoin if it hits $120K?
A: Not necessarily. Instead of an all-or-nothing move, consider scaling out profits gradually (e.g., 25% at $120K, another 25% at $135K). This balances profit-taking with participation in further upside.
Q: Are altcoins safe to buy now?
A: Altcoins carry higher volatility but also greater return potential. Focus on projects with strong fundamentals or clear technical support zones. Avoid FOMO-driven entries at resistance levels.
Q: How do macro events like PCE affect crypto?
A: Inflation data influences Federal Reserve policy, which impacts liquidity flow into risk assets like crypto. Lower rates = more liquidity = bullish for digital assets.
Q: What’s the biggest risk right now?
A: Overleveraging and emotional trading. Many investors get rich on paper but lose it all chasing perfection. Stick to a plan, use stop-losses, and never invest more than you can afford to lose.
Q: When is the best time to buy altcoins?
A: Historically, buying altcoins after Bitcoin stabilizes post-breakout (rather than during BTC rallies) yields better risk-adjusted returns.
Final Thoughts: Ride the Trend, Not the Hype
Bitcoin’s march toward $120,000 isn’t just speculation — it’s supported by technical structure, macro conditions, and growing institutional adoption. The idea that this is “the top” has been repeated since $40K… and yet here we are.
This week’s events will test market resilience, but they also present opportunities for strategic entries. Whether you’re focused on Bitcoin or hunting for altcoin gems, patience and discipline matter more than timing perfection.
Remember:
- Avoid all-in bets.
- Don’t chase pumps.
- Take profits systematically.
- Use pullbacks as opportunities — not reasons to panic.
The bull market isn’t over — it might just be warming up.
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