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.
Based on the expert analyst’s judgment, the upward momentum could continue. The following are his reasons.
What you'll learn 👉
Strategic Bitcoin Reserve Initiative Gains Traction
The analyst highlights increasing institutional interest in Bitcoin, particularly noting Donald Trump’s confirmation of the U.S. Bitcoin Reserve plan.
Pennsylvania and Texas are emerging as frontrunners in state-level initiatives, while international adoption continues to expand across Canada, Russia, Japan, Switzerland, and Argentina.
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Monetary Policy Catalyst
A key driver for potential price appreciation centers around the upcoming Federal Open Market Committee (FOMC) meeting.
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.
Institutional Buying Pressure
The analysis emphasizes continued institutional accumulation, with Michael Saylor signaling potential additional Bitcoin purchases.
Major mining companies including Marathon Digital Holdings (MARA), Riot Platforms, and Hut 8 are actively expanding their Bitcoin treasury positions, potentially triggering increased institutional participation in the market.
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.
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