Bitcoin traders cut risk over macro worries, but BTC market structure targets $120K

A cooling phase for Bitcoin under $113,000 could be laying the groundwork for a breakout toward $120,000.

Key takeaways:

Bitcoin lost the $113,000 level as leverage use cooled and speculative bets, creating room for upside volatility.

A breakout above would $113,650 confirm an inverse head-and-shoulders pattern, potentially driving BTC toward $120,000.

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