However, a popular trading metric used to gauge buyer interest in Binance suggests that the cryptocurrency could revisit this crucial price level before the end of the year.Over the past 60 days, Binance’s Bitcoin Taker Buy Volume has reached $8.3 billion and formed three higher lows, indicative of strengthening buying pressure.
The pseudonymous “xoom,” for one, recently highlighted a bullish engulfing candle with rising volume, indicating a potential price target of $110K to $130K by January’s end, with $120K as a realistic target. Despite possible short-term volatility, the trend suggests BTC could climb to $135K or higher in the coming months.that Bitcoin’s current price action appears to be similar to the correction fractal from late 2023.