From Cointelegraph

June 9, 2025 3:00 pm:

Bitcoin’s Doji candle and bullish chart fractal suggest a rally to $120,000. HODLers are absorbing sold BTC, bullish for price. Price broke out from trendline pattern, looks to retest all-time high at $100,300. Weekly Doji candle indicates possible upward surge after sell-side liquidity absorption.

Analyst Jackis notes the need for confirmation of the weekly Doji candle. Trader Krillin highlights a fractal pattern hinting at a strong upward move. BTC could rally to $110,000-$120,000 following a breakout. Market sentiment favors accumulation, with spot trading volumes on centralized exchanges dropping significantly.

Onchain analyst Boris highlights diverging behavior between short and long-term holders, with long-term holders accumulating BTC. Short-term holders have distributed BTC while BTC rallied to $110,000. This suggests the uptrend is supported by strong hands. Bitcoin price may see a short-term correction before reaching $140,000.

Read more at Cointelegraph: Bitcoin fractal, boost in HODLers hints at rally to $120K