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Bitcoin price forecast today analysts emphasize bitcoin price

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Analysts emphasize bitcoin price forecast today remains supported by ETF inflows topping $210M this week. Strong participation from US institutions could ignite a breakout pattern if BTC closes above its 20-day EMA. Analyst pinpoints altcoins and narratives set to outperform in Q4. Momentum indicators confirm a renewed expansion phase, with immediate resistance at $124,450 (Fibonacci 127.2%) and $128,733 (Fibonacci 161.8%) . Key support lies between $114K–$118K , and a sustained hold above $120K could solidify a new trading floor, setting the stage for a sweep above $124K and possibly testing the psychological $130K threshold. Bitcoin price forecast today is buoyed by midweek surge in DeFi token volumes, with cross-market sentiment bleeding into BTC buying. Crypto index trackers report overall sentiment index at 68, firmly in 'greed' territory.