Article Summary

Bitcoin maintains strong momentum above $112,000 despite experiencing a routine pullback ahead of the Federal Open Market Committee (FOMC) meeting, according to leading cryptocurrency analysts. The world's largest digital asset by market capitalization shows resilience as traders anticipate the next major price catalyst. Market experts identify $120,000 as the critical resistance level that could unlock Bitcoin's path to $143,000 – representing potential upside of nearly 28% from current trading levels. The recent dip aligns with typical cryptocurrency market behavior before significant Federal Reserve announcements, suggesting institutional investors remain cautiously optimistic about Bitcoin's long-term trajectory. Technical analysis indicates the pullback represents healthy price consolidation rather than a bearish reversal, with blockchain metrics supporting continued bullish sentiment. DeFi protocols and cryptocurrency exchanges report stable trading volumes, reinforcing market confidence in Bitcoin's ability to break through key psychological barriers. As digital asset adoption accelerates and institutional investment grows, Bitcoin's price action around the $120,000 threshold could determine whether the cryptocurrency enters a new phase of price discovery toward the ambitious $143,000 target, potentially reshaping the broader crypto market landscape.