币界网报道：Analysts are reinforcing bitcoin's $120,000 price target for 2024, citing four bullish factors: price resilience, central bank policy shifts, energy market trends, and technical indicators. BTC has maintained strength above $100,000 despite geopolitical tensions, with Nansen noting institutional and retail investors buying dips. Glassnode data shows conviction buyers accumulating while weak hands sell. Fed officials, including former hawks Michelle Bowman and Christopher Waller, now advocate for July rate cuts, potentially easing liquidity. Meanwhile, oil prices plunged 6.5% Monday, alleviating inflation concerns. Technically, bitcoin's 100-day SMA crossed above its 200-day SMA, completing a bullish momentum setup similar to patterns preceding its 2023 rally from $70,000 to $100,000.