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BTC

Bitcoin: Expect Move from $120k Resistance Toward $130k

I'm confident the market often behaves this way: when Bitcoin struggles to break $120,000 it frequently consolidates and then resumes an upward leg.

I expect a successful absorption of resistance near $120,000 to open the path toward $130,000, provided momentum and volume confirm the move.

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Analysis

Historical resistance tests near major round numbers often precede breakouts if accompanied by rising volume and momentum; failure to clear $120k, however, could trigger deeper retracements, so confir...

Recommendation

Consider accumulating on pullbacks and initiating long exposure after a confirmed breakout above $120k with clear volume support; use tight stops below recent support to manage risk.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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