strong buy
Bitcoin Faces Consolidation Near US$120K Before Potential Rally to US$135K
New publication: "Bitcoin's resistance at US$120,000 indicates a period of consolidation before a stronger rally up to US$135,000". Bitcoin's technical charts suggest that it could stay in a consolidating phase for an extended period. The Cointelegraph explains the reasons behind this technical outlook.
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AI Analysis
The technical analysis indicates that Bitcoin is at a crucial resistance level of US$120,000. Such levels often act as a barrier where market participants take profits, leading to a sideways price mov...
AI Recommendation
Investors should monitor Bitcoin's price action around the US$120,000 resistance. A confirmed breakout with increased volume might signal the start of a rally toward US$135,000. During consolidation, ...
Disclaimer
The AI 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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