Bitcoin Range-Bound; Resistance at $120,600 Caps Upside
I think Putin's meeting failed to deliver any substantial positive catalysts, so market sentiment stayed muted.
Bitcoin is stuck in a range and has repeatedly hit resistance near $120,600, suggesting limited upside until that level is convincingly broken.
I will watch for a decisive breakout or clear momentum shift before adding exposure; otherwise I remain cautious and patient.
Analysis
Price action shows consolidation below $120,600 with low-volume rallies and no new macro catalysts — upside appears constrained and volatility may remain muted until a clear breakout or breakdown.
Recommendation
Monitor price around $120,600 and wait for a confirmed breakout or rejection before taking a directional position; avoid adding size on hope alone.
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.