Bitcoin Range-Bound; Resistance Near $120,600 Limits Upside
I believe Putin's meeting failed to produce any substantial positive news that could lift risk assets, and Bitcoin remains trapped in lateral trading as a result.
BTC is holding inside a range with clear resistance near $120,600, and I see limited upside until that level is convincingly breached.
I'm watching for a decisive breakout or fresh macro catalysts before changing my view; absent that, momentum is likely muted.
Analysis
Recommendation
Wait for a confirmed break above $120,600 or a decisive macro/volume catalyst before initiating new positions; otherwise remain patient or manage exposure conservatively.
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.