Bitcoin Stalled Below $120,600 After Putin Meeting — Limited Near‑Term Upside
I think the recent meeting led by Putin failed to deliver meaningful positive catalysts, and market participants are reflecting that lack of news. Bitcoin remains range-bound and has been repeatedly rejected near the $120,600 level.
Given the stalled momentum and clear resistance, I expect limited near-term upside until price convincingly breaks above that level or new bullish fundamentals appear. I’m cautious about initiating fresh long positions right now.
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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.