Bitcoin Stalled — Resistance at $120,600 Caps Upside

I see that the recent meeting tied to Putin brought no substantial positive news and Bitcoin remains stuck in a tight range. Price action shows limited conviction from buyers around current levels.

Immediate resistance sits near $120,600, and until that level is decisively cleared I expect upside to be capped and volatility to favor sideways or mild downside moves.

I will avoid initiating new long positions now and instead watch for a clear breakout above $120,600 or a decisive breakdown before changing my view.