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BTC

Putin Meeting Fails to Boost Bitcoin — $120,600 Resistance Keeps BTC Range-Bound

I view Putin's meeting as having failed to produce any meaningful positive catalyst for markets, which keeps broad sentiment muted.

Bitcoin is stuck in a range and repeatedly hitting resistance near $120,600, so upside looks limited until a decisive breakout occurs.

I expect continued consolidation or mild downside; I'll wait for clearer confirmation before increasing exposure.

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Analysis

With no fresh positive macro news and BTC unable to clear the $120,600 level, momentum is weak and trading volume lacks the conviction needed for a sustained rally, making further upside unlikely in t...

Recommendation

Don't buy now; wait for a confirmed breakout above $120,600 with supportive volume or consider buying on weakness after a meaningful pullback.

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.

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