Bitcoin is consolidating within a range — not showing strong directional momentum yet — and is testing the resistance zone between 120K and 121K.
This is a critical supply zone, where buyers were previously liquidated. It’s a psychological level and might trigger profit-taking or heavy resistance from sellers. If BTC fails to break and hold above the 121K zone, there’s a high probability of a pullback toward the 116.2K–117K area to grab liquidity before a new move.
Former President Donald Trump signing new crypto laws could introduce market-moving fundamentals. However, the impact on price will depend on the content of those regulations:
You may find more details in the chart Ps Support with like and comments for better work.
This is a critical supply zone, where buyers were previously liquidated. It’s a psychological level and might trigger profit-taking or heavy resistance from sellers. If BTC fails to break and hold above the 121K zone, there’s a high probability of a pullback toward the 116.2K–117K area to grab liquidity before a new move.
Former President Donald Trump signing new crypto laws could introduce market-moving fundamentals. However, the impact on price will depend on the content of those regulations:
You may find more details in the chart Ps Support with like and comments for better work.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.