“Bitcoin Price Faces Critical Resistance at $120,000: Investors Pour Billions into US Bitcoin ETFs as Upward Trend Hangs in Balance”

Bitcoin is encountering resistance around $120,000, indicating a looming period of consolidation per technical analysis. Despite this, investors are continuing to pour funds into US-based Bitcoin exchange-traded funds, totaling over $5.2 billion since early July. The possibility of Bitcoin's upward trend resuming is tied to surpassing the $120,000 to $123,218 resistance zone, leading to potential targets of $135,729 and $150,000. Conversely, a drop below $110,530 could favor bears. Short-term chart indicators hint at a probable trading range between $115,000 and $123,218, with significant support expected at $110,530. Vigilance is required, as investment decisions carry risks, and readers should perform their due diligence before acting.

#038;utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound” target=”_blank”>[Original Post]

Generated by DMK News Bot