Bitcoin resistance at $120K hints at consolidation before impulse rally to $135K
Bitcoin technical charts suggest BTC could remain range-bound for an extended period of time. Cointelegraph explains why.
Key point:
BTC is facing selling near $120,000, signaling an upcoming phase of consolidation.
Bitcoin (BTC) is taking a breather, but a positive sign is that the bulls have not ceded much ground to the bears. That suggests the bulls are holding on to their positions as they anticipate the uptrend to resume.