BTCUSDT Outlook – Range-Bound with Repeated Rejection
Bitcoin is currently trading within a defined range, facing repeated rejection around the 120,000 resistance zone. This level has proven to be a strong barrier, with sellers actively defending it during multiple attempts, most recently on Wednesday.
Despite the bullish momentum seen earlier, the inability to close above 120K highlights buyer exhaustion or profit-taking near the highs.
Technical Levels to Watch:
If The Price does not Growth and its seems to fall and there support level will be 116K we could Find if the 4H candles close above 120K we see further Growth.
If Like this idea if you have On Opinion about this analysis share in comments.
Bitcoin is currently trading within a defined range, facing repeated rejection around the 120,000 resistance zone. This level has proven to be a strong barrier, with sellers actively defending it during multiple attempts, most recently on Wednesday.
Despite the bullish momentum seen earlier, the inability to close above 120K highlights buyer exhaustion or profit-taking near the highs.
Technical Levels to Watch:
If The Price does not Growth and its seems to fall and there support level will be 116K we could Find if the 4H candles close above 120K we see further Growth.
If Like this idea if you have On Opinion about this analysis share in comments.
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✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
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.