📰 Bitcoin (BTCUSD) Faces Bearish Pressure Near $119K Resistance Ahead of Weekly Close
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Jul 21, 2025, 17:52 EDT
| 🔗 Source: U.Today
🧠 Summary
Bitcoin (BTCUSD) is trading sideways within a narrow range and faces resistance near $119,482. A potential bearish breakout toward $112,000-$114,000 looms if the weekly close fails above resistance, suggesting short-to-mid-term downward pressure.
💡 Why this signal?
- Bitcoin is struggling to overcome strong resistance around $119,482, indicating limited upward momentum.
- Failure to close the weekly bar above resistance could trigger bearish sentiment and a correction toward the $112,000 support zone.
- Current sideways trading suggests market indecision, with increased downside risk if the support level breaks.
📈 BTCUSD Price Trend
⏱️ Impact Timing
depending on weekly close, shortly after week end
👥 Competitor Impact
No competitors impacted.
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