📰 Bitcoin (BTCUSD) Eyes $120K Resistance; Midterm Rally Hinges on Key Close Above $119K
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Jul 22, 2025, 20:14 EDT
| 🔗 Source: U.Today
🧠 Summary
Bitcoin price shows mixed signals; hourly chart hints at bullish breakout towards $120,000-$121,000, while daily chart suggests sideways trading near $117,000-$121,000. Midterm growth depends on closing above $119,482 to push toward new all-time highs.
💡 Why this signal?
- Bitcoin’s hourly price action indicates potential for a bullish breakout testing local resistance, signaling short-term upward momentum.
- However, the daily chart shows a balanced struggle between buyers and sellers, suggesting sideways consolidation is likely in the near term.
- Midterm upward movement depends on closing prices above a critical level, which could trigger renewed growth towards new highs.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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