📰 Bitcoin (BTCUSD) Eyes Breakout Above $120,250 Resistance, Gains Momentum for Further Upside
📅
Jul 23, 2025, 23:04 EDT
| 🔗 Source: NewsBTC
🧠 Summary
Bitcoin price is consolidating above key supports near $118,600 with bullish momentum building. Clearing $120,250 resistance could trigger further gains toward $122,500 and $123,200, while failure to break resistance may lead to a decline to $117,200 or lower supports.
💡 Why this signal?
- Bitcoin trading above the 100-hour SMA and a key bullish trend line indicates strengthening upward momentum in the short term.
- A close above the critical $120,250 resistance zone is likely to accelerate buyer interest and push BTC price higher toward subsequent resistance levels.
- However, failure to surpass resistance may cause a retracement toward stronger support levels, making near-term direction dependent on $120,250 breakout.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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