Bitcoin’s price has held around 118,000 USD, showing strength despite overall market losses. Taker sell volume decreased dramatically, suggesting reduced selling pressure from bears. A breakout above 120,000 USD is needed to resume the bullish trend.
Though Bitcoin’s price is above critical support levels of 117,000 USD and 118,000 USD, multiple failed attempts to surpass 120,000 USD indicate a significant resistance. If this level is broken, the price could potentially rise towards 122,000 USD.
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