Bitcoin Resistance at $120K Hints at Consolidation Before Impulse Rally to $135K

Bitcoin Surges Past $120K: Is This Rally Sustainable?

Bitcoin’s recent price action has defied skeptics, surging past the $120,000 mark in the past 24 hours. This upward trajectory, following a sharp decline earlier this week, has sparked a debate among analysts about the sustainability of the rally and the underlying forces driving it. On-chain data is providing some clues. The NVT Golden Cross indicator, which typically rises with price as it’s a… Source

Bitcoin Climbs, But NVT Indicator Sends a Surprising Signal - Coin Surges

Bitcoin’s recent price action has continued its upward trajectory, with the asset trading as high as above the $120,000 price mark in the past 24 hours. The move suggests persistent bullish momentum following a period of sharp decline earlier this week. As the price inches closer to its all-time high, on-chain data is starting to paint a picture of solid transactional support behind the price movement. In particular, analysts have begun highligh…

Bitcoin: Repeated Failures At 120K Barrier Warn Of Further Sideways Action - Data Intelligence

BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike to new all-time high above 123K. The notion could be supported by overbought weekly studies and weekly action being so far shaped in Doji candle which signals indecision. This also indicates that bulls may ho…

Bitcoin’s Next Stop Could Be $136,000, According to Glassnode

This week, Ethereum and a range of altcoins followed suit, with ETH posting notable gains despite still trailing its peak price levels. Market analysts are now focused on whether this bullish momentum can be sustained. According to Glassnode, a leading on-chain analytics firm, Bitcoin’s breakout past $120,000 is more than just psychological—it also represents a key technical level. Glassnode’s latest data reveals that short-term BTC holders are …

Bitcoin: Repeated Failures at 120K Barrier Warn of Further Sideways Action - Action Forex

BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike to new all-time high above 123K. The notion could be supported by overbought weekly studies and weekly action being […] The post Bitcoin: Repeated Failures at 120K Barrier Warn of Further Sideways Action appe…