Bitcoin's Range-Bound Movement – A Breakout Incoming?
2025-02-01
Category: None

Bitcoin has been moving sideways on the daily timeframe, struggling with a key resistance level. If buyers step in and push the price above this barrier with strong volume, we could see a rally toward $120,000 in the coming months. But if it fails again, another pullback to lower support levels wouldn’t be surprising.

For traders, the key signs to watch are volume spikes, RSI divergence, and moving average crossovers. A clean breakout with a successful retest could be a solid entry for long positions, while a rejection might offer short opportunities.

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