Bitcoin is consolidating within a range — not showing strong directional momentum yet — and is testing the resistance zone between 120K and 121K.
This is a critical supply zone, where buyers were previously liquidated. It’s a psychological level and might trigger profit-taking or heavy resistance from sellers. If BTC fails to break and hold above the 121K zone, there’s a high probability of a pullback toward the 116.2K–117K area to grab liquidity before a new move.
Former President Donald Trump signing new crypto laws could introduce market-moving fundamentals. However, the impact on price will depend on the content of those regulations:
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