$BTC is walking a tightrope right now…
Price is holding firm above the $116K support, showing strong buyer defense. But looming just ahead is that stubborn $120K resistance — a level that’s been tested but not yet cracked.
This is a pressure cooker moment for Bitcoin. Break above $120K, and we could see a fast surge toward price discovery territory. But rejection here could spark a shakeout to retest lower zones.
Momentum is building. Volatility is brewing. One clean breakout… and everything changes.
The next move could define the rest of this cycle — are we about to witness it?