#dudas #bitcoin #Binance #BinanceHODLerPROVE #BinanceHODLerTOWNS What are the 'ceilings' and 'floors' in the price of Bitcoin and why is everyone talking about them? 🤔"

The price of Bitcoin, after its recent correction, has remained in the range of $110,000 USD, a level that technical analysts identify as a "strong support". This means that every time the price has fallen to this level, a large number of buyers have entered the market, preventing it from continuing to drop.

At the same time, analysts point out that $120,000 USD acts as an important "resistance", a level that the price has attempted to break several times without success.

Traders use these levels to plan their strategies. For example, a trader might decide to buy near a support level hoping that the price will rise, or sell near a resistance level, expecting it to fall.

"The price of Bitcoin is in a key range between $110,000 and $120,000. Do you think it will break the ceiling or remain at the floor? Comment below!"