$BTC
— "How to Monitor Support and Resistance in Bitcoin"
> "Learn today: Let's understand support and resistance practically. The price of Bitcoin on Binance is approximately $119,125.
• Strong support at the $117k level (weekly moving average).
• Psychological resistance at $120k.
Why is this important? Because these are points that can define price movements — breaking through resistance may indicate an upward trend, while falling below support could set up for a correction.
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