Bitcoin (BTC) Price Prediction: BTC/USDT Keeps Testing the $120,000 Threshold

The Bitcoin market has clearly moved on from its base around the $115,000 price level. However, repeated attempts to breach the $120,000 level have been unsuccessful. This is evident as the token has retreated and now trades below this threshold.

BTC/USDT Long-Term Trend — Bullish (Daily Chart)

Key Price Levels:

Resistance: $120,000, $125,500, $130,000

Support: $118,000, $115,500, $113,000

Price activity in the Bitcoin market has seen a pullback below the $120,000 level. Nevertheless, the overall upward trend remains intact, as price action retains support above the middle band of the Bollinger Bands (BB) indicator.

#HotJulyPPI #BNBBreaksATH #BTCBreaksATH #REVABinanceTGE #Write2Earn