🪙 Don’t Buy BTC Yet—Here’s the Key Level Everyone’s Watching
1. Resistance at $120,000—Break or Bounce?
Analysts now pinpoint $120,000 as a major barrier. A decisive breakout above this level could spark another rally—but failing to break through could trap bulls in a painful consolidation zone.
2. Weak Support Near $101,100—Watch This Level Carefully
On the downside, $101,100 stands out as a critical floor. While a bounce off this level could ignite renewed buying, a break below it risks confirming a deeper correction.
3. The Death Cross Is Here—Bearish Signal Ahead
Looking deeper into technicals, the dreaded Death Cross—where the 50-day moving average crosses below the 200-day—has formed. Historically, such setups often precede extended pullbacks. This isn’t just history repeating; it’s alive and well.
What Should You Do?
• Hold off buying more BTC until price confirms support at ~$101K or decisively breaks resistance at ~$120K.
• Watch the BTC/Gold ratio—a breakdown could portend wider declines in Bitcoin.
• Take clues from institutions, not just charts—silent accumulation often prefaces breakout rallies.
• Wait for clarity—a range bound between $100K–$120K may compress before a directional move.
