Bitcoin Bulls Face $120M Resistance in Ongoing Uptrend
Bitcoin (BTC) has been climbing steadily, rising from $75,000 to $104,000 since early April in a classic "stair-step" rally—marked by periods of consolidation followed by sharp moves higher.
Currently, in $BTC
BTC is consolidating between $101,000 and $105,000. To continue its upward momentum, bulls must overcome significant resistance: nearly $120 million in sell orders stacked at $104,800 and $105,000 across major exchanges, according to Kiyotaka.ai.
This selling pressure could slow down the next leg up, but strong macro and technical indicators suggest that bulls may eventually break through. The sell walls likely won’t last forever, and a successful push higher could send BTC to new all-time highs.$XRP
Stay tuned and watch the orde
r books!