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BTC/USD: Pressures $120K as Bullish Consolidation Suggests Breakout
The bitcoin market has been a little bit negative during a large chunk of the trading session on Thursday, as we continue to consolidate just below the $120,000 region. This is an area that’s been important for a couple of weeks now and has been held quite firmly as far as resistance is concerned. That being said, we also have significant support near the $116,000 level, so that it is worth something watching as well, due to the fact that it has been fairly reliable over that same timeframe. Bitcoin continues to be very bullish overall, despite the fact that we are going anywhere at the moment. All things being ... (full story)
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