As X’s Crypto Rover reveals, Bitcoin is underneath extreme promoting stress across the 120,000122,000 area. TradingView charts present that BTC has tried to achieve this stage a number of instances since mid-2025 with out success. Every rejection results in revenue taking and short-term corrections, indicating that sellers have a powerful benefit round this vary.
Consumers have pushed Bitcoin above $138,000 in latest weeks, however that momentum is now fading because the cryptocurrency returned to the identical resistance that reached its earlier bull market peaks. Merchants consider that the cut-off worth is a psychological wall of $122,000, as this worth is liable to massive promote orders. If the bulls break by means of this ceiling with heavy volumes, analysts count on BTC to concentrate on 140,000 and even 150,000.
Technological setup favorable for vital exams
The present resistance band coincides with the Fibonacci retracement of 61.8% of the earlier worth motion, which will increase the technical significance of this resistance band. The most recent TradingView information present buying and selling quantity reducing as Bitcoin approaches resistance. This development normally signifies purchaser indecision. In response to on-chain statistics offered by Glassnode, there was a surge in inflows to the trade, which may point out that some holders are attempting to promote on the present excessive worth. In the meantime, the 50-day shifting common is above 200-days, which is a constructive signal of bullish formation however may point out exhaustion if momentum slows.
Bitcoin market cycle and macro context
Bitcoin’s latest increase is a results of its halving in 2024, and prior to now, lowered provide has precipitated worth explosions. Further publicity from institutional buyers to ETFs and custodial companies has additional pushed the crypto market cap to over $3 trillion. However, rising U.S. bond yields and tightening international rules may dampen speculative demand. This resistance marked a milestone in Bitcoin’s 2025 bullish cycle for merchants.
The publish on Cryptocurrency Rover instantly sparked a response amongst merchants on X. Different customers are predicting a break into the 150,000 restrict, with some speculating a fair sharper correction at 110,000. One other dealer mentioned the bears are guarding this wall for his or her lives, with the sentiment that this zone will decide whether or not this 12 months’s development is down or up.
