Bitcoin Price Aims Fresh Gains After Consolidation: Can the Rally Resume?
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term.
Bitcoin has experienced one of its sharpest corrections in recent years, slipping below the $65,000 level and reaching its lowest price since October 2024. The decline reflects persistent selling pressure across the crypto market, accompanied by deteriorating macro sentiment, reduced liquidity, and cautious positioning among institutional participants. Recent price action suggests the market is entering a critical phase where confidence, rather than technical levels alone, may determine the next directional move.
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