Bitcoin Faces Resistance Near $120K: What’s Next for BTC Price?
The post Bitcoin Faces Resistance Near $120K: What’s Next for BTC Price? appeared on BitcoinEthereumNews.com. TLDR: BTC price trades at $119,366, facing resistance around $119,400 and $120,400 levels. Analysts see low August performance as a repeat of past seasonal trends before October rallies. BTC’s SuperTrend weakens with lower highs forming since the $120,430 local peak. Liquidity near $118K holds key; breakdown risks opening deeper downside toward $116K. Bitcoin is stuck in a tight range again. After showing strength through June and July, the momentum has slowed near $120,000. Traders are watching closely with August not far, a month that’s known for unpredictable swings. Volatility often creeps in around this time, usually followed by strong action in October. With liquidity thinning out, short-term risks are rising on both sides. BTC Price Stalls Near Local Resistance Bitcoin’s current price sits at $119,366, according to CoinGecko. It hasn’t moved much over the past 24 hours but is up 4.86% on the week. The price remains trapped between major bid levels near $118,000 and ask walls up to $119,400. BTC price on CoinGecko Technical analyst IT Tech reported that Bitcoin is trading in yesterday’s sell zone. According to their 15-minute footprint chart, sellers are stacking orders above $119,000, while long liquidations are building below $118,000. The structure suggests continued pressure as bears reject bounces past the $119,400 area. Crypto analyst Daan Crypto Trades noted that Bitcoin’s returns for June and July have been average this year. $BTC Has seen a pretty average return for June & July so far this year. August has historically not been the best month but still sees a +1.75% average return over the years. Generally August & September are pretty choppy and liquidity goes down. We have also always seen a… pic.twitter.com/t45UCpMlFo — Daan Crypto Trades (@DaanCrypto) July 17, 2025 Historically, August and September bring weaker price action and a drop in trading activity.…
The post Bitcoin Faces Resistance Near $120K: What’s Next for BTC Price? appeared on BitcoinEthereumNews.com.
TLDR: BTC price trades at $119,366, facing resistance around $119,400 and $120,400 levels. Analysts see low August performance as a repeat of past seasonal trends before October rallies. BTC’s SuperTrend weakens with lower highs forming since the $120,430 local peak. Liquidity near $118K holds key; breakdown risks opening deeper downside toward $116K. Bitcoin is stuck in a tight range again. After showing strength through June and July, the momentum has slowed near $120,000. Traders are watching closely with August not far, a month that’s known for unpredictable swings. Volatility often creeps in around this time, usually followed by strong action in October. With liquidity thinning out, short-term risks are rising on both sides. BTC Price Stalls Near Local Resistance Bitcoin’s current price sits at $119,366, according to CoinGecko. It hasn’t moved much over the past 24 hours but is up 4.86% on the week. The price remains trapped between major bid levels near $118,000 and ask walls up to $119,400. BTC price on CoinGecko Technical analyst IT Tech reported that Bitcoin is trading in yesterday’s sell zone. According to their 15-minute footprint chart, sellers are stacking orders above $119,000, while long liquidations are building below $118,000. The structure suggests continued pressure as bears reject bounces past the $119,400 area. Crypto analyst Daan Crypto Trades noted that Bitcoin’s returns for June and July have been average this year. $BTC Has seen a pretty average return for June & July so far this year. August has historically not been the best month but still sees a +1.75% average return over the years. Generally August & September are pretty choppy and liquidity goes down. We have also always seen a… pic.twitter.com/t45UCpMlFo — Daan Crypto Trades (@DaanCrypto) July 17, 2025 Historically, August and September bring weaker price action and a drop in trading activity.…
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