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Key Point:
BTC is heading towards $120,000, but bulls haven't budged much, suggesting a breakout to new highs.
Bitcoin
BTC
$119,147
fell from the $120,000 resistance level on Wednesday, indicating bears are fiercely defending it. The failure to break through the upper resistance level resulted in a net outflow of $285.2 million over the past three days from US spot ETFs, according to data from Farside Investors. This suggests investors have become cautious in the short term. A positive sign, however, is that bulls have prevented the price from falling below $115,000. #Which Sectors Are You Watching in 2025?# #July Market Forecast# #Content Mining & Earn Rich Commission# #Institutions Buying Bitcoin# #Stablecoin Regulation Crackdown#