Bitcoin Battles Resistance: Will the 120K Ceiling Spark a Breakout or Prolonged Stalemate?

Bitcoin's latest dance with the $120K barrier has traders sweating—another rejection paints a messy technical picture. Here's why the king crypto might be stuck in purgatory (and how Wall Street's 'experts' will spin it either way).

The Resistance Grind

Three failed attempts at cracking $120K in Q3 2025 aren't just bad luck—they're flashing warning signs for bulls. Each rejection strengthens that psychological wall, turning previous optimism into 'show me the money' skepticism.

Sideways = The New Volatility?

With institutional algos now dominating trades, Bitcoin's infamous rollercoaster could morph into something worse: boredom. Range-bound action between $110K-$120K might test hodlers' patience more than any crash ever did.

The Silver Lining Playbook

Consolidation at all-time highs isn't collapse—it's digestion. Every legacy finance analyst screaming 'bubble' forgets: markets need breathers before ripping higher. (But sure, keep shorting it.)

Whether this is the calm before the next leg up or a slow bleed into Q4 depends on who's holding the leverage. One thing's certain: the '120K or bust' narrative just got interesting.

BTC/USD

BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike to new all-time high above 123K.

The notion could be supported by overbought weekly studies and weekly action being so far shaped in Doji candle which signals indecision.

This also indicates that bulls may hold under 120K for extended consolidation, before fresh push higher.

Dips should be ideally contained at 117.3/116 K zone (rising 10DMA / current range floor), with potential deeper pullback to find firm ground at 112.7 / 112 K zone (20DMA / former top) to keep larger bulls in play.

120000; 121030; 123260; 127100.
 118400; 117300; 116000; 113500.