Market analysts assert Bitcoin must decisively overcome the $120,000 resistance mark with substantial trading volume to initiate a sustained bullish rally and enter a new price discovery phase. Technical indicators suggest such a confirmed breakout would signal renewed market confidence and trigger upward momentum.
Recent spot trading activity and Cumulative Volume Delta (CVD) metrics show tentative signs of accumulating buyer interest despite recent volatility. A falling wedge pattern breakout observed on charts further supports bullish potential if Bitcoin successfully retests and maintains the upper pattern boundary as support.
Critical to 2025 price discovery prospects is decisive confirmation through volume-backed price action. While current CVD indicates mounting buying pressure, declining spot volumes—falling from $9.2 billion to $8.6 billion—must reverse to demonstrate sustained demand and broad accumulation necessary for resistance breakthroughs.
Analysts warn that without robust volume validating a $120,000 breach, Bitcoin risks stalling its upward trajectory. The convergence of technical pattern strength and volume expansion is deemed essential for reigniting the crypto asset’s prolonged bull run.