Bitcoin (BTC) is currently experiencing a consolidation phase near significant technical thresholds.
The cryptocurrency’s price movement is being influenced by broader macroeconomic factors, notably impacted by President Trump’s active pursuit of new trade agreements.
Key technical analysis indicates major resistance for Bitcoin remains positioned around the $120,000 level.
Conversely, critical support is established near the $116,300 mark.
This consolidation reflects market caution as traders assess evolving macroeconomic conditions.