Bitcoin May Need Higher Volume to Break $120,000 Resistance and Enter Price Discovery Phase

Key Points

1. Bitcoin must surpass the $120,000 resistance with strong volume to confirm a bullish trend and trigger a new rally.

2. Spot trading volume and cumulative volume delta (CVD) metrics indicate renewed buyer interest, which is critical for a breakout.

3. A falling wedge breakout suggests potential for a strong rally if Bitcoin retests and holds the upper boundary as support.

4. Analysts highlight that breaking $120,000 with higher volume is essential for Bitcoin's price discovery in 2025.

5. Declining spot volume (from $9.2B to $8.6B) needs to reverse to confirm broader accumulation and demand-side pressure for a breakout.