Bitcoin’s SMA-120 Cross Indicates Potential Shift to Neutral-Bullish Market Phase

Key Points

1. Bitcoin’s SMA-120 crossing zero signals a potential market shift, indicating a neutral-bullish phase.

2. Key price supports at $105,000 and resistance at $110,500 identified.

3. Analysts suggest a neutral-bullish phase may attract new investors.

4. Bitcoin’s current price is $116,655.62, with a 1.83% increase in 24 hours and a 7.29% increase over the past 30 days.

5. Bitcoin dominates 60.02% of the market with a 24-hour trading volume of $66.66 billion.