Bitunix Analyst: BTC Eyes $120,000 Resistance After EU Trade Deal Boost, $115,000 Support Holds Strong
Main Idea
Bitunix analysts highlight Bitcoin's short-term price movement, with resistance at $120,000 and strong support at $115,000, following the EU trade deal's positive impact on market sentiment.
Key Points
1. Bitcoin faces significant resistance at $120,000, a critical barrier for upward price movement.
2. The $115,000 support level remains firm, acting as a pivotal floor to prevent sharp declines.
3. The EU trade deal has provided a short-term boost to Bitcoin, renewing market confidence.
4. Traders are advised to monitor the $115,000 support and potential breakout above $120,000 for directional moves.
5. The EU trade deal's impact on Bitcoin is expected to be short-term, with broader market factors influencing long-term trends.
Description
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