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BTC Price Analysis: Trump Boosts Trade Deals as Bitcoin Consolidates Near $120,000 Resistance

2025-07-23 06:31:25

BTC Price Analysis: Trump Boosts Trade Deals as Bitcoin Consolidates Near $120,000 Resistance

Main Idea

Bitcoin (BTC) is consolidating near key technical levels as macroeconomic factors, including President Trump's trade agreements, influence its price movement.

Key Points

1. Bitcoin (BTC) is currently in a consolidation phase.

2. President Trump's active pursuit of new trade agreements is impacting the macroeconomic environment.

3. Key resistance for Bitcoin is positioned at $120,000.

4. Critical support for Bitcoin is established near $116,300.

Description

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