EU-US Trade Agreement May Influence Bitcoin as It Approaches $120,000 Resistance Level

Key Points

1. The EU-US trade agreement includes a $600 billion investment commitment from the EU, boosting market sentiment and crypto growth.

2. Bitcoin is approaching a critical resistance level of $120,000, reflecting market volatility during major geopolitical announcements.

3. Institutional investment is expected to enhance liquidity and market depth, though short-term fluctuations may persist.

4. Analysts highlight the $120,000 resistance level as a key indicator for Bitcoin's next market direction.

5. Historical data shows Bitcoin often experiences heightened volatility during significant geopolitical events like the EU-US trade agreement.