If we are still in bull run, a price above $110000 will likely be the support. But will bitcoin be able to increase above the great resistance which is $120000?
Or do you think bitcoin will fall more than $110000?
Bitcoin price right now is $115380.
At what time are we talking here? End of this month or the next couple of months? This is not the first time that we have seen such big resistance and so it's just a matter of time before we can break that $120k and then remain at that price and it will be the support line. But I don't think that it's possible at the end of the month though. We have barely a week to do that. But perhaps it's possible in the next two month or so. And then we will have the final rally, last three months will be critical and it everything falls into pieces, prediction that a $150k or as high as $180k is possible. But if we talk about $120k resistance, it might take at least three attempts minimum to break that barrier. The only thing that I can see a short burst is that if we have a good news that will make the investors pour their money in an instant. But so far, I doubt that we will have such big news to push the price magically.