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Bitcoin faces resistance at $118,000 once again
Bitcoin once again ran into resistance
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Bitcoin once again ran into resistance at $118,000 and failed to break through this level. This indicates that the market currently lacks enough bullish momentum to push above $118,000, suggesting that the consolidation phase may continue and potentially open the way for a deeper pullback toward $107,000 and $105,000. Meanwhile, news emerged yesterday that Michigan lawmakers are reviewing a bill that would allow up to 10% of state funds to be invested in Bitcoin. The proposal, which has sparked heated debate
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Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
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Pavel Vlasov
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