Bitcoin Battles Resistance: Price Climb Faces Key Hardship

Bitcoin continues its bullish climb, but faces a significant challenge as resistance mounts around the $120 million mark. According to BlockBeats, Coindesk analyst Omkar Godbole highlights this crucial obstacle in Bitcoin’s order book, as bulls try to maintain a classic upward trend. Since April 9th, Bitcoin’s price has soared from approximately $75,000 to $104,000, demonstrating a 38% increase fueled by eased trade tensions and increased investment activity from major players.