Bitcoin Faces $120M Resistance as Bullish Trend Hits Hurdle

While Bitcoin’s price surged from $75,000 to $104,000, a significant resistance point at $120 million has emerged. This challenge coincides with growing institutional investment and regulatory uncertainty. Institutional players such as Méliuz, a Brazilian fintech company, have significantly increased their Bitcoin holdings, while corporate giants like Eric Trump highlight the global enthusiasm for accumulating Bitcoin.