Bitcoin Remains Bullish Despite Losing Key Support

Despite dropping below a significant support level, Bitcoin’s bullish trend persists. Institutional investors remain confident, evidenced by continued inflows into Bitcoin ETFs. Analysts highlight the $120,000 price zone as a key area of interest, where sell-side pressure is expected to intensify. This price discovery marks a pivotal moment for Bitcoin, as historical patterns suggest potential upward trends are likely following periods of volatility.