Bitcoin Faces Resistance, Will a Barrier Break Signal a Turnaround?

Bitcoin’s price continues its volatile journey as it struggles against persistent resistance. Industry expert Omkar Godbole highlights that this resistance point is crucial, potentially preventing Bitcoin from breaking past the $121,800 mark and leading to further selling pressure. Current technical analysis suggests a precarious market situation, with Bitcoin hovering around $115,000. Godbole emphasizes that achieving this significant milestone would be critical in reversing downtrends.