Key Resistance at $130K Could Define BTC’s Next Move

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With BTC consolidating near $124,000, traders are eyeing $125,500 as the level that could launch “Phase 3 Price Discovery.” Crypto trader Jelle said, “Hold $120,000 over the weekend and I expect price discovery to resume as early as next week.”

However, analyst Skew warned that heavy sell orders cluster near $130,000 — the next critical resistance. Daily closes will be pivotal in confirming whether Bitcoin can sustain this momentum.

[EmTeam]

Bitcoin is holding firm near $124,000, and traders are watching $125,500 as the trigger for “Phase 3 Price Discovery.”
Analyst Jelle noted, “If BTC holds $120,000 over the weekend, we could see price discovery resume next week.”
However, Skew cautioned that strong sell walls are stacked near $130,000, making upcoming daily closes crucial for confirming trend strength.

[Nahid10]

BTC consolidation around $124,000 keeps traders on alert — $125,500 is the breakout line that could reignite momentum.
Crypto trader Jelle expects a fresh rally if support at $120,000 holds through the weekend, but analyst Skew warns of resistance at $130,000, where major sell orders could test bulls’ conviction.