Bitcoin price dey stuck for $116K–$120K after Putin-Biden summit
After di Alaska “Putin-Biden Summit” wey no end with any real agreement, Bitcoin price dey stuck between $116,400 and $119,200. People wey dey market talk say di talks be “upbeat but empty,” because dey still get gbege for geopolitical matter. Crypto market wahala increase, traders dey watch key support level at $115,000–$116,300 and big resistance at $120,000. Bitunix analysis dey warn say if price kuku drop below $115,000 e fit make am try test $112,300 again, but if dem fit hold ground for support e fit open road go $120,600, $122,600, and $124,700. Investors shud dey watch geopolitical gist well, because new tori fit change Bitcoin price move and market vibes quick quick.
Neutral
Di news no get neutral impact for how trading dey waka. Di summit wey no get any concrete agreement no cause gbege to give clear direction. For short term, di price of Bitcoin fit remain inside range, like how e be for past geopolitical stalemates like G20 meetings, wey market dey wait clear outcome before dem go commit. Traders fit use di support for $115,000–$116,300 do range trades, but dem go dey hesitate to push price high sharp sharp if new correct signals no show.
For long term, if geopolitical clarity come back or breakdown happen, e fit change people mind. E go be like before for US-China talks, if any sudden agreement or wahala happen, e fit make market quick rally or sell-off. Till dat time, market stability go depend on technical support and resistance levels, no be diplomatic progress.