Bitcoin Rally Pause Amid Geopolitical Fears, Eye Resistance for $126K
Bitcoin lately don stop to dey climb as war or gbege wey dey go up dey make investors no too believe. The crypto price drop 2.6% reach $116,620, e dey trade inside one narrow range wey be $115,025 to $121,853. For the past six months, BTC don climb pass 20%, but short-term people still dey cautious. The technical signs like weak RSI and stochastic dey show say e fit bounce back if Bitcoin fit cross the nearer resistance wey be $126,206 and the next barrier wey be $133,033. Traders dey watch these levels well well as market dey careful because of wahala wey dey happen around the world.
Bearish
Di pullback na show say sey di geopolitical wahala don high wey dey stop di bullish vibe, just like before wen international palava cause short-term fall for BTC. As price no fit hold pass key levels, traders fit go defensive position, wey go push price down more for short time. For long run, if e fit break $126,206 sharply, e fit bring back upward momentum, but until den market still dey cautious.