By Chris Hollingworth 
Bitcoin’s Recent Price Movement and Key Resistance Levels
Bitcoin is currently in the process of a potential recovery from its recent dip to $112,000. However, the journey ahead may not be smooth, as bears are likely to present significant challenges at key resistance levels.
The first obstacle for Bitcoin’s recovery is expected to be at the $117,000 mark. This level has historically acted as a strong resistance point, where sellers have been active in pushing the price down.
If Bitcoin manages to overcome the $117,000 hurdle, the next major resistance level to watch out for is at $120,000. This psychological price point is likely to attract a lot of attention from traders and investors, potentially leading to increased selling pressure.
In conclusion, while Bitcoin is showing signs of a potential recovery, traders should be cautious of the strong resistance levels at $117,000 and $120,000. These levels could determine the short-term direction of the cryptocurrency and may pose challenges for further upward movement.
