As X’s Crypto Rover shows, Bitcoin is under severe selling pressure around the 120,000122,000 region. TradingView charts show that BTC has attempted to reach this level several times since mid-2025 without success. Each rejection leads to profit taking and short-term corrections, indicating that sellers have a strong advantage around this range.
In recent weeks, buyers have pushed Bitcoin to more than $138,000, but that momentum has now stalled as the cryptocurrency returned to the same resistance level where previous bull runs peaked. Traders believe that the cut-off value is a psychological wall of $122,000, as this price is prone to large sell orders. If the bulls break through this ceiling with heavy volumes, analysts expect BTC to focus on 140,000 and even 150,000.
Technological setup favorable for critical tests
The current resistance band coincides with the Fibonacci retracement of 61.8% of the previous price movement, which increases the technical importance of this resistance band. The latest TradingView records show trading volume decreasing as Bitcoin approaches resistance. This trend usually indicates buyer indecision. According to on-chain statistics provided by Glassnode, there has been a surge in inflows to the exchange, which could indicate that some holders are trying to sell at the current high price. Meanwhile, the 50-day moving average is above 200-days, which is a positive sign of bullish formation but could indicate exhaustion if momentum slows.
Bitcoin market cycle and macro context
Bitcoin’s recent boom is a result of its halving in 2024, and in the past, reduced supply has caused price explosions. Additional exposure from institutional investors to ETFs and custodial services has further pushed the crypto market cap to over $3 trillion. Nevertheless, rising U.S. bond yields and tightening global regulations could dampen speculative demand. This resistance marked a milestone in Bitcoin’s 2025 bullish cycle for traders.
The post on Cryptocurrency Rover immediately sparked a reaction among traders on X. Other users are predicting a break into the 150,000 limit, with some speculating an even sharper correction at 110,000. Another trader said the bears are guarding this wall for their lives, with the sentiment that this zone will determine whether this year’s trend is down or up.
