According to @CryptoTony_, Bitcoin’s price is approaching a major resistance level, and a confirmed breakout above this threshold could set the stage for a rally toward the $120,000 target. Trading analysis highlights that reclaiming this resistance would signal strong bullish momentum, potentially attracting increased spot and derivatives trading activity on major crypto exchanges. Traders are closely monitoring volume and on-chain metrics to confirm the breakout, as sustained buying pressure at these levels is crucial for further upside (source: @CryptoTony_ on Twitter).

According to Crypto Rover, Bitcoin has formed a bullish cross, a technical indicator that historically precedes significant price rallies. This pattern suggests potential upward momentum with price targets approaching $120,000, as discussed in Crypto Rover’s latest post on May 14, 2025 (source: @rovercrc Twitter). Traders are monitoring this development closely, as bullish cross formations have previously triggered major breakouts in Bitcoin, often leading to increased trading volumes and renewed interest from institutional investors. Market participants are advised to consider this technical signal when planning entry and exit points, especially as the crypto sector shows resilient bullish sentiment following previous consolidation phases (source: @rovercrc Twitter).