The post Bitunix Analyst: BTC Eyes $120,000 Resistance After EU Trade Deal Boost, $115,000 Support Holds Strong appeared on BitcoinEthereumNews.com.

The recent EU trade deal has provided a short-term boost to Bitcoin, with the cryptocurrency facing resistance near $120,000 while maintaining strong support at $115,000, according to Bitunix analysts. EU trade agreement triggers immediate BTC price surge. Bitcoin encounters resistance at the critical $120,000 level. Support at $115,000 remains firm, indicating potential for sustained momentum. Bitcoin gains short-term momentum from EU trade deal; resistance at $120K and support at $115K key for traders. Follow COINOTAG for updates. How Does the EU Trade Deal Impact Bitcoin’s Short-Term Price Movement? The EU trade deal has catalyzed a notable short-term increase in Bitcoin’s price. Bitunix analysts report that the agreement has injected renewed confidence into the market, driving BTC closer to the $120,000 resistance level. This surge reflects heightened investor optimism influenced by improved trade relations within the European bloc. What Are the Key Resistance and Support Levels for Bitcoin Post-Deal? Bitcoin currently faces significant resistance at $120,000, a psychological barrier that has capped upward momentum in recent trading sessions. Conversely, the $115,000 support level has held firm, providing a safety net that could prevent sharp declines. These levels are critical for traders monitoring BTC’s next directional move. Why Is the $115,000 Support Level Crucial for Bitcoin’s Stability? The $115,000 support acts as a pivotal floor for Bitcoin’s price. Should this level hold, it signals sustained investor confidence and reduces the risk of a steep correction. Bitunix analysts emphasize that maintaining this support is essential for BTC to attempt breaking through the $120,000 resistance barrier in upcoming sessions. What Are Expert Opinions on Bitcoin’s Outlook After the EU Trade Deal? Industry experts from Bitunix highlight that while the EU trade deal boosts short-term sentiment, Bitcoin’s ability to surpass $120,000 depends on broader market factors including macroeconomic trends and regulatory developments. The consensus suggests…

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Filed under: News - @ July 28, 2025 1:21 am