Bitcoin Price Hits Key Resistance: $126K Trendline Caps Bullish Momentum

Bitcoin (BTC) faces a significant technical hurdle as it approaches a critical trendline resistance. This barrier, drawn from the $126,000 level, is currently limiting further price gains for the leading cryptocurrency. Market analysts are closely watching this key chart pattern, which has become a growing roadblock for the ongoing rally. The inability to break above this trendline could signal a period of consolidation or a potential pullback for BTC. Traders are advised to monitor volume and momentum indicators for signs of a breakout or rejection at this decisive juncture. The outcome will be crucial for determining Bitcoin's short to medium-term price trajectory.