Bitcoin Faces Potential Sell-Off Near $120,000 As Profit-Taking Rises, Glassnode Warns

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Bitcoin Faces Potential Sell-Off Near $120,000 As Profit-Taking Rises, Glassnode Warns

benzinga.com/markets/cryptocurrency/25/05/45665808/bitcoin-faces-potential-sell-off-near-120000-as-profit-taking-rises-glassnode-warns

Bitcoin's (CRYPTO: BTC) steady rally to a new all-time high of $111,000 may soon face significant headwinds, according to new on-chain data from Glassnode.
What Happened: The analytics firm highlights $120,000 as a critical price level where historical trends suggest a sharp increase in…

This story appeared on benzinga.com, 2025-05-29 11:11:57.