According to @CrypNuevo, BTC may enter consolidation with choppy price action for some days below $120,000 as liquidity builds before the next leg, source: @CrypNuevo on X, Aug 17, 2025. The analyst states that a clean reclaim and sustained hold above $120,000 would confirm bullish continuation and likely drive a meaningful move higher, source: @CrypNuevo on X, Aug 17, 2025. Traders can focus on the $120,000 reclaim-and-hold trigger as confirmation, while expecting range-bound conditions until that level is secured, source: @CrypNuevo on X, Aug 17, 2025.

According to glassnode, the latest Week On-Chain report highlights a significant rise in Bitcoin investor spending and exchange volume, indicating increased market activity. Surging derivatives trading also points to heightened speculative interest. Glassnode identifies $120,000 as the next major resistance level for BTC, emphasizing this price zone as a key area for traders to monitor. These trends suggest that Bitcoin's current momentum could either mark the start of a new bullish phase or signal upcoming volatility. Traders should closely track these metrics for actionable signals. (Source: glassnode, May 28, 2025)