Bitcoin Investors Experiencing Anxiety After Price Struggles to Push Beyond $120,000 barrier

In the world of cryptocurrencies, the market is currently in a state of neutral sentiment as traders eagerly await a breakout or deeper pullback. This comes as Bitcoin, the leading digital asset, has seen a slight decline of 0.38% over the past 24 hours, currently trading just below its all-time high at $117,679.

The recent hesitation near a key resistance level at $120,000 has raised concerns among bulls, but some experts remain optimistic. CryptoQuant CEO Ki Young Ju, for instance, suggests possible support levels for Bitcoin at 115,700 and 111,000. Lennaert Snyder, another crypto analyst, supports this notion, stating that if Bitcoin goes lower, $111K/112K could be ideal for adding long positions.

Meanwhile, Ethereum (ETH) has smashed its resistance, potentially indicating a move towards $5K. This bullish sentiment could signal a positive trend for the broader crypto market, which is currently facing volatility amid key Fed speeches and data.

Elsewhere in the market, Cardano (ADA) is being tipped to potentially smash the $0.88 mark, with a rally towards $1.20 following confirmation. This optimistic outlook could be influenced by the recent greenlight of a $200M Nasdaq and ETP plan for Sonic, a decentralised exchange built on the Cardano blockchain.

In other news, the Bank of China Hong Kong is seeking a stablecoin issuer license, signalling a potential increase in institutional interest in the crypto space.

The crypto market isn't without its challenges, however. A recent report has revealed that $163 million has been lost in major crypto security breaches in 2025. This underscores the importance of robust security measures in the digital asset industry.

In the meme coin sector, Dogecoin (DOGE) is eyeing a breakout, with $0.23 potentially sparking a bull run. Alex Spiro is set to head a $200 million Dogecoin treasury initiative, which could further fuel the coin's momentum.

Lastly, Steven McClurg is highlighting XRP's position in Wall Street, as the cryptocurrency continues to gain traction among traditional financial institutions.

The daily trading volume for Bitcoin stands at $68.1 billion, reflecting the ongoing interest in the world's largest cryptocurrency. Despite the market's current wait-and-see mode without a strong catalyst, the crypto market remains a dynamic and exciting space to watch.