Bitcoin is trading just below a crucial resistance level after multiple failed daily close attempts. Analyst Crypto Patel says a daily close confirmation will decide the next move. $120K Emerges as Bitcoin’s Make-or-Break Level In a post on X, Crypto Patel described $120,000 as a decisive level for Bitcoin, noting that a close above it could open the path toward $150,000. However, he noted that a failure to break through may lead to a drop to $111,000 and even to $100,883. He pointed to repeated daily close rejections at this price zone as evidence of its strength as resistance. Other Analysts Predict Next Bitcoin Move Meanwhile, a chart shared by crypto expert Crypto Rover shows Bitcoin is flashing a strong bullish signal after completing and confirming an inverse head and shoulders pattern on the daily chart, with the neckline in the $110,000–$113,000 range now acting as key support. Crypto Rover predicts Bitcoin move Following a breakout in late July and a successful retest in early August, the price has rebounded to the current price. Technical projections pointed towards the $130,000 level if momentum continues, a price analyst Jelle earlier predicted. Crypto Rover is super bullish on Bitcoin’s trajectory, which could see Bitcoin reaching a new all-time high if it clears resistance at $121,500–$123,000. Bull Flag Breakout Signals Further Upside Potential Also, Bitcoin has confirmed a bullish breakout after daily closing above the top of a multi-week bull flag and flipping the $117,800–$118,300 zone into support. Analyst Rekt Capital highlighted that BTC has also logged its first-ever daily close above the $120,000 level, positioning the price for a potentially volatile retest of this key psychological and technical threshold. Rekt Capital predicts a Bitcoin move A sustained hold above $120,000 will likely open the door toward $123,000–$125,000, while failure to defend the $118,000 support could risk invalidating the breakout. Interestingly, XForce Global had earlier pointed to a possible short-term Bitcoin pullback after a 5-wave impulse from $112K to $122K, but keeps a bullish outlook. He noted that Bitcoin holding above the $115,000 could set up a rally past $121K–$123.5K toward $140K–$148K in a larger wave three. Notably, his prediction is similar to analyst CrediBULL’s $150,000 projection.