$BTC Bitcoin Market Analysis: Japan Tax News vs Price Action

Around 18th, 19th, and 20th December, there was a lot of discussion in the market about Japan planning to impose new crypto taxes. Many traders believed that this news would push the market downwards, and fear started spreading across social platforms.

However, price action tells a different story.

Despite the negative sentiment, Bitcoin is still holding strong and moving upward. This shows that the market has already absorbed the news, and smart money is not reacting emotionally.

Currently, the major resistance zone is around 94,000.

This level has been tested multiple times.

If 94K resistance breaks and holds,

Bitcoin can continue its upward move, and we may see further bullish momentum.

If rejection happens at this level, a short-term pullback is still possible, but the overall structure remains strong.

Key Takeaway

Market does not always move according to news — price action is king.

Right now, Bitcoin is showing strength despite negative headlines, which is a bullish sign.

Always wait for confirmation, manage risk properly, and don’t trade based on fear.