#btcanalysis #cryptoanalysis #bitcoinprice
Bitcoin spent the week consolidating in the $118K–$119K range, following a brief dip and rebound from its all‑time high above $123K. The consolidation reflects a balance between strong institutional demand and subtle profit-taking near resistance.
📌 Weekly Highlights
- Market Price Action
After reaching $123,091 on July 14, BTC retraced slightly but found support around $116.5K, ultimately stabilizing around $118.6K Crypto DailyPintuPlus500ZebPayAInvestFX LeadersFOREX24.PRO. - Institutional Activity
MicroStrategy added 6,220 BTC, bringing its holdings to over 607,770 coins (~$43.6B)—solidifying its position amid regulatory momentum from the Genius Act and Clarity Act Barron’sThe Block. Trump Media also announced a $2B BTC treasury build (~66% of company liquid assets) in support of their upcoming utility token strategy Business Insider. - Technical Patterns
Bitcoin is forming a bullish pennant, suggesting a potential breakout toward $125K if volume and momentum return DailyForexFX Leaders. RSI and EMA signals remain supportive, while $116.5K acts as critical trendline support Economies.comU.TodayDailyForex. - Market Sentiment & Altcoin Trends
Reduced BTC dominance—last noted at lowest in 3 years—signals growing investor interest across altcoins like ETH (+3.7%), XRP, and SOL CoinDeskAInvestCoinDeskCoinDesk. ETH surged past $3,750, while XRP continues its breakout trajectory AInvestFX Leaders.
📌 ✅ Key Support & Resistance
| Zone | Level Range | Significance |
|---|---|---|
| Support | ~$116,500 | Pivot for next bounce or breakdown |
| Resistance | ~$120,000–$123,000 | Breakout zone toward fresh highs |
🚀 What’s Next?
- A clean break above $120K–$123K could trigger a move toward $125K+.
- A dip below $116.5K may risk deeper correction toward $110K.
- Continued ETF and corporate treasury inflows remain the primary driver for momentum.
- Watch for macro and regulatory updates that could shift sentiment rapidly.
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Crypto Astrology for this week
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