🚨$BTC Bitcoin Nears $120K — Market at a Critical Juncture! 🚀💥
Bitcoin surged to $119,444 on July 13 and is now trading around $119,061 (+1.5% in 24h) 📈. A massive 10,000 BTC sell wall is acting as a barrier just before $120K — making this a pivotal moment for the bulls vs. bears 🧱⚔️
🔑 What’s Fueling This Rally?
📊 Institutional Demand: Over $15B poured into Bitcoin ETFs, with BlackRock’s IBIT leading at $448.5M 💼
📜 Regulatory Boost: The GENIUS Act passed, giving a green light to stablecoins ✅
🏦 Supply Crunch: 63% of BTC now in institutional hands (was 50%) — supply drying up 🏁
📉 Technical View: MACD still bullish 🔥, but RSI signals overbought — caution ⚠️
💹 Trading Outlook
📉 Support Levels: $115,500 – $116,500
🔥 Shorts Wrecked: $22M in liquidations as bulls break out 🧨
🎯 Target Zone: $150K–$200K by year-end if demand holds strong 📆
🧠 Risk Reminder: Expect profit-taking near $120K — psychological resistance is real 😮💨
🎯 Signal Zone:
📌 Accumulate on dips near $115,500 – $116,500
🛡 Maintain hedges for volatility around $120K
📊 Track ETF inflows — major driver of momentum
📢 Stay smart, not just bullish. $BTC has room to run — but don’t ignore resistance walls! ⚖️