🌍 Bitcoin ($BTC ) continues to shine as a dominant force in the crypto landscape this July. Currently trading around $108,100, BTC is hovering just below its all-time high of ~ $110,500 . This month shows typical seasonal strength—July often brings a ~7% average rise for BTC .
📈 Institutional interest remains robust: Bitcoin ETFs saw nearly $50 billion in inflows, with another $4.5 billion added just last week . Coupled with geopolitical concerns and dovish central bank policies, BTC is increasingly viewed as digital gold .
⚙️ On-chain, significant activity continues: dormant wallets from 2011 moved over 10,000 BTC each—potentially signaling reallocation of early BTC holdings . Additionally, analyst forecasts are bullish: Bitwise expects a 30% spike to ~$136,000 this month , while technical resistance lies near $114,000 before a potential 25% pump .
🔍 Key levels to watch: strong support between $106K–$108K, with resistance looming above $110K–$115K .
The macro backdrop remains favorable: inflation uncertainties, U.S. debt concerns, and ongoing ETF adoption all support Bitcoin’s ascent .
💬 Are you accumulating during dips, or waiting for a breakout above $110K+?
