Market Update — My Take on What’s Happening with Bitcoin
So, Bitcoin hit $118,856 on July 11 and now it’s holding steady around $117,504. That’s a massive 55% pump since the April lows — and guess what? The momentum is looking strong, especially with heavy support sitting between $116K–$116.5K.
💥 The big reason?
Institutions are diving in — $1.17 BILLION came in through ETFs in just a single day!
Also, long-term holders are stacking — over 248,000 BTC accumulated, which is the highest this year so far.
On top of that, regulatory progress is heating up with the GENIUS and CLARITY Acts, and Trump’s pro-crypto stance is bringing in even more positive energy to the market.
📊 Technicals?
RSI hovering between 60–65, MACD looking strong and bullish.
Analysts are eyeing $140K by the end of this year, and even throwing around a $500K target by 2030!
Short-term dips to $100K–$110K could still happen, but overall — the trend is UP.
🧠 Community vibes?
Binance fam is super bullish — over 90% of posts are showing confidence, mainly around institutional growth and solid technical structure.
👀 Eyes on the prize — I’m staying focused, and yes, I believe ATH is coming sooner than many think.
