#BTC120kVs125kToday
Bitcoin Hits Record $123,091, Surpasses Amazon in Market Cap
On July 14,$BTC Bitcoin soared to a historic all-time high of $123,091, pushing its market capitalization to $2.39 trillion—overtaking Amazon. This surge follows a steady rise driven by optimism after the 2023 elections, the approval of Bitcoin ETFs, and increasing institutional investment, averaging 1% of assets under management (AUM).
ETF & Institutional Highlights
BlackRock’s IBIT now holds 700,000 BTC (worth $83B), outperforming traditional gold ETFs.
Corporate treasuries are growing their holdings—MicroStrategy and Strategy Inc. together own 597,000 BTC.
The Wisconsin state pension fund’s $160 million investment underscores broader institutional acceptance.
Regulatory clarity has improved, aided by the GENIUS Act.
Market Outlook & Trading Signals
Bitcoin is currently trading at $120,167 with bullish sentiment at 88.4%.
Technical indicators: MACD shows strong upward momentum, while RSI at 78 signals potential short-term overbought conditions.
Key price levels: support between $115K–$118K; resistance at $130K.
Forecasts suggest Bitcoin could exceed $200K by Q4 2025 if current inflows persist.
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💬 COMMENT: Will BTC smash through $130K next?
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