Recent Performance $BTC
The price of Bitcoin has risen to a new all-time high of $123,153 on July 14, supported by massive inflows into ETF funds and positive regulatory clarity in the United States.
Its price has recently retraced to around $117,000, following profit-taking from both sides: institutions and traders.
Analytical Trends
The price is currently ranging between support at $115,400–116,500 and resistance at **$122,000–123,000**.
Technical indicators (RSI, MACD, Supertrend) show neutral to slightly bearish signals, supporting the idea of confirming the support level before a move towards the next target around **$130,000**.
Technical Analysis (based on the image below)
The key support is located between $104K–$106K, with good alignment to the EMA 20/50/100 moving averages, providing a strong foundation for an upward bounce.
Current resistance is at $110.5K (Demand Area—Order Block), and it has been tested several times. Successfully surpassing it could push the price towards $114.5K–$125K.
Technical Indicators:
RSI is near 56, indicating moderate momentum without overbought conditions.
MACD recently had a bullish crossover, and the signal is positive, but it needs trading volume to support the breakout.
Bollinger Bands have started to expand as the price approaches the upper limit, enhancing the likelihood of directional movement, especially if the price holds near the limit.
