Bitcoin ($BTC ) has recently reclaimed bullish momentum, trading above $118,000 after rebounding from the $115,700 support zone. This recovery is supported by strong institutional inflows into spot Bitcoin ETFs and favorable regulatory developments, contributing to sustained investor confidence .
Technical analysis indicates that Bitcoin has surpassed key resistance levels, with the next significant hurdle at $120,500. If the price maintains its current structure and breaks above this resistance, a move toward $125,000 is plausible . Momentum indicators, such as the MACD and RSI, continue to support the bullish outlook, suggesting that short-term buyers are gaining control .
As of July 16, 2025, Bitcoin is trading at approximately $118,157, reflecting a 0.95% increase from the previous close. The intraday high and low are $118,330 and $115,930, respectively.
