$BTC Current Bitcoin Price:

* Around $117,200, down about 4.8% from its recent highs of over $122,000.

Key Observations and Technical Indicators for Today (July 16, 2025):

* Price Action: Bitcoin experienced rejection near a major volume resistance zone after breaking above $122,000. It's currently retracing.

* Support Levels:

* $115,400 (Support 1)

* $112,400 (Support 2)

* Resistance Levels:

* $119,000 (Resistance 1)

* $122,000 (Resistance 2)