Bitcoin Holds Steady Around $119K Amid Global Market Shifts ๐จ
#Bitcoin #CryptoNews #CryptoToday
Today, Bitcoin stabilized near the $119,000 mark after touching intraday highs above $119,600, buoyed by continued institutional demand and inflows into spot Bitcoin ETFs ๐๐ฐ .
๐ Market Drivers:
U.S. inflation data softened rate cut bets, causing the dollar to surge and sending mixed signals to risk assets, including crypto .
Wall Street inflows continue: recent data shows strong traditional finance interest in Bitcoin, with institutional money pushing this cycleโs performance .
๐ Snapshot:
24h high: ~$119,660
24h low: ~$117,510
24h BTC price: ~$119,000, up ~1.7% today
Analysts suggest BTC faces resistance near $122Kโ123K. A breakout above this could open targets toward $125K+, while any pullback risks testing support near $115Kโ117K.
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โ What Traders Should Watch:
Key resistance levels: ~$122Kโ123K
Support zones: $115Kโ117K โ look for buying opportunities on dips
Macro signals: Stay alert to U.S. inflation and Fed commentary; these could reshape crypto flows
