$BTC Here are the key information about Bitcoin (BTC) today, Thursday, July 17, 2025 đ :
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âđ Current price and trend
â- Price: Approximately $118,300
â- Trend: Consolidation after a local peak at $122,000
â- Critical zone: Bulls must defend the support between $115,000 and $116,000 to avoid a deeper correction
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âđ Technical indicators
â- RSI (4H): 51.34 â neutral, sign of exhaustion
â- MACD (4H): Bearish crossover â loss of bullish momentum
â- VWAP (30 min): BTC is trading below the average, intraday selling pressure
â- Bollinger Bands: Compression â possible volatility expansion to come
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âđ§ Structural analysis
â- BTC rejected the resistance of the bullish wedge at $122,000
â- The chart shows lower highs, suggesting a pause or reversal
â- A break below $115,000 could lead to a pullback towards $112,500, or even $109,000
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âđ Derivatives and market sentiment
â- Derivatives volume: Down 14%, sign of cooling
â- Options: Strong concentration around $117,000â$118,000, magnetic zone for prices
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âđŠ Institutional and macro context
â- Bitcoin ETFs continue to attract billions, boosting demand
â- Institutions are buying more BTC than miners are producing
â- The weak dollar and accommodative monetary policies support assets like BTC
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