$BTC Here are the key information about Bitcoin (BTC) today, Thursday, July 17, 2025 🟠 :

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‎📊 Current price and trend

‎- Price: Approximately $118,300

‎- Trend: Consolidation after a local peak at $122,000

‎- Critical zone: Bulls must defend the support between $115,000 and $116,000 to avoid a deeper correction

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‎📉 Technical indicators

‎- RSI (4H): 51.34 — neutral, sign of exhaustion

‎- MACD (4H): Bearish crossover — loss of bullish momentum

‎- VWAP (30 min): BTC is trading below the average, intraday selling pressure

‎- Bollinger Bands: Compression — possible volatility expansion to come

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‎🧠 Structural analysis

‎- BTC rejected the resistance of the bullish wedge at $122,000

‎- The chart shows lower highs, suggesting a pause or reversal

‎- A break below $115,000 could lead to a pullback towards $112,500, or even $109,000

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‎📉 Derivatives and market sentiment

‎- Derivatives volume: Down 14%, sign of cooling

‎- Options: Strong concentration around $117,000–$118,000, magnetic zone for prices

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‎🏦 Institutional and macro context

‎- Bitcoin ETFs continue to attract billions, boosting demand

‎- Institutions are buying more BTC than miners are producing

‎- The weak dollar and accommodative monetary policies support assets like BTC

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