Bitcoin (BTC/USD) shattered its May 22 high of $112,000 on July 10, 2025, setting the stage for a powerful move. Just days later, on July 14, $BTC roared to a new all-time high of $123,231.07_capturing the attention of traders and institutions alike.
๐ Retest Incoming? Here's What to Watch
From a technical analysis standpoint, a pullback to the $112K level isnโt off the table. In fact, it may be a healthy reset before the next leg up.
๐ก Key Level to Watch: A drop below $116K could be the first red flag, suggesting a dip back to $112K is brewing.
๐ Price Squeeze: BTC Trapped in a Tight Range
For now, $BTC appears to be consolidating in a contracting range between $122K and $116K. This squeeze is creating tension โ and the next breakout (up or down) could set the tone for the next big move.
๐งญ The Bottom Line
๐ Above $122K? The$BTC bulls are likely back in control.
๐ Below $116K? Expect a possible slide to $112K.
๐ In Between? Welcome to the calm before the storm.
#BTC120kVs125kToday #BTC #Write2Earn #TradingSignals #BitcoinForecast