As of today, July 18, 2025, Bitcoin shows a strong upward trend. The price has stabilized above $120,000 and maintains positive momentum. The main factors supporting this growth are:
- Growth of global liquidity: An increase in the money supply stimulates demand for assets with limited supply, such as Bitcoin.
- Political support: The announced "crypto-friendly" legislation in the U.S. Congress fosters positive expectations among investors.
- Institutional interest: Large corporations and investment funds are actively purchasing Bitcoin, increasing demand.[1]
Technical Indicators
Analyzing technical indicators, the following important points can be highlighted:
- Support at the $120,000 level: Several attempts to break above this level have been successful, indicating strong support.
- ETF dynamics: The registration of inflows into Bitcoin ETFs ($799.4 million just on Wednesday) confirms interest from major players.
- RSI Indicator: Fluctuation of the RSI index around the midpoint is expected, which may indicate the formation of a sideways trend.[5]
Possible Scenarios
Optimistic Scenario
- Break of the $120,000 level and consolidation above it.
- New impulse to the $135,729 mark.
- Potential rise to $150,000 with sufficient buying volume.
Conservative Scenario
- Formation of a sideways channel between $115,000 and $123,218.
- Probability of a short-term consolidation before a new move.
Negative Scenario
- A strong breakdown of the $110,530 level downwards.
- Risk of falling to $105,000, which could signal a trend reversal.
Conclusion
In the next two days, a bullish sentiment is expected to be maintained. However, investors should be prepared for a possible correction, especially if the price cannot hold above $120,000. It is important to monitor technical levels and news affecting the market.
