Bitcoin Still Well Below $118K — What’s Holding It Back?
July 18, 2025 — Bitcoin is still trading well under the $118,000 mark — and honestly, that number still feels like a dream for most investors. While some were hoping for a breakout year in 2025, the world’s most popular cryptocurrency continues to hover somewhere in the $50K to $70K range, depending on the day and the exchange.
So what’s going on?
Well, there’s a lot of uncertainty right now. Between global interest rate shifts, regulation chatter, and inconsistent momentum in the broader crypto market, Bitcoin hasn’t been able to build enough steam to push into six-figure territory.
There are definitely still bulls in the room. Plenty of long-term holders and institutional players are quietly accumulating, betting on a big move later this year or into 2026. But short-term sentiment? It's cautious. Volatility has picked up, and without a clear narrative — like we had during the 2020–2021 rally — the price action feels more like consolidation than a run-up.
Some analysts are watching key resistance around $72K. A clean break above that could bring new momentum and, eventually, higher targets. But for now, $118K remains just a number on the long-term wish list — not a current reality.
