BTC hits all time high 🔥🔥
Market Snapshot
• Bitcoin reached $123,000 on July 14, pulling back to $117,346
• Current correction: 1.82% from peak
• ETFs show $50B inflows with BlackRock's IBIT holding $83B
• Historic Breakout confirms institutional demand
Key Catalysts
• Regulatory clarity: CLARITY Act classifies BTC as CFTC-regulated commodity
• Technical indicators: 49.2% long-short ratio shows bullish positioning
• Regulatory Shifts create framework for mainstream adoption
Trading Strategy
• Watch resistance at $120K, potential path to $140K
• Support levels: $115K-118K provide accumulation zones
• Community sentiment: 82.3% bullish vs 17.7% bearish
• Holding Sentiment shows traders balancing position scaling and profit-taking
The 20-25% projected upside aligns with on-chain metrics, but prepare for short-term volatility amid profit-taking.