📊 $BTC quotes around $118,200, consolidating its advance after reaching an intraday high of $119,380. The bullish trend remains strong, driven by strong institutional appetite and positive on-chain data.
🧠 Key factors: – +6.6B USD in net inflows to BTC ETFs in recent days
– BlackRock's ETF (IBIT) added +$496M just this week
– The network's hashrate reached a new all-time high, reinforcing confidence in security
– Glassnode data shows net withdrawals from exchanges, a sign of prolonged accumulation
📈 Technical level of the day:
• Key support: $117,000 – $117,500
• Strong resistance: $120,000 – $121,500
➡️ Exceeding $121,500 could trigger a rally towards $128,000 or even $135,000 in the event of post-ETF euphoria
💡 Outlook: Bitcoin consolidates in a bullish continuation structure, backed by solid fundamentals and strong institutional interest. If it maintains this pace, July could close with a new ATH.
👇 Are we seeing the last buying opportunity before the jump to $130K?
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