📊 Brief analysis of BTC today (20 Jul 2025):
1. Price & Recent Volatility
Currently trading around ~118,100 USD, slightly down about –0.15% for the day.
Kiplinger
+8
YCharts
+8
changelly.com
+8
Price peaked during the day near 118,340 USD, bottomed around 117,476 USD – currently in a sideways phase after a recent strong rise.
Reuters
+2
YCharts
+2
The Economic Times
+2
2. Foundation supporting bullish trend
Just broke the historical peak of ~123,000 USD in the first week of July, thanks to a wave of supportive crypto legislation in the US (GENIUS Act, CLARITY Act...).
The Economic Times
+3
Investors
+3
The Economic Times
+3
Institutional capital continues to increase: Bitcoin ETF attracting billions of USD, creating a solid foundation for the long-term trend.
Reuters
+15
Wikipedia
+15
Kiplinger
+15
3. Risks and pull-back scenarios
Analysts point out the possibility of a correction to the range of 114–119 k USD to "fill gap" before continuing to rise to the target of 170–200 k USD.
Mitrade
+1
YCharts
+1
Market index (Fear & Greed around “Greed”) and gamma dealer may create short-term pressure.
Mitrade
🔍 Quick summary:
Perspective Assessment
Medium-term Still maintaining a strong upward trend, opportunity to surpass the mark of 130k – 170k USD if crypto laws continue positively.
Short-term Mild correction around the range of 116k–118k can be seen, no new breakout formed yet.
Pragmatic strategy Allocate a small amount to observe (wait-and-see), wait for the price to return to the support area (~114–118k) then consider buying more.
