BITCOIN BACK IN PROFIT — GREED RISES, BUT THE $250K DREAM STAYS ALIVE
Bitcoin soared to a new all-time high of $122,838 on July 14 before retreating and stabilizing near $118,000. While momentum has cooled slightly, market sentiment remains bullish, with the Fear & Greed Index at 68, indicating healthy optimism without tipping into extreme greed.
Over the past 48 hours, Bitcoin has held firm above $118K despite short-term profit-taking dips to $116K. Importantly, $BTC has now re-entered the Logarithmic Growth Curve (LGC) resistance band—a key zone historically tied to profit-taking in previous bull markets.
This same light-pink LGC zone rejected Bitcoin in Dec 2024 – Jan 2025, similar to the January 2021 top. Its re-entry now signals the final build-up phase of the bull cycle may be underway.
According to TradingShot’s analysis on TradingView, the cycle peak is projected between October–November 2025, with potential catalysts like September’s expected US rate cuts influencing the final surge. If momentum holds and euphoria doesn’t peak prematurely, Bitcoin’s next leg could stretch toward $140K to $250K.
For now, consolidation above $118K is key. The dream of a six-figure BTC run isn’t over—it’s just getting warmed up.