🚀 Bitcoin holds strong above $118K as the breakout of the year is anticipated.
🔍 Analysis $BTC – Tomorrow (July 21):
BTC is trading at $118,247, with a slight increase of +0.09%, and firmly maintains its position near the ATH of $123K. The momentum has been supported by institutional inflows, especially through ETFs like BlackRock's that are accumulating capital heavily.
📈 Market attention is focused on the floor of $118K–$119K: maintaining that support is key. An organized close above $119,500–$120K could trigger an extension towards $122K–$125K or more, if the technical momentum persists.
📊 Key technical levels:
🔼 Resistances: $119,500 → $122,000 → $125,000
🔽 Supports: $116,800 → $115,000 (technical pivot at 4h)
🧠 Confirmed cup & handle pattern; strong MACD + RSI in higher timeframes
✨ According to Deutsche Bank and other analysts, this driver could push for a bullish continuation towards $134K if it surpasses the recent barrier of $123K.
