#BTCPricePredictions $BTC
Here’s a quick breakdown of Bitcoin’s current status (as of today, July 23, 2025):
💵 Price Overview:
Trading around $118,860 USD, with a modest ~1.4% increase on the day .
Intraday range swings between $117,100 and $120,256 .
📊 Recent Trends & Key Levels:
The 24-hour low/high has been roughly $116.5K / $119.5K .
$BTC is “pinned” just below the psychologically crucial $120K mark—a resistance that it’s been testing .
Analysts note a consolidation phase with potential breakout patterns forming, like a bull pennant, which might push BTC toward $136K+ if confirmed .
📰 What’s Happening in the Market:
The FBI has reportedly ended its investigation into Kraken co-founder, signaling a calmer regulatory environment .
Spot Bitcoin ETFs saw a brief pause after a 12-day inflow streak, indicating some profit-taking near all-time highs .
Market commentary also highlights some profit-locking in altcoins, with Bitcoin remaining stable around the mid‑$118K range .
