$BTC 📊 QUICK ANALYSIS – BITCOIN (BTC/USD)

🕒 Updated on July 23

💰 Current price: $117,967

📈 Current market status:

Bitcoin continues in a clear bullish structure, operating within a consolidation flag after hitting recent all-time highs in the $123,000 range.

Today the price fluctuates between $117,950 and $120,250, showing slight intraday bearish pressure but without breaking the key support of $116,000, which keeps the bullish continuation scenario intact.

📌 Key zones

Immediate resistance: $119,500 (flag top)

Next bullish target: $122,000 – $123,200

Main support: $116,000

Critical support: $114,300 (last line of trend defense)

📊 Technical indicators:

RSI (30 min): ~42 → still room for momentum before overbought

MACD: Slightly negative but stable

Volume: Stable, without strong selling pressure

EMA 100 / 200: Price operating above (healthy structure)

🧠 Extended conclusion:

“Bitcoin is in a consolidation phase above $117,000 after marking all-time highs. The structure remains bullish as long as it does not break $116K. If it breaks $119,500 with volume, a new bullish expansion towards $122K–$123K is likely. This phase could be preparing the next leg of the rally, driven by ETFs, institutional flows, and accumulation on exchanges.”

📌 TRADING SIGNAL – BTC/USD

✅ Entry (LONG): $117,800 – $118,000

🔒 Stop-Loss (adjusted): $116,600

🎯 Suggested Take Profits:

TP1: $119,500

✅ Probability of fulfillment: 75%

TP2: $122,000

✅ Probability of fulfillment: 60%

Extended TP: $123,200

⚠️ Probability of fulfillment: 40%