🔥 🌕 $BTC moderates to $114,800 while maintaining previous resistance
Current price: $114,856
Intraday change: +1.5 %
Intraday high/low: $114,880 / $113,003
Bitcoin slightly corrects from its peak around $123K, and is now operating within a technical consolidation between $113.5K and $116K. The price forms an ascending wedge on daily charts, which usually precedes a subsequent impulse.
📊 Key factors of the day 🔍
Bitcoin ETFs continue to capture capital on a large scale: in July they total +$14.8 B, with over $1.3 B in recent inflows*, and whales now hold 3.54 M BTC on-chain.
Despite recent outflows of $131 M from ETFs, the institutional trend remains strong; this, along with a 75 % rise since November, reinforces the structure.
Deutsche Bank highlights that Bitcoin is consolidating as a structural asset: clear regulations (GENIUS Act and Clarity Act), lower volatility, and adoption by public and private portfolios.
🔧 Key technical levels 📉
Support: $113K–$114K (channel base + technical buying)
Resistance: $115.5K–$116K
Critical zone: bouncing from $114K may reactivate the path towards new highs above $120K
🌍 Institutional outlook / macroeconomics
Firms like MicroStrategy and providers like BlackRock are leading an adoption that surpasses retail limits. The stabilization of the dollar and regulatory advancements facilitate long-term capital inflow, keeping $BTC as a flow center for other crypto assets.
Will you bet on a rebound before $120K or do you prefer to wait for a clear breakout above $116K? Comment below 👇
Receive real-time analysis and alerts:
