Bitcoin is showing renewed bullish momentum after July’s highs, trading around $114k–$118k with rising volume and on‑chain accumulation. Short-term indicators are mixed: daily EMAs suggest support near the 50‑day (around $110k–$112k), while price above EMA(7/25/99) signals short-term strength. Key resistances sit at $115k, $118k and prior ATH near $122k–$124k; immediate supports are $114k, $112k and $110k. RSI shows mild bullish bias but with occasional bearish divergence, so momentum may pause. Volume profile highlights low activity zones near $110k–$112k, making that range a likely pullback area before any sustained climb. Analysts project possible swings toward $124k–$135k if momentum holds, though a dip to $110k–$112k could act as a springboard. Manage risk: watch $110k support and $124k breakout level for directional confirmation.
