💥 $BTC remains above $118K while awaiting a new impulse after the ATH
Current price and technical structure
Bitcoin is trading at approximately $117,980.
Throughout the day, it has fluctuated between $116,990 and $119,340, re-entering the technical range between $118K and $120K.
Key factors
The rally to all-time highs was supported by expectations of new rate cuts by the Fed and a favorable regulatory framework that promotes institutional adoption.
However, inflation pressure (higher than expected PPI data) triggered a correction of ~2%, also affecting ETH, SOL, and XRP.
Despite the momentary setback, the bullish momentum remains intact, given the institutional backing and the narrative of increasing scarcity.
Technical level of the day
Proximity support: $117,000–$118,000
Immediate resistance: $120,000–$120,300
The path is open—if BTC manages to stay above $118K, it could re-test the $120K+ level, although a drop below $117K could lead to a correction towards $115K.
Institutional / macroeconomic outlook
Experts such as those from Deutsche Bank identify three credible factors behind the momentum in BTC:
Regulatory clarity
Growing institutional capital (including BTC ETFs)
Expectations of rate cuts
—this environment supports a long-term structural bullish narrative for Bitcoin.
Will $BTC recover $120K tonight or continue consolidating below that threshold? Comment here 👇
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