The crypto market is riding a historic wave today. $BTC Bitcoin has smashed through $120,000, reaching peaks near $122,500, fueled by strong institutional demand via ETFs and pro-crypto policy tailwinds . $ETH Ethereum has surged alongside, trading above $3,040, breaking past key resistance levels .
Key drivers behind this momentum:
American “Crypto Week” (July 14–18) is bringing regulatory clarity, with bills like the GENIUS Act and Clarity Act expected to cement crypto oversight frameworks .
Institutional adoption continues its ascent, backed by $14B+ inflows into Bitcoin ETFs and major corporations issuing spot BTC; this suggests growing mainstream validation .
📊 Technical Snapshot
Bitcoin (BTC)
Key supports: $117,800–118,300, $115,800
Resistance zones: $121,900–122,600, with targets stretching to $135,000–146,000 if momentum sustains .
Ethereum (ETH)
Solidly above $3,000. The breakout past $2,800–3,000 opens targets near $3,250–3,320+. Key supports lie at $3,040 and $2,800 .
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🔔 Trading Signals - 14 July 2025
Here are actionable scenarios derived from current setups and classic risk/reward tactics:
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1. BTC Spot Breakout Play
Entry: Buy on dips near $121,500–122,000 if price holds above resistance turned support.
Targets:
Take profit at $135,000 (≈ 10–12% upside)
Next zone: $146,000, based on technical projections.
Stop Loss: Set below $119,000 (below key 50-day MA).
2. ETH Momentum Swing
Entry: Long near $3,050–3,080, ideally on a pullback.
Targets: $3,250 first; extended objective $3,320.
Stop Loss: Under $3,040.
3. Altcoin Bounce: XRP / SOL $XRP
XRP targeting $3.00–3.10, buy dips near $2.80.
SOL trading near $167, with potential to test $180–185.
Use tight stop losses (5–7%) to manage volatility.