Update #Bitcoin — July 14, 2025

Despite previous declines, Bitcoin closed weekly at 119,096 after breaking the resistance at 111,963, which we had mentioned in the previous post, reaching 122,000 as we targeted by God's grace.

■ Current Situation:

The price is currently moving above the support at 111,963, facing resistance at the current peak of 123,260.

If it breaks 123,260 and stabilizes above it, it will re-test the next resistance at 132,000 and then 157,000.

If it fails to stabilize above 111,963, the price may attempt to test the current support at 108,000 — 106,000.

■ Initial Targets:

First Target: 123,260 (+3.5%)

Medium Target: 132,000 (+10.9%)

Long-term Target: 157,000 (+31.8%)

■ Current Support:

(111,963) (−6.0%)

(108,000 — 106,000) (−9.3% to −11.0%)

■ Summary:

The price is moving in an upward direction and is currently testing significant resistance.

Breaking the resistance and stabilizing above it will support the continuation of the rise towards higher targets.

Failure to stabilize may push the price to test support levels again.