#BTC Market Brief (July 13, 2025)
up 0.93% in 24h
$120k acts as strong support amid record institutional inflows
Indicators: Bullish MACD, RSI at 78 (overbought)
Key Drivers
Institutional buys: BlackRock ETFs ($2.4B), Genius Group, El Salvador
Regulatory push: CLARITY Act, “Crypto Week” legislation
Market action: $1B+ short liquidations fueling rally
Trading Outlook
Support: $120K | Resistance: $122-123K
Dip-buy zone: $118-120K
Open interest +12%, $130K calls gaining traction
Sentiment
88% bullish, citing ETFs & regulation
Concerns: Bhutan sells 650 BTC, $468M in liquidations, RSI overheating
Headlines: BTC Breaks $120K | Institutions Surge | Bhutan Sells
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