$BTC 📈 Bitcoin (BTC)
💵 Current price: ~119,100 USD
📉 Intraday range: 116,776 – 119,524
📊 Trend: Lateral, consolidating after its recent all-time high at ~123,000
📌 Key support: ~118,000
📈 Key resistance: ~120,000
📌 Relevant news:
On Friday, July 18, President Trump officially signed the GENIUS Act, a law that regulates stablecoins and provides legal clarity to the crypto market.
This law prohibits interest on stablecoins, promotes transparency, and opens the door to greater institutional investment in crypto.
The possible vote on the Clarity Act is also expected this week, which would add a complete legal framework for digital assets.
It is speculated that the government is considering creating a strategic reserve of Bitcoin as part of its sovereign assets.
🔮 Weekly outlook: Solid consolidation. If it breaks 120k, it could retest recent highs.
$ETH Ethereum (ETH)
💵 Current price: ~3,844
📉 Intraday range: 3,711 – 3,849
🚀 Trend: Bullish
📈 Immediate target: 4,000
📉 Technical support: ~3,700
📌 Bullish factors:
Record revenue in ETH ETFs: +2.18 billion USD in one week.
Whale purchases: +500,000 ETH accumulated in the last two weeks.
Activation of the Golden Cross, reinforcing the bullish trend.
Analyst predictions:
Mark Newton (Fundstrat): 4,000 by the end of July
Tom Lee: 10,000–15,000 by the end of the year
Conservative forecast: 6,000–8,000
Weekly outlook: The technical and institutional rally suggests that ETH could soon exceed 4,000 if it maintains momentum.
Key news for this week
✅ GENIUS Act signed on Friday 18/7: provides legal certainty to the crypto sector, favoring flows into BTC and altcoins.
🏛️ Possible vote on the Clarity Act in the Senate, which could further expand institutional adoption.
💼 An announcement from the presidential group on a strategic BTC reserve is expected.
📊 Corporate adoption of ETH as a key digital asset is growing
