Bitcoin Update — July 21, 2025

Despite the recent volatility, Bitcoin closed weekly at 116,462 within the support range of 115,726 – 118,492, which keeps the positive outlook.

■ Current Situation:

The price is currently moving above the support of 115,726 – 118,492, and if it holds above, it will retest the resistance at 121,360 – 122,763 at the current peak.

If it breaks above 122,763 and holds above it, a move towards the next resistance at 132,000 is expected, then 157,000, God willing.

However, if it fails to hold above 115,726 – 118,492, the price may try to test the next support level at 111,844.

■ Initial Targets:

First Target: 122,763 (+3.4%)

Medium Target: 132,000 (+11.2%)

Long-Term Target: 157,000 (+32.1%)

■ Current Supports:

(115,726 – 118,492) (−2.5% to −0.2%)

(111,844) (−5.8%)

■ Summary:

The price is still moving in an upward direction and maintains important support.

Holding above the current support area will support the continuation of the rise.

Breaking the support may push the price to retest lower levels.