🔥 $BTC surpasses $119K after key breakout — heading towards $125K?
📊 Current price and clear technical structure
$BTC is quoted at $119,482, after breaking the resistance of $118,000 – $119,000 with strong volume. The price briefly consolidated and is now strengthening the bullish trend.
⚙️ Key factors
+ $4 B in inflows to ETFs in July, the strongest month of the year
BlackRock (IBIT) surpasses $83 B in AUM
The recent rally took BTC to its new high of $123K
Reduction in volatility reflects greater market maturity
🔧 Technical level of the day
📌 Intraday support: $118,000
📌 Immediate resistance: $121,000
🎯 Critical zone: maintain above $119,000 with volume confirming the next push towards $125,000
🌐 Institutional outlook / macro view
The growing adoption via ETFs, interest from crypto “prime brokers” like FalconX, and clear regulatory environment (Genius Act and Clarity Act) point to a structural institutional phase, not just speculative
Are we betting that BTC will reach $125K this week or is it just a technical bounce?
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