$BTC
Before discussing the support and resistance for Bitcoin, which is currently making history, I will give you a summary of 10 years of experience in the crypto market. I believe that the currency $RWA is one of the very important currencies that should be in your portfolio and could rise from 0.003 to $15 soon, and this is not financial advice..
### Summary of Logical Analysis of Support and Resistance Levels in Bitcoin (BTC/USD)
Below is a brief logical analysis of the main support and resistance levels for Bitcoin based on historical price data, technical indicators, and trading volume, considering external influencing factors (as of July 23, 2025):
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#### **Main Support Levels**
1. **$116,000 - $117,612**
- **Reason**: A strong level that has witnessed repeated price bounces, supported by the 50-day moving average (around $116,500) and the lower boundary of the current ascending channel.
- **Importance**: Reflects strong demand and price stability at this level.
2. **$110,000 - $112,000**
- **Reason**: Previous resistance turned support after breaking through in June 2025, with high trading volume enhancing its significance.
- **Importance**: Critical support in case of a correction.
3. **$92,500**
- **Reason**: Previous historical low and an important psychological level.
- **Importance**: Possible last support in case of a significant drop.
#### **Main Resistance Levels**
1. **$120,000**
- **Reason**: A level that has recently rejected the price strongly, aligning with the upper boundary of the ascending channel, with overbought signals.
