#CryptoScamSurge

Bitcoin is trading at a price of $118,438 on July 24, 2025, with a market capitalization of $2.35 trillion and a 24-hour trading volume of $53.99 billion. The leading cryptocurrency recorded a price range during the day between $117,422 and $119,197, reflecting ongoing consolidation near historical levels. On the daily chart, Bitcoin remains in the defined upward trend, but recent price actions have shifted into a consolidation phase near the upper range. The formation resembles either a rising wedge or a bull flag, both of which are typically continuation patterns; however, the lack of follow-through volume raises questions about the bullish strength. Major support is accumulating between $116,000 and $117,000, while upward resistance is at $123,000. The technical bias remains neutral with a slight lean towards bullishness, as traders are watching for either a breakout above resistance or a breakdown below support to determine the next station. A breakout above $123,000, especially on volume, is likely to renew bullish momentum.