Comprehensive Analysis of Bitcoin on July 24, 2025:
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🧭 Current Situation
Current Price: ≈ $118,078, with daily fluctuations between ~117,400 and 119,200 dollars.
The index has seen a slight decline (-0.6%) from its historical peak above $123,000 reached about a week ago.
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📊 Technical Analysis
On the daily and weekly charts, indicators such as simple moving averages (50 and 200 days) show a clear upward trend, reinforcing the positive technical outlook.
The price is trading within a technical triangle pattern, with significant support near $116,500; if it bounces back from there, it may target resistance above $129,200.
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📰 Fundamental Driving Factors
1. Supportive U.S. Legislation
Congress is passing laws such as GENIUS, CLARITY, and the Anti-CBDC Act to clarify and regulate digital assets, and a government “strategic reserve” of Bitcoin has been established 🇺🇸.
2. Increasing Institutional Adoption
Bitcoin and digital assets have now become leading assets with a market cap exceeding $4 trillion.
Strong inflows into ETFs and institutional reserves enhance strategic demand.
3. Market Cycle Shifting Towards Alternative Coins
With anticipation surrounding Bitcoin, liquidity has started to shift to “altcoins” like Ethereum and XRP, which may increase volatility.
