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The price of Bitcoin continues to trade within an upward range in the short term, benefiting from its moving support at the simple average of 50, which enhances positive momentum and confirms the continuation of the upward trend.
The price is moving along a clear upward trend line, reflecting the buyers' control over the market currently, and preparing to attack the strong resistance at the level of $120,000, which represents an important barrier that must be broken to confirm the continuation of the rise.
On the other hand, momentum indicators have stabilized in positive areas after the previous overbought liquidation, which enhances the chances of completing the upward wave.
Support Levels:
$117,052: Important Horizontal Support
$114,586: Additional Key Support
Resistance Levels:
$120,105: Current Main Resistance
$120,872: Complementary Resistance
$123,099: Highest Expected Resistance in the Near Term
General Trend:
Upward as long as the price is above the trend line and the 50 average.
🔺 Likely Scenario: Testing and attacking the resistance at $120,000, and if it breaks, we may see targeting higher levels
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Digital Market Analysis: Are We Facing a New Season for Altcoins? The cryptocurrency markets witnessed significant and interesting transformations during July, with Bitcoin and Ethereum leading the scene, as Bitcoin achieved a historic milestone by reaching a market capitalization of $1 trillion for the first time. This achievement reflects the depth of increasing liquidity and the growing importance of Bitcoin in the global economic arena. But what does this mean for altcoins? Are we on the verge of a new season for altcoins?
⬆️ Update: Has the value of Ethereum risen sharply? No need to worry.
Analysts indicate that despite the sharp rise in Ethereum's price and the possibility of a short-term correction, the long-term momentum remains intact.
What are Tokenized Stocks, and how to invest in them?
The term tokenized stocks refers to the conversion of shares into digital tokens that are issued and traded on blockchain technology, like any cryptocurrency.
♦️How do they differ from traditional stocks?
Accessibility: Tokenized stocks can be purchased directly on blockchain platforms, often without the need for KYC procedures, making them available to a global audience.
A dormant Bitcoin whale activates and sells 80,000 coins after 14 years of holding them for $9.5 billion
A dormant Bitcoin whale has come back to life after 14 years, selling over 80,000 Bitcoin worth more than $9.5 billion. The wallet, which has been inactive since 2011, began moving its holdings in early July 2025, sending large amounts to Galaxy Digital and then to trading platforms like Binance and Bybit.
This holding dates back to 2011 when the whale bought Bitcoin at a price of approximately $0.78 per coin, with a total investment of no more than $132,000, resulting in an extraordinary return of over 72,000 times.
The sudden activity of this dormant whale has sparked speculation about a possible connection to the figure of Satoshi Nakamoto, the creator of Bitcoin, but no confirmed evidence has been presented so far.
This massive move has redirected market attention toward alternative currencies, especially with Ethereum recording an 8% increase over 24 hours, supported by notable liquidity movements from large wallets that withdrew massive amounts of Ethereum from trading platforms.
Estimates suggest that part of the proceeds from the Bitcoin sale may go toward investing in alternative currencies, contributing to positive momentum in the market during this period.
The XRP currency, the third largest cryptocurrency by market capitalization, has successfully surpassed the fast-food giant McDonald's in market value after its recent price increase.
The market capitalization of the cryptocurrency reached over 214 billion dollars, compared to McDonald's, which exceeded 211 billion dollars, after XRP rose by 2.40% in the last 24 hours, while McDonald's stock fell by 0.32% in the last 24 hours.
If XRP continues its remarkable rise, it may also surpass the British multinational bank HSBC and the giant automobile manufacturer Toyota.
XRP, the third largest cryptocurrency by market capitalization, has surpassed the fast-food giant McDonald's in market value following its recent price increase.
The market capitalization of the cryptocurrency reached over $214 billion, compared to McDonald's which exceeded $211 billion, after XRP rose by 2.40% in the last 24 hours, while McDonald's shares fell by 0.32% in the last 24 hours.
If XRP continues its remarkable rise, it may also surpass the British multinational bank HSBC and the automotive giant Toyota.
Here are the latest news about Bitcoin and the market:
📰 Latest news Recording new levels
The price of Bitcoin was around $120,000, with a difference of $123,166 last week, then gained approximately $119,000 today. Australian + 6 Reuters + 6 99 Bitcoin + 6 e24.no + 2 Barron's + 2 Barron's + 2 .
Fans are expected to continue to rise during the month, with some breakthroughs discovered at the $135,000 - $140,000 level in their near fruition.