📊 Bitcoin Market Summary ($BTC ) - Close of July 16, 2025.
The day closed with a slight recovery in the price of Bitcoin, following the previous day's correction. The asset showed signs of consolidation in a key technical zone.
• Technical rebound after the drop on July 15 • Increase in derivatives volume (+31.78%) • Mixed technical indicators: RSI neutral-bearish, MACD bearish.
🌍 External context:
• The crypto market in general showed a partial recovery, with altcoins like $ETH and $SOL also on the rise.
📉 After the highs recorded in the first half of July, $BTC seems to be consolidating gains in a key technical zone between USD $115000 and USD $118000. Some traders are observing possible rebounds if the close exceeds USD $119000 with strength
🔴 Current price: ~$117k 📊 Daily variation: -2.36% 🐋 Whale movement: +80000 BTC this week.
📌 Quick summary: Bitcoin is moving in consolidation mode between $110k and $122k. While the recent rally driven by favorable monetary policies remains latent, traders are beginning to see signs of fatigue in the bullish momentum. Is a correction on the horizon? There is still no consensus.
🔎 Key technical points: • Strong support at $110k • RSI showing mixed signals • Volatility rising due to institutional accumulation
📈 What now? Price action could be defined this week if volume remains high and the macro environment continues to support cryptocurrencies as a store of value.
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Bitcoin closed the day at USD 119,890, consolidating a new intraday all-time high of USD 123,217. The momentum was driven by strong institutional inflows and regulatory optimism surrounding "Crypto Week" in the U.S. The market capitalization reached USD 2.44 trillion, surpassing Amazon as the 5th most valuable asset in the world.
🔷 Key closing data:
• Daily variation: +0.65% • Liquidated volume: USD 753 million, mostly in short positions • BTC dominance: 66%, with signs of consolidation.
Bitcoin (BTC) started the week with strength, marking a new all-time high above USD 123000, with a positive variation of +3.40% in the last 24 hours.
• Key factors:
° Institutional inflows exceeded USD 1000 million for the second consecutive day. ° Volatility remains low, suggesting accumulation and possible bullish continuation. ° BTC consolidates as a global store of value, surpassing Amazon as the 5th most valuable asset in the world.
⚠️ Although the momentum is strong, analysts warn of possible corrections if the RSI remains in overbought territory.
#Altcoins! I don't analyze any currency other than Bitcoin (BTC), but I am aware of the dominance that BTC is about to lose (the end of the post-halving bullish cycle will come soon). That said, I’ll share my thoughts on XRP since a post I saw caught my attention.
$XRP weekly breaking a bearish trend line that starts from January 16, 2025. On July 10, it breaks this dynamic ceiling and doing so activates a flagpole that projects its price to 14.5 USDT.
📊 Weekly Summary of Bitcoin (BTC) Week of July 7 to July 13, 2025
🔹 Current Price: BTC is trading around USD 119,000, after reaching a new all-time high of approximately USD 118,850 on July 11.
🔹 Weekly Variation: +9.05%, driven by strong institutional inflows and positive regulatory expectations.
🔹 Volume: Significant increase. Spot ETFs recorded over USD 1.180 billion in net inflows.
🔹 Key Support: USD 109,000.
🔹 Technical Resistance: USD 120,000, projected target by analysts for the current impulse wave.
📈 Highlighted Fundamentals:
. Institutional: MicroStrategy and corporate funds continue to accumulate BTC.
. Geopolitics: The “Crypto Week” in the U.S. Congress generates favorable regulatory expectations.
📌 Conclusion:
Bitcoin is in a bullish consolidation phase, with strong fundamentals, increasing institutional pressure, and technical signals pointing to a possible breakout towards USD 120,000. The market is closely watching key levels and volume to confirm the next move.
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#BTCBreaksATH $BTC #BinanceHODLerLA Bitcoin continues to consolidate its position as a leading asset in the crypto ecosystem, currently trading near USD 118500, just 5% below its all-time high in May.