Bitcoin (#BTC ) touched $123,000 on July 14, 2025, and is now comfortably moving between $117,000-$122,000 with a solid 12% gain over the week. This current price discovery phase really shows how Bitcoin is maturing into a serious global financial asset.
🚀 What’s Fueling the Move:
ETF Inflows have crossed $14.4 billion this year, with $1.69 billion flowing in just before we hit the all-time high.
BlackRock’s Bitcoin (#BTC ) Trust is now managing a massive $80 billion in assets.
Regulatory tailwinds like the GENIUS Act and rising Bitcoin reserves are building long-term confidence.
Technical breakout on the charts, especially the bull flag formation, is hinting at a possible run towards $135,000.
📈 Indicators I’m Watching:
Bollinger Bands are showing a 70.37% success rate for upside moves.
RSI is slightly overheated, signaling short-term overbought conditions.
USDT Long/Short Ratio is at 0.42, suggesting things are quite balanced at the moment.
Binance Square sentiment is 67.65% bullish — the community is clearly feeling positive.
🔍 My Gameplan & Outlook: I’m keeping a close eye on whale activity — especially after that 48,000 #BTC transfer. The $110K-$112K range looks like key short-term support. Despite retail traders being a bit slow, the technical setup points toward a possible surge to $135K.