๐ Bitcoin Market Update โ July 24 ๐ฅ
๐ก Is $120K the next stop for BTC? ๐ง๐
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๐ Current Price: $118,646
๐ข 24h Change: Slight uptick (~+0.1%)
Bitcoin continues to show strong bullish momentum, and hereโs why:
๐น Institutional adoption is heating up
๐น Regulatory clarity is boosting sentiment (Genius Act, Strategic Bitcoin Reserve)
๐น Massive ETF inflows continue to support the price
๐น RSI still within room for growth ๐
๐น Market structure remains intact above $115K support
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โ ๏ธ Key Risk Levels:
Pullback zone: $115,000 โ $118,000
Resistance zone: $120,000 โ $123,000
A rejection around $120K could bring short-term volatility
๐ Pro Tip:
Set tight stop-loss below $115K, and keep an eye on the news cycle for regulatory decisions and ETF data.
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๐ง What's Your Take?
Will Bitcoin break through $120K this week?
๐ณ๏ธ Vote below:
๐ Yes, bullish trend continues
๐ฌ No, likely pullback
๐ฅ ATH coming soon!
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