🚨 Bitcoin remains firm above $119K–$120K: Ready for a new rally?
Bitcoin is trading around $119,170–$119,200, remaining dynamic after crossing $120K yesterday, driven by positive crypto regulations in the U.S. and strong institutional flow.
🔹 Key levels:
Technical support: $118K–$119K (confirmed after early rebound)
Immediate resistance: $120.7K–$121K (intraday high)
If it breaks with volume, it could advance towards $123K (weekly high) and beyond
🔹 Bullish factors:
Inflows to spot ETFs have already exceeded $5.2B in July
ETF IBIT, FBTC, and BITB are maintaining strong inflows in recent days ($760M on July 16)
News of crypto law approvals and solid technical balances support the sentiment
📊 Overall trend: Bullish with consolidation.
✔️ If BTC breaks $120.7K with volume, we could see a rapid rise towards $123K and then potential $130K+, thanks to the institutional wave that continues to push.
👇 Are you ready for the next push?
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