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In the blink of an eye, I have been using Binance for so many years, and I can be considered an old OG from Binance's early days!
I have witnessed the rise of $BNB, and the exchange's products are getting better and better, making the user experience smoother and smoother! #Strategy to increase Bitcoin holdings
In the blink of an eye, I have been using Binance for so many years, and I can be considered an old OG from Binance's early days!
I have witnessed the rise of $BNB, and the exchange's products are getting better and better, making the user experience smoother and smoother! #Strategy to increase Bitcoin holdings
Annual Line Long Upper Shadow Sets the Tone! Old Retail Investors Analyze Bitcoin's Two Major Bottom Ranges; the Bear Market is No Longer Just a Short-Term Correction
2025 has passed like this, Bitcoin shines brilliantly in 2025, creating new historical highs, but the vast majority of non-Bitcoin varieties are tragically bleak, with many old retail investors wiped out by the bull market. The market draws candlestick patterns in a state that is both familiar and unfamiliar, telling the story of the industry's maturity and transformation! The annual line of Bitcoin has closed. From the annual line perspective, it has formed a long upper shadow, with a short body and short lower shadow, signifying an end to its strength, and cannot hide its declining trend. The MA7 of the annual line has approached around 57600. Historically, the bottoms of the last two bear markets have both fallen near the MA7 of the annual line, so this position should be marked. If a deep bear market unfolds, this could very well be the bottom range of the major bear market.
As of today, Bitcoin is trading at around $117,576, with a modest daily gain of +0.02%. The intraday range has been $115,027 to $117,628, reflecting steady consolidation after recent highs.
📊 Market Overview: Trend: Bullish, with Bitcoin holding above key support zones.
Recent Highs: BTC touched a local high near $123,000 earlier this month.
Key Support Levels: $115,500 – $116,000 and $112,000 – $113,000.
Key Resistance: $120,000 (short-term), $123,200 (local high), and psychological barrier at $125,000.
🚀 Bullish Drivers: Institutional Demand via Spot ETFs Over $14 billion has flowed into Bitcoin ETFs since early 2025, pushing demand beyond expectations.
Post-Halving Supply Shock The April 2024 halving reduced block rewards, limiting new BTC supply and contributing to price appreciation.
Favorable U.S. Regulation Recent bills like the GENIUS Act and creation of a Bitcoin Strategic Reserve have added clarity and optimism to the U.S. crypto market.
Corporate Adoption More than 135 public companies now hold BTC, with MicroStrategy leading at ~592,000 BTC.
⚠️ Risks to Watch: Profit-taking and whale activity, with some large wallets unloading coins.
Market corrections, especially after sharp runs above $120K.
Geopolitical tensions or new regulatory hurdles, which may reduce liquidity or trigger volatility.
Overbought signals on some indicators (e.g., RSI >70).
🔮 Short-Term Outlook: Analysts suggest:
A bounce from $115K support could push BTC back toward $120K–123K.
A clean breakout above $123,200 may open the path to $125,000–130,000.
Failure to hold $115K might trigger a retest of $112K.
CoinCodex and others forecast a 6–7% increase in the next two weeks, possibly reaching $124,900 by early August.