Bitcoin I reached the highest new level ever From 122,838 dollars on July 14, but has since slipped to a stage of unification around the level of $ 118,000. The last stop in the upscale momentum did not spoil the market morale, which is still firmly optimistic. According to the Coinmarketcap’s Fear & Greed, Bitcoin is still sitting at a greedy level of 68 years. This feeling, along with the technical analysis of the LGC (LGC), indicates that Bitcoin is still on the correct path of strong upward movements.
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Granding returns to the market, but its temperature has not yet increased
Bitcoin has spent the prices of the past 48 hours to get more than $ 118,000 After a wave of profit It happened after its peak at 122,838 dollars. However, data on the series show an interesting overview of Bitcoin investors.
In particular, Axel Adler JR. Common data From Cryptoquant shows that the 30 -day moving average for fear and greed index has returned to the optimistic area, which is now 66.2 %. Although the feelings surrounding the leading currency are currently present in the greedy area, this level is much lower
Current reading suggests 66 %, while at the green level, there is still room for oud morale to grow before entering the market in the negative explosion phase. In essence, this scale shows that if Bitcoin continues to integrate and push it up without entering the levels of extreme greed between 75 % and 80 %, it will continue to pay sustainable to new horizons.
Resistance area to re -introduce Bitcoin to the growth curve
As we mentioned earlier, the Bitcoin break above the price level of $ 120,000 And its subsequent taste I followed a wave of profit. The trend saw the correct Bitcoin price to $ 116,000 for a very short period before settling about $ 118,000. It is interesting, Technical analysis The weekly timeline of the candlestick shows that Bitcoin re -inserted the first range of the LGC resistance to the LGC, as it reached the peak of this price.
This band, which was determined as the light pink area in the graph below, was an area for profit in both the former Bitcoin markets. Interestingly, Bitcoin took advantage of this region for a short period in December 2024 and January 2025 before its rejection, in a similar pattern of Lynir 2021 The first top in the previous bull cycle.
Image of Tradingvief: Tradingshot
Basically, this indicator indicates that Bitcoin is now at the beginning of the final accumulation. According to the Crypto Tradingshot analyst, which published the analysis on the TradingView platform, the final summit of this session will be between October and November 2025. Depending on the timing and strength of factors such as discounts in US expected prices in September, Bitcoin can fall anywhere between $ 140,000 and $ 200,000.
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At the time of this report, Bitcoin is traded at $ 118,152.
Distinctive photo of Pexels, tradingView graph
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