#Institutions Buying Bitcoin#

Today’s Strategy: Bitcoin Maintains Bullish Momentum
Bitcoin continues to show strong upward potential, with momentum building steadily. The Relative Strength Index (RSI), which had recently eased from around 60, has now climbed back to 65 — a clear sign of growing buying pressure.
Technical indicators further support the bullish outlook. The price is holding well above the key moving averages:
50-day EMA: $110,596
100-day EMA: $105,443
200-day EMA: $98,512
These levels will serve as important fallback zones if any sudden correction occurs.
All eyes are on the $120,000 resistance level. A successful break above it could open the door to a retest of the all-time high at $123,218, and potentially extend to the $125,000 mark.
However, caution remains essential. The MACD is nearing a bearish crossover. If the MACD line dips below the signal line, it could indicate weakening momentum — a possible signal for traders to scale back positions.
The rising moving averages support, which is significantly below the current price, the solid technical structure. In the daily chart below, the 50-day Exponential Moving Average (EMA) is at $110,596, the 100-day EMA is at $105,443, and the 200-day EMA is at $98,512. In the event of a rapid trend reversal, these levels will form temporary support.
Traders will be looking for a breakout above the $120,000 level to determine the strength of the bullish trend. After surpassing this threshold, the next major obstacle will be the all-time high at $123,218, followed by another important level at $125,000.
#July Market Forecast#
#Institutions Buying Bitcoin#