Tony Kim
July 23, 2025 04:13
BTC price is currently being traded at $ 118,730, an increase of 1.31%, because large banks in crypto trading and regulatory clarity improve the market sentiment.
Fast
• BTC that is currently traded at $ 118,730.67 (+1.31% in 24 hours) • Bitcoin’s RSI on 63.85 signals Continued Bullish Momentum without overboughtom conditions • Standard Chartered launches Institutional Bitcoin Trading Services, Markings Milestone Marking
What drives Bitcoin price today?
The BTC price thrust reflects a confluence of positive institutional developments that have fundamentally shifted the market sentiment. The announcement of Standard Chartered to launch Spot Bitcoin and Ethereum Trading Services for institutional customers represents a turning point for traditional banking to embrace cryptocurrency. This step of one of the world’s largest banks validates the growing legitimacy of Bitcoin as an institutional activa class.
Cantor Fitzgerald adds to the rally, is said to be a massive acquisition of $ 3.5 billion of more than 30,000 BTC from Blockstream. This represents one of the largest institutional Bitcoin purchases in history and shows persistent appetite of large financial companies despite the increased price levels of Bitcoin.
The regulatory landscape has also been considerably improved with the American house that the digital assets market has adopted clarity. This legislation is intended to offer clear definitions for digital assets such as raw materials or effects, which means that the legal uncertainty is possible that the institutional participation has long hindered.
These developments come after Bitcoin reached a new of all time on July 16, almost $ 124,000, which demonstrates the market’s ability to press unknown territory when the basic principles are favorable.
BTC Technical analysis: Strong bullish signals continue to exist
Bitcoin Technical Analysis reveals robust underlying impulse that supports the current price action. The BTC RSI lecture of 63.85 indicates to enter a healthy bullish momentum without overbought territory, which suggests space for further upward movement.
The advancing average structure of Bitcoin shows a strong bullish tuning, with the current BTC price of $ 118,730 trade far above all important advancing averages. The 7-day SMA at $ 118,324 offers immediate support, while the 20-day SMA offers more substantial support for $ 115,417. The significant gap between the current price and the 200-day SMA at $ 98,158 illustrates the strength of Bitcoin’s long-term recording.
However, Bitcoin’s MACD -Histogram shows a slight bearish divergence on -67.08, which indicates some short -term momentum cooling despite the overall positive trend. This technical signal suggests that traders must check for possible consolidation phases instead of to be expected immediate continuous acceleration.
The position of Bollinger bands from Bitcoin shows the BTC price trade at 0.69 of the bandwidth, approaching but not yet reached the upper band at $ 124.131. This positioning indicates space for further upward movement before it experiences considerable technical resistance.
Bitcoin -Prize levels: important support and resistance
Critical Bitcoin support levels offer clear risk management frameworks for traders. The immediate Bitcoin support is $ 107,245, which represents a significant level that held during recent corrections. Below Bitcoin Strong support comes to $ 98,200, which closely coincides with the 200-day advancing average and represents around 17% disadvantage of the current levels.
On the resistance side, Bitcoin stands for immediate BTC resistance at $ 123.218, which fits in with the recent high area of all time. Breek above this level can activate the next leg higher in the direction of unknown territory above $ 124,000.
The 24-hour trade range of the BTC/USDT couple from $ 116,552 to $ 120.247 has relatively volatility contains volatility despite the considerable price levels, which suggests that controlled institutional accumulation instead of speculative foam.
Do you have to buy BTC now? Risk-willing analysis
Binance Spot market data that shows $ 2.29 billion in 24-hour volume, institutional interest rates remains robust at these raised levels. For conservative investors, the current setup offers a favorable risk-remuneration profile with clear support levels for placing Stop-Loss.
Aggressive traders can consider submissions to the level of $ 115,417 (20-day SMA) with each withdrawal, which would offer better risk order relationships while retaining the bullish trend exposure. The technical analysis of Bitcoin suggests that this level should offer strong support, given the institutional adoption story.
Long-term investors can find the current legal clarity and banking adoption trends more fascinating than price fluctuations in the short term. The acquisition and Standard Chartered launch of Cantor Fitzgerald represent structural shifts that can support higher BTC prize levels over time.
Risk management remains crucial in view of the daily Bitcoin of $ 2,881, which points to potential for significant intraday movements. Position size must explain this volatility while retaining exposure to the wider Bullish Trend.
Conclusion
The current position of Bitcoin above $ 118,000 reflects real fundamental strength driven by institutional acceptance and regulatory progress. The BTC RSI levels and the advancing average structure support the upward potential, although consolidation remains possible in the short term. Traders must follow the resistance level of $ 123,218 for breakout opportunities, while the support of $ 115,417 is used for risk management. The next 24-48 hours will probably determine whether Bitcoin Momentum can be retained in the direction of new all time or needed to require consolidation before the next leg is higher.
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