🔥 Bitcoin holds above $118K after slight correction — is new momentum in sight?
Current price and technical structure
Bitcoin is trading at $118,905, with an intraday range between $118,355 and $122,242. Although it corrected from recent highs near $123K, it maintains a bullish wedge structure, suggesting possible continuation of the trend if it can hold support at $118K.
Key factors
Significant investments in ETFs: today there were inflows of $247 million, bringing Bitcoin's dominance in the crypto market to 58.9% and raising the total market capitalization above $4.1 trillion.
Regulatory momentum: recent executive orders favor the inclusion of crypto in retirement plans — and this has particularly benefited Bitcoin — which has boosted related stocks like Coinbase and Strategy.
Technical levels of the day
Level Value
Key support $118,000–$118,900
Resistance $122,200–$123,000
Critical zone Maintain above $118K to seek new momentum towards $122–$123K
Macro / institutional outlook
Strong institutional inflows, along with explicit regulatory support, indicate that the Bitcoin rally remains solid and structural. If it consolidates above $118K, it could resume the bullish path towards new highs.
Do you see
$BTC bouncing to $123K this week or would you prefer to wait for clearer consolidation? Share your view below 👇
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