📰 Bitcoin (BTCUSD) Faces Sharp Pullback After All-Time High, Bears Target $113,000 Support
📅
Jul 20, 2025, 17:33 EDT
| 🔗 Source: NewsBTC
🧠 Summary
Bitcoin surged to an all-time high of $122,838 before facing a bearish rejection near $119,000–$121,000, potentially dropping toward $113,000. This signals a short-term downtrend, risking a wider crypto market selloff if Bitcoin breaks below $116,000.
💡 Why this signal?
- Bitcoin’s recent failure to hold gains above $119,000 indicates weakening bullish momentum and increased selling pressure.
- The identified Quasimodo Level pattern signals a likely short-term downtrend toward critical support around $113,600.
- The potential Bitcoin decline threatens broader cryptocurrency markets, as altcoins often follow BTC’s lead and may suffer cascading outflows.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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