📰 Bitcoin (BTCUSD) Dips Below $118K as Bears Gain Momentum; Key Support at $116.2K Tested
📅
Jul 21, 2025, 23:21 EDT
| 🔗 Source: NewsBTC
🧠 Summary
Bitcoin struggles below $118,000 resistance, showing bearish signs with a risk of further decline if support at $116,200 breaks. A failure to clear $118,400 could trigger more selling pressure in the short term.
💡 Why this signal?
- Charles Schwab's entry into spot Bitcoin trading signals growing mainstream adoption, likely boosting BTCUSD demand.
- The brokerage's emphasis on client education and integration of crypto with traditional assets suggests sustainable growth potential for Bitcoin exposure.
- Targeting Bitcoin and valuable altcoins first indicates a focused, strategic approach, enhancing investor confidence in the platform's crypto offerings.
📈 BTCUSD Price Trend
⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact
No competitors impacted.
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