📰 Bitcoin (BTCUSD) Consolidates After Record High, Eyes $140K-$200K Peak Amid Optimistic Sentiment
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Jul 20, 2025, 17:33 EDT
| 🔗 Source: NewsBTC
🧠 Summary
Bitcoin recently hit a $122,838 high before consolidating near $118,000. Market sentiment remains bullish but not overheated, with a strong potential for further upward movement supported by technical indicators and optimistic on-chain data.
💡 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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