📰 Bitcoin (BTCUSD) Soars Near $120K, Hits Highest Level Since July on Strong Momentum

📅 Jul 22, 2025, 16:15 EDT | 🔗 Source: Dow Jones Newswires

🧠 Summary

Bitcoin surged over 2% to near $120,000, reaching its highest level since mid-July 2025, with strong gains month-to-date and year-to-date, signaling positive momentum despite being slightly below its all-time high.

💡 Why this signal?

Bitcoin’s hourly price action indicates potential for a bullish breakout testing local resistance, signaling short-term upward momentum.
However, the daily chart shows a balanced struggle between buyers and sellers, suggesting sideways consolidation is likely in the near term.
Midterm upward movement depends on closing prices above a critical level, which could trigger renewed growth towards new highs.

📈 BTCUSD Price Trend

⏱️ Impact Timing

as soon as the news is out

👥 Competitor Impact

No competitors impacted.

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