📰 Bitcoin (BTCUSD) Pulls Back After Multiple Failed Attempts to Break $120K Resistance

📅 Jul 22, 2025, 05:05 EDT | 🔗 Source: CryptoPotato

🧠 Summary

Bitcoin failed to breach the $120,000 resistance multiple times, causing a short-term pullback to around $118,000. Altcoins mostly declined, while Pi Network’s token rose. Overall, the crypto market lost $60 billion in value since yesterday.

💡 Why this signal?

  • JPMorgan’s decision to lend against Bitcoin signals growing institutional acceptance and will likely increase crypto market liquidity and demand.
  • The endorsement comes amid improved regulatory clarity in the US, which reduces uncertainty and encourages adoption of crypto-based financial products.
  • Despite the positive move, JPMorgan maintains a cautious outlook on stablecoins, reflecting balanced risk management in integrating crypto with traditional banking.

📈 BTCUSD Price Trend

⏱️ Impact Timing
as soon as the news is out
👥 Competitor Impact

No competitors impacted.

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