Bitcoin Price Watch: Bulls Hold the Line as $117,000 Support Faces Key Test
2025-07-17 15:05:33
Main Idea
Bitcoin's price is testing key support levels around $117,000, with resistance near $123,000, as market indicators show mixed signals of bullish momentum and potential volatility.
Key Points
1. Bitcoin's price was $117,866 on July 17, 2025, with a market cap of $2.34 trillion and a 24-hour trading volume of $49.313 billion.
2. The 24-hour price range fluctuated between $117,715 and $120,008, indicating ongoing volatility.
3. Key support levels are between $115,700 and $117,000, while resistance is strong from $120,000 to $123,200.
4. Technical indicators like RSI (66.0), Stochastic (69.1), and MACD (3,333.0) suggest underlying bullish momentum in the short term.
5. A breakdown below $117,000 could trigger a sell-off, while holding support may lead to a push toward new highs.
Description
Bitcoin posted a price of $117,866 on July 17, 2025, supported by a market capitalization of $2.34 trillion and a robust 24-hour trading volume of $49.313 billion. The 24-hour intraday price range fluctuated between $117,715 and $120,008, highlighting continued volatility within a consolidating structure. Bitcoin On the daily chart, bitcoin reversed from a recent low
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