{"content":"📈 BTC Winding Up — Will the Tight Range Snap Into a Bull Run? Bitcoin is seeking a break over $118,500. To gain short-term momentum, BTC must break $120,500 barrier. Bitcoin rose again after clearing $118,500. The price is over $118,500 and the 100-hour SMA. BTC/USD broke above a negative trend line with resistance at $118,300 on the hourly chart. If it breaks $120,500 barrier, the pair may rise again. Bitcoin Price Targets Key Upside Break From $115,000, bitcoin price rose. After breaking $116,500 and $117,800 resistance, BTC entered a bullish zone. On the hourly BTC/USD chart, a negative trend line with resistance around $118,300 was broken. Bulls broke $118,500 resistance. A high was achieved at $119,795 and the pair is consolidating gains above the 23.6% Fib retracement line of the upward advance from $114,733 swing low to $119,795 high. Bitcoin is over $118,800 and the 100-hour SMA. The $119,800 level represents immediate upward resistance. Near $120,000 is the first major resistance. The next hurdle may be $120,500. A closing above $120,500 barrier might boost prices. The price may increase to $122,500 resistance. More increases might push the price beyond $122,500. The goal may be $123,200. Another BTC Drop? Bitcoin may fall again if it fails to break $120,500. Near $118,600 is immediate support. Near $117,800 is the first big support. The next support is approaching $117,250, the 50% Fib retracement level of the upward run from $114,733 swing low to $119,795 high. More losses might push the price beyond $116,600. BTC may continue to fall below $115,500, the primary support. The technical indications The MACD is rising in the positive zone. Relative Strength Index hourly BTC/USD RSI is over 50. Major Support Levels: $118,600, $117,250. Key Resistance Levels: $119,800, $120,500. #BTC110KSoon? #BTCvsETH #ETHReclaims3800 #BNBBreaksATH $BTC $ETH $BNB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/28/28e0591fdf694fb8aa07f62e427fe672.png"],"tags":[],"tradingPairs":["BNB/USDT"],"quotearticleid":0}