$BTC has successfully re-entered the demand zone between $118,000 and $117,000 after a brief dip below this range yesterday. Currently, it is encountering four-hour resistance at critical levels: $118,800 (the low from Monday) and $119,600 (the high from the previous week). Should #Bitcoin reclaim these levels on the four-hour timeframe, there is a significant probability that it will rally back towards its previous highs, which may also lead to an increase in $BTC dominance.

Conversely, if we experience ongoing rejections from this resistance and observe erratic price movements in $BTC , it is reasonable to anticipate that altcoins will continue to outperform. Bitcoin must respond positively to any retest of the $117,000 to $116,800 range; failing to hold this level may result in a decline below $114,000. I will remain vigilant in identifying opportunities within robust #altcoins throughout the day.

#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?#

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July 16, 2025 at 12:23 PM
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