The post 5 Things To Know About Bitcoin Price This Week appeared on BitcoinEthereumNews.com.

Key Insights: Bitcoin price is range-bound near $119K, showing less than 1% movement in the past 24 hours, but liquidation walls and falling exchange reserves hint at an incoming breakout. Exchange reserves have dropped to 2.384 million BTC, signaling reduced sell pressure, while SOPR data shows holders aren’t eager to take profits just yet. Price resistance stands at $120,666, with a short liquidation cluster above; a clean break could spark upside toward $124K and reopen the path to a new Bitcoin all-time high. Bitcoin price is sitting close to $119,000, stuck in a tight range for several days now. In fact, it hasn’t even moved 1% in the past 24 hours. It may feel quiet, but this kind of calm often comes right before something big. Traders are on standby. Everyone’s waiting for a spark. To figure out what might come next, let’s look at what’s happening under the surface. These are five things affecting the BTC price right now, and what they might mean for the road ahead, including whether a new Bitcoin all-time high is even on the table. Falling Exchange Reserves Hint at Lower Sell Pressure Bitcoin’s exchange reserves have dropped to 2.384 million BTC, a monthly low. This is often a bullish sign. Fewer coins on exchanges means traders aren’t looking to sell right now. In fact, when reserves last spiked above 2.5 million in mid-July, the Bitcoin price dropped by over 5% that same week. Now that reserves are falling again, it suggests selling pressure is cooling off. Bitcoin price and exchange reserves- Source: CryptoQuant If demand comes in, especially spot buying, this low supply could help push BTC price above the current $119,000 ceiling. So while the chart looks sleepy, the low reserves could quietly support a breakout, especially if the $120,700 resistance cracks.…

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Filed under: News - @ July 29, 2025 3:29 am