Bitcoin soared past the $119,000 mark on Sunday, extending its recovery from recent two-week lows. The flagship crypto asset is now eyeing a daily close above its 10-day simple moving average, after bouncing strongly from the $114,500 zone. This bullish momentum appears to have overshadowed concerns surrounding one of the largest-ever BTC sales. The surge coincided with renewed optimism in global markets, following an agreement between the U.S. and China to delay mutual trade tariffs. With geopolitical tensions easing, traders are now turning their attention to key technical levels that could shape Bitcoin’s trajectory in the week ahead.

At the time of writing, BTC was trading at $119,175.

BTC, after making a high of $111,980, started consolidating and was trading in a range from $100,000 to $110,000. The asset finally gave a breakout above the range and rallied almost 12%, making a new all-time high of $123,218. Post this move, BTC is trading in a range from $120,500 to $115,500 and is trying to form a ‘Bullish Flag’ pattern. To rally further, it needs to break the resistance at $125,000.

Key Levels:

Support 2Support 1AssetResistance 1Resistance 2.$100,000$110,000BTC$125,000$145,000

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Filed under: Bitcoin - @ July 28, 2025 5:18 am