Bitcoin Price Prediction: BTC Hovers at $117,550 as Markets Brace for Breakout Move
Bitcoin is at $117,550, consolidating in a tightening range after hitting a new all time high near $123,000 earlier this week.
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Last updated: Thursday, July 24, 2025
Quick overview
- Bitcoin is currently consolidating at $117,550 after reaching an all-time high near $123,000 earlier this week.
- Spot market volume surged by 184% on Binance, indicating strong retail demand despite a temporary pause in price movement.
- The futures market shows bullish signals with Open Interest rising 7.3% to $45.4B and funding rates increasing by 59.5%.
- Bitcoin's price action is tightening within a symmetrical triangle, suggesting potential volatility ahead as it approaches key support and resistance levels.
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ABOUT THE AUTHOR
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Maham Arslan
Crypto News Writer | Blockchain & Web3 Reporter
Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms.
Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers.
With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.
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