PUNKO – PNK

Bitcoin (BTC) Performance Summary: July 14th, 2025

Overview: On July 14th, 2025, Bitcoin (BTC) continued its strong upward trajectory, reaching a new all-time intraday high of $123,165.67 and a new all-time closing high of $119,935.75. The price action indicated robust bullish momentum, driven by significant institutional inflows and overall market optimism.

Key Metrics & Technical Indicators (Based on available data for July 14th, 2025):

• Price Action:
  • High: Approximately $123,165.67 USD. This marked a new all-time intraday high.
  • Low: Approximately $119,921.92 USD.
  • Closing Price: Around $119,935.75 USD. BTC gained approximately 0.78% to 4.02% over the 24-hour period, extending its July rally and marking its third consecutive green monthly close.
• Market Capitalization:
  • Market Cap: Approximately $2.38 trillion – $2.4 trillion USD. Bitcoin’s market cap surged, surpassing Amazon’s and becoming the fifth-largest asset globally. The overall cryptocurrency market capitalization also increased by 1.33% to $3.703 trillion.
• Moving Averages (Approximated values based on surrounding data for July 2025):
  • EMA 200 (Exponential Moving Average 200): Around $97,000 USD. Bitcoin was trading significantly above its 200-day EMA, indicating a strong long-term bullish trend. A break below $100,000 and the 200-day EMA would be needed to signal a potential trend reversal.
  • EMA 50 (Exponential Moving Average 50): Bitcoin was facing profit-taking near $123,000, but the 20-day EMA was a vital support to watch, suggesting the price was well above its short-term exponential moving average.
  • SMA 200 (Simple Moving Average 200): Around $96,517 USD (from July 8th data). Bitcoin was trading well above its 200-day SMA, reinforcing a long-term bullish outlook.
  • SMA 50 (Simple Moving Average 50): Around $106,680 USD (from July 8th data). Bitcoin was trading significantly above its 50-day SMA, indicating strong short-term bullish momentum.
• RSI (Relative Strength Index):
  • 24-hour RSI: Approximately 73.9. The RSI was in overbought territory (73.9), indicating strong bullish momentum but also suggesting a potential for short-term consolidation or pullback.
• MACD (Moving Average Convergence-Divergence):
  • 24-hour MACD: The MACD showed strong positive alignment, with the MA9/20/50 all aligned upward, indicating a full bullish crossover. The MACD and RSI2 were showing strength, reinforcing the clear long-term accumulation.

Brief Fundamental Analysis

On July 14th, 2025, Bitcoin’s fundamental landscape was exceptionally strong, marked by continued institutional adoption and a growing recognition of its strategic importance. News highlighted that «Bitcoin has crossed $120,000 for the first time Monday, driven by massive institutional ETF inflows and optimism over crypto-friendly legislation.» This underscores the critical role of institutional capital in propelling Bitcoin’s price to new highs.

Furthermore, Strategy (MicroStrategy) acquired an additional 4,225 Bitcoins between July 7th and July 13th, further solidifying the trend of corporate treasuries accumulating BTC. The news that «Bitcoin’s market cap has surged to $2.4 trillion, surpassing Amazon’s $2.3 trillion, making it the fifth-largest asset globally,» signifies a major milestone in its mainstream acceptance and perceived value. Analysts from Bernstein predicted a sustained crypto bull market, projecting Bitcoin could hit $200,000 by late 2025 or early 2026, driven by institutional adoption and clearer regulations. The overall sentiment was highly optimistic, with Bitcoin increasingly viewed as a hedge against unstable monetary policies and capital controls, reinforcing its long-term fundamental appeal.