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Bitcoin (BTC) Performance Summary: July 17th, 2025

Overview: On July 17th, 2025, Bitcoin (BTC) experienced a relatively stable day with a minor price decrease, consolidating around the $118,000 – $119,000 mark. This followed a period of significant price action and indicated a phase of slight retracement and market re-evaluation.

Key Metrics & Technical Indicators (Based on available data for July 17th, 2025):

• Price Action:
  • High: Approximately $119,230 – $120,063 USD.
  • Low: Approximately $117,683 – $117,720 USD.
  • Closing Price: Around $118,660 – $119,043.98 USD. BTC recorded a minor daily change, ranging from a slight decrease of -0.02% to -0.61% or a modest gain of 0.30% to 0.52% depending on the reporting source. It had surpassed the $119,000 USDT mark at various points.
• Market Capitalization:
  • Market Cap: Approximately $2.34 trillion – $3.83 trillion USD (the latter represents the total crypto market cap, with Bitcoin being the largest component). The global cryptocurrency market cap reached $3.83 trillion, with Bitcoin maintaining its dominant position.
• Moving Averages (Approximate values for July 17th, 2025, based on surrounding data):
  • EMA 200 (Exponential Moving Average 200): While a precise value for BTC’s EMA 200 on July 17th, 2025, was not explicitly stated, the general context indicated that Bitcoin remained in a strong bullish structure, trading well above all key moving averages, suggesting a robust long-term bullish trend.
  • EMA 50 (Exponential Moving Average 50): The 50-day EMA was noted to be around $2,888 for Ethereum, implying that for Bitcoin, a similar strong bullish momentum would place its price well above its 50-day EMA. Bitcoin was «well-supported by moving average alignment.»
  • SMA 200 (Simple Moving Average 200): Around $102,178 USD. Bitcoin was trading well above its 200-day SMA, reinforcing the strength of the ongoing bullish trend, with this level acting as a dynamic support zone.
  • SMA 50 (Simple Moving Average 50): Around $110,602 USD. Bitcoin was trading well above its 50-day SMA, indicating a strong medium-term bullish trend, with this level also acting as a dynamic support zone. Bitcoin dominance was noted to have fallen below the 50-day SMA, which is significant for altcoins.
• RSI (Relative Strength Index):
  • 24-hour RSI: Approximately 64.11 – 67.65. The RSI levels suggested a strong uptrend, but also indicated that the asset was entering «overbought territory» (RSI(6): 65.77, RSI(12): 67.65, RSI(24): 64.11). The Stochastic RSI was at 63.27, signaling a potential short-term cooling off.
• MACD (Moving Average Convergence-Divergence):
  • 24-hour MACD: The MACD remained bullish with the DIF at 3,351.93, DEA at 2,694.00, and MACD line at 657.92, signaling a continuation of upside momentum. However, some reports noted that the trading volume had begun to decline, even though the MACD still supported price expansion.

Brief Fundamental Analysis

On July 17th, 2025, Bitcoin’s fundamental landscape was characterized by its continued push towards new highs, fueled by institutional momentum and a generally optimistic market sentiment, despite a minor daily price consolidation. News highlighted that «Bitcoin (BTC) Hits 119,000 USDT with Minor Dip,» indicating resilience after reaching an all-time high of $123,218 earlier. Analysts were suggesting a potential rally towards $150,000 if upward momentum continued.

A significant fundamental driver was the ongoing «Crypto Week» in Washington, with discussions around regulatory clarity and institutional adoption. Reports stated that «Bitcoin (BTCUSD) returned to global headlines this week by surpassing $123,203, marking a new all-time high,» indicating strong institutional and regulatory momentum. The MACD still supported price expansion, even though trading volume had started to decline, suggesting underlying strength. The overall global cryptocurrency market cap had reached $3.83 trillion, indicating a bullish shift in overall crypto market sentiment. The focus remained on the asset’s ability to consolidate above key resistance levels and attract further institutional capital, reinforcing its long-term value proposition.