Bitcoin ($BTC) is showing bullish momentum, having maintained daily support and successfully breaking the crucial $118,500 resistance level. Analysts predict potential price movements: if Bitcoin flips $118,500 into support, it could surge towards $120,000. A breakthrough past this level may lead to new all-time highs (ATH). Conversely, a rejection at $120,000 could result in a higher low formation. With growing interest and anticipation in the crypto market, traders are closely monitoring these price levels. Will Bitcoin reach its ATH this week? Stay updated on the latest trends and insights in the cryptocurrency space.

$BTC is preparing for more upside.

Bitcoin held daily support and is breaking key $118,500 resistance.

• YOU MAY ALSO LIKE TO WATCH THIS TRENDING STORY ON YOUTUBE.  Waverly Hills Hospital's Horror Story: The Most Haunted Room 502

Price can:
– Flip $118,500 into support and continue to $120,000.
– Gain $120,000 and continue to ATH.
– Reject $120,00 and find a possible higher low.

BTC ATH this week? pic.twitter.com/GvvAdHw8sH

— Lennaert Snyder (@LennaertSnyder) July 16, 2025

$BTC is Preparing for More Upside

If you’ve been keeping an eye on the cryptocurrency market, you might have noticed some exciting movements with Bitcoin lately. Yes, you guessed it right — $BTC is preparing for more upside! Recent trends indicate that Bitcoin has successfully held daily support and is now breaking through a crucial resistance level at $118,500. This is a significant development that could set the stage for even more growth in the coming days.

Bitcoin Held Daily Support and Is Breaking Key $118,500 Resistance

The resilience shown by Bitcoin is commendable. After consolidating around the $118,500 mark, Bitcoin is now poised for potential growth. This is where things get interesting. If Bitcoin flips $118,500 into a support level, it could easily pave the way for a surge toward the $120,000 mark. This kind of momentum can attract a wave of new investors, further driving the price up.

Moreover, if Bitcoin manages to gain traction above $120,000, we could be looking at a path toward its all-time high (ATH). The excitement in the community is palpable as traders and enthusiasts speculate about the possibility of reaching new heights. For those following the market closely, the question on everyone’s mind is — will BTC hit its ATH this week?

Price Can: Flip $118,500 Into Support and Continue to $120,000

Imagine waking up one morning to find Bitcoin has flipped that $118,500 resistance level into a solid support level. This scenario could set off a chain reaction, leading to a swift rise toward $120,000. It’s not just a pipe dream; it’s a realistic possibility if the current trend continues. Traders are watching the charts closely, anticipating the signals that could confirm this bullish movement.

Gain $120,000 and Continue to ATH

If Bitcoin does manage to breach the $120,000 level, all bets are off. The excitement surrounding $BTC could lead to a rush of investments, pushing the price even higher. The potential for Bitcoin to reach its ATH is not just a dream; it’s a tangible possibility that many are eager to see unfold. The crypto community thrives on speculation, and right now, the speculation is buzzing around Bitcoin’s potential to soar.

Reject $120,000 and Find a Possible Higher Low

However, the market can be unpredictable. If Bitcoin fails to hold above $120,000, we might see it reject that level. But don’t lose hope just yet! A rejection doesn’t necessarily mean doom; it could lead to finding a higher low. This scenario could provide a more stable foundation for future growth. Investors often look for these higher lows as indicators of a healthy market correction rather than a downturn.

BTC ATH This Week?

With all these dynamics at play, it’s hard not to get excited about the possibilities for Bitcoin. As the market fluctuates, the question remains — will we see BTC reach its ATH this week? The chatter among traders and analysts suggests that we are in for an exhilarating ride. Keep your eyes peeled and your wallets ready; the crypto world is always full of surprises!

For real-time updates and expert opinions on Bitcoin’s trajectory, check out [Lennaert Snyder’s tweet](https://twitter.com/LennaertSnyder/status/1945408518468624672). Happy trading!