BTC Price – Bitcoin (BTC) experienced a minor correction this week, dropping to $119,641.77 after briefly touching an all-time high of $123,218 on July 14, 2025. The pullback follows intense profit-taking, with trading volume spiking to $90 billion in the last 24 hours.
This volatility comes as investors await key U.S. inflation data, which could influence Federal Reserve rate decisions and impact risk assets like Bitcoin. A lower-than-expected inflation report could fuel further bullish momentum, potentially pushing BTC toward $125,000 by mid-August.
Technical indicators suggest Bitcoin remains in a bullish phase. The 50-day moving average is rising, signaling a strong short-term trend, while the 200-day moving average shows a slight decline, indicating longer-term caution.
The MACD is hinting at a bullish crossover, with support levels holding firm at $117,000. If BTC sustains above this zone, analysts predict a retest of $120,000 soon. However, a break below $117,000 could trigger a correction toward $113,000, a key Fibonacci retracement level.
Institutional demand continues to drive price action. BlackRock’s iShares Bitcoin Trust ETF recorded $57.4 billion in inflows, reflecting growing confidence among traditional investors.
For Indian investors, Bitcoin’s price in INR stands at ₹10,437,243.12, making it critical to monitor exchange rates on platforms like CoinDCX or WazirX for cost-effective trades.
India’s crypto market is buzzing, with ZebPay reporting increased activity. Investors should watch for regulatory updates, as India’s 30% crypto tax and 1% TDS could affect returns.
Setting price alerts on btcprice.in can help users stay ahead of volatility. With global economic uncertainty looming, Bitcoin’s role as a hedge against inflation remains a focal point for Indian traders.
As Bitcoin consolidates, the coming weeks will be pivotal. Will inflation data spark a breakout, or will bears push prices lower? Stay tuned to btcprice.in for real-time updates and expert analysis to navigate this dynamic market.
