Bitcoin has reached a novel level of all time from USD 122,838 July 14, but since then he came across a consolidation phase around USD 118,000. A recent momentum on the rush did not suppress market moods, which remains very stubborn. According to the Fear & Greed index in Coinmarketcap, Bitcoin is still sitting at the level of greed 68. This sentiment, combined with the technical analysis of the logarithmic curve (LGC), shows that Bitcoin is still well on the way to powerful movements up.
Greed returns to the market, but it is not overheating yet
The Bitcoin price price spent most of the last 48 hours, maintaining above USD 118,000 After a wave of profit It took place just after reaching the top of USD 122,838. However, the data in the chain show an compelling review of Bitcoin investors.
In particular, Crypto Analyst Axel Adler Jr. Data available From cryptochants showing that the 30-day average mobility of the fear and greed rate returned to the optimism zone, currently amounting to 66.2%. Although the sentiment associated with the leading cryptocurrency is currently greedy in the territory, this level is far below the range from 75% to 80%, which coincided with the novel highest price in March 2024 and December 2025.
The current 66% of the reading, while at a green level suggests that there is still a place for stubborn sentiment before the market enters the euphoric blowing phase. Basically, this indicator shows that if Bitcoin still consolidates and pushes higher without moods at extreme greed levels from 75% to 80%, it will be balanced by novel heights.
Bitcoin again enters the resistance zone on the growth curve
As mentioned earlier, Bitcoin break above USD 120,000 and his later peak There was a wave of profit acceptance. Trend This Bitcoin price is very low to USD 116,000 before stabilizing around USD 118,000. Interestingly, Technical analysis The weekly time of candles shows that Bitcoin has again entered the first resistance zone to the logarithmic growth curve (LGC) when he reached this summit.
This belt, which is identified as a airy pink region in the chart below, has always served as a bringing area on each of the previous Bitcoin bull markets. Interestingly, Bitcoin briefly knocked this area in December 2024 and January 2025, before it was rejected, in a pattern similar to January 2021. The first peak in the previous bull series.
Photo from TradingView: Tradingshot
Basically, this indicator suggests that Bitcoin is now at the beginning of the final phase of accumulation. According to Crypto, the Analyst Tradingshot, which has published an analysis on the TradingView platform, the highest top top in this cycle will be from October to November 2025. Depending on the date and strength of the factors, such as the expected reduction of rates in the USA in September, the Bitcoin peak may land anywhere from 140,000 to 200,000 USD.
At the time of writing, Bitcoin trades for $ 118,152.
A distinguished picture from Pexels, chart from TradingView
