Bitcoin just danced over $120,000. A huge milestone, like pulling off the perfect shot in the final seconds of a basketball game.

But now? It’s taking a little breather, a consolidation phase, they call it.

Think of it like the office pause before the big project launch, just catching the wind before making another power move.

Stormy sea forges the experienced saylor

Bitcoin’s been a textbook rollercoaster, right? Prices zip-zagging like your team on a bad day, all over the place, causing heart palpitations for every hodler out there.

Volatility was the name of the game. But what a difference a few months makes.

The storm’s settling down. The bulls still got their hands on the wheel. And trust me, they’re not letting go easily.

Crypto analyst Darkfost just put the spotlight on Bitcoin’s growth rate indicator, a fancy way of saying the numbers behind the scenes show the bull market’s still standing tall.

✅ The trend is holding, and the growth rate indicator maintains a bullish momentum after a difficult and rather erratic period that made overall market reading quite challenging.

Since then, the market had room to breathe, and the stress phase we discussed a few months ago has… https://t.co/3mD1CpujND pic.twitter.com/KhlvgdBR2v

— Darkfost (@Darkfost_Coc) July 19, 2025

This indicator compares Bitcoin’s overall market cap to its realized cap, and right now, it’s flashing green.

After months of drama and uncertainty, this is like finally getting clear instructions from the highest level.

Charts and the macro

Sure, the price is cozying up just below that $120k line, now sitting tight between about $117,000 and $122,000 in the time of writing. Bulls have defended that $115k no-go zone like it’s their last cannoli.

The technicals back this up, the moving averages show Bitcoin’s still in an uptrend. The 50-day average is leading the pack above the 100 and 200, and it’s climbing.

On the bigger stage, the macroeconomic scene’s getting clearer. The US Federal Reserve, like a wise consigliere, is hinting at moves to get inflation under control, and the market’s starting to trust that talk.

Sure, trade tensions are there, and Trump’s recent trade noise just spices up the game a bit. But risk appetite is back, and investors are hungry.

What’s next?

If Bitcoin can hold above $115,700 and then break over $122,000 with a big move, we’re talking next-level territory here.

But slip below that key support? Please no, but if yes, that could mean a fall toward $110k or so, like getting benched in the final quarter.

Volume spikes aren’t showing up yet, so this consolidation might stick around a while.

So yeah, Bitcoin’s catching its breath. But the signs? They’re telling us this isn’t the end. It’s a classic pause before the next big run. Stay calm, and hodl.

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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