Bitcoin News on July 17, 2025: Bullish or Bearish Trend?

A look at Bitcoin news on July 17, 2025: Will the bullish run continue, or is a correction looming?

On July 17, 2025, Bitcoin remains the talk of the crypto world. Hovering around $118,300, it’s got traders and investors buzzing with excitement. But is this bullish run here to stay, or are we on the cusp of a pullback? Let’s dive into the latest market developments and see what’s driving the action. Over the past few weeks, Bitcoin has been on a tear, smashing through previous highs and hitting a new all-time peak. Some attribute this surge to strong institutional demand and record inflows into Bitcoin ETFs, which have pushed prices well past $110,000. Yet, there are signs the momentum might be slowing. Four-hour charts show lower highs forming, and trading volume is thinning out near key resistance levels. Is the market catching its breath? One intriguing factor is the presence of massive buy orders sitting about 7% below the current price. These so-called “buy walls” can act like magnets, pulling prices toward them as trading algorithms chase liquidity. But don’t be fooled—this doesn’t always mean smooth sailing upward. Some analysts warn that Bitcoin could retrace to support levels like $110,300 or even $106,000, where liquidity has pooled in the past. These zones might offer a golden opportunity for bargain hunters. External factors are also stirring the pot. Recent news about new U.S. trade tariffs has rattled financial markets, and Bitcoin isn’t immune. These policies could indirectly sway investor sentiment, pushing capital toward safer or riskier assets depending on the mood. Plus, the movement of 80,000 BTC from long-dormant wallets has raised eyebrows. Could this signal a massive sell-off, or is it just an early miner upgrading their security? The market dipped briefly below $108,000 after the transfer, hinting at some jitters. Looking at the bigger picture, Bitcoin’s long-term outlook still sparkles. Many experts believe it’s in the final stages of a major bullish cycle, potentially eyeing $130,000 or even $150,000 in the coming months. But nothing’s guaranteed. Traders should keep an eye out for reversal signals, like large bearish candles near resistance zones, which could spell trouble. For the average investor, these swings can feel like a rollercoaster. That’s what makes crypto so thrilling, right? The key is to stay disciplined. If you’re looking to jump in, waiting for a confirmed support level might be the smart play. If you’re already in profit, now could be a good time to reassess your exit plan. At the end of the day, Bitcoin remains a wild but captivating asset. By blending technical analysis, staying tuned to economic news, and tracking whale movements, you can make more informed decisions. Will Bitcoin soar to $150,000 soon? Or is a deeper correction on the horizon? Only time will tell, but one thing’s for sure: the crypto market never sleeps.