Bitcoin reached a new all time of all time From $ 122,838 on July 14, but has since been in a phase of consolidation around the level of $ 118,000. The recent break in the upward momentum has not filled the market sentiment, which remains sturdy bullish. According to Coinmarketcap’s Fear & Greed Index, Bitcoin is currently still on a greed of 68. This sentiment, combined with technical analysis of the Logarithmic Growth Curve (LGC), shows that Bitcoin is still on its way for powerful upward movements.
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Greed returns to the market, but not overheated yet
The Bitcoin price action has spent most of the last 48 hours of retaining $ 118,000 After making a wave of winning took place just after the peak at $ 122,838. However, data on the chain shows an interesting overview of Bitcoin investors.
In particular, Crypto analyst Axel Adler Jr. Shared data From cryptoquant who shows that the 30-day advancing average of the anxiety and greed index has climbed back in the Optimismezone, now at 66.2%. Although sentiment around the leading cryptocurrency is currently in greedy territory, this level is far below the reach of 75% to 80%, which coincided with new price heights in March 2024 and December 2025
The current reading of 66%, although in the green level, suggests that there is still room for bullish sentiment to grow before the market starts a euphoric blow-off phase. In essence, this metric shows that if Bitcoin continues to consolidate and continue to push higher without the sentiment that comes in extreme greedy levels between 75% and 80%, it will continue with a sustainable push to new heights.
Bitcoin resistance zone on the growth curve
As mentioned earlier, the break of Bitcoin above the price level of $ 120,000 and the subsequent peak were followed by a wave of winning. The trend saw the price of Bitcoin very briefly up to $ 116,000 before it stabilized around $ 118,000. Interesting enough technical analysis From the weekly candlestick time confirmation shows that Bitcoin has reintroduced the first band of the Logarithmic Growth Curve (LGC) resistance zone when it reached this price peak.
This band, which is identified as the light pink region in the graph below, has always served as the profitable area in each of Bitcoin’s former bull markets. It is interesting that Bitcoin tapped briefly in this area in December 2024 and January 2025 before he was rejected, in a pattern comparable to that of January 2021s First top in the previous bull cycle.
Picture of TradingView: Handelshot
In short, this indicator implies that Bitcoin is now at the start of a final build -up phase. According to Crypto Analyst Tradeshot, which posted the analysis on the TradingView platform, will be the ultimate top for this cycle between October and November 2025. Depending on the timing and strength of factors such as expected US rate reductions in September, Bitcoin’s peak could land somewhere between $ 140,000 and $ 200,000.
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At the time of writing, Bitcoin acts at $ 118,152.
Featured image of Pexels, Graph of TradingView