BTC/USD Today: Momentum Builds Toward the Next BreakoutBITSTAMP:BTCUSD Today: Momentum Builds Toward the Next Breakout
Previously on BTC...
1. Double Top Pattern and Target Hit
The chart shows a classic double top (early 2025), a bearish reversal pattern. Once the neckline broke, the price plunged and nailed the technical target (red arrow)—as if Bitcoin had read the textbook.
2. Trendline Break = Game Changer
After bottoming out, BTC broke through a downward sloping trendline, triggering a strong bullish move. This breakout signaled a trend reversal, and the market responded accordingly.
3. Perfect Pullback
Once the breakout played out, the price retraced back to previous resistance, now turned support. This “perfect pullback” is the kind of thing that makes technical analysts smile in their sleep.
4. Bull Trend Confirmation
The successful retest of support confirmed that Bitcoin had shifted from neutral/bearish into a full-on bull trend. Buyers stepped back in with confidence.
📊 BTC/USD – Current Outlook
Bull Flag Forming
Currently, price action is consolidating into a bull flag, a continuation pattern often seen mid-rally. If it breaks out to the upside, the projected target sits near $120,000 .
🚀 Bullish Catalysts:
- Strong structural trend: Higher highs and higher lows are still intact.
- Post-halving momentum: Historically, Bitcoin tends to go beast mode 6–12 months after each halving—and we’re right in that sweet spot.
- ETF inflows : Institutional capital continues pouring into Bitcoin ETFs, adding steady buying pressure.
- Supply crunch: With more BTC leaving exchanges, sell-side liquidity is drying up. Hodlers are hodling.
- Technical setup: A confirmed breakout from the bull flag could trigger a powerful leg higher.
⚠️ Risks and Levels to Watch:
A breakdown of the bull flag could send BTC back toward the $98k–91k range.
Macro headwinds (rate hikes, economic slowdown, dollar strength) could still rain on crypto’s parade.
🧠 Conclusion
This chart paints a textbook bullish setup for Bitcoin. The double top is in the rearview mirror, the trendline breakout gave us the green light, and now the bull flag is loading the next move.
If the breakout happens, the next destination could be $120,000.
It’s one of those “don’t blink” moments—BTC might just be stretching before its next sprint.
BTCUSD.PI trade ideas
BITCPINS"S WEEKLTY TRAJECTORY AND LEVELS TO WATCH Bitcoin is currently trading at $118,209, demonstrating continued strong bullish momentum in the market. This aligns with broader market sentiment, which has seen significant institutional inflows, particularly through spot Bitcoin ETFs, driving BTC to new all-time highs in July 2025. The transformation of Bitcoin from a speculative asset to a macro asset, coupled with factors like global liquidity and capital reallocation, are providing substantial tailwinds.
Given this robust backdrop and your weekly target of $126,000, the market appears poised for further upside. However, it's crucial to acknowledge the possibility of short-term volatility and technical corrections after such significant gains.
Key Resistance Level:
The immediate key resistance level to watch is around the $12O,000 - $122,500 range. A sustained break above this zone, ideally with strong volume, would reinforce the bullish outlook and open the path towards your $126,000 target and potentially higher. The next significant resistance beyond that is around $130,000 - $136,000.
Key Support Area:
On the downside, a crucial support area to monitor for potential pullbacks is around $110,000 - $112,000. This area has acted as a strong accumulation zone recently and aligns with key moving averages. A deeper correction could see price test the $100,000 psychological support level. As long as Bitcoin holds above the $110,000 - $112,000 range, the bullish structure remains intact for a push towards OUR weekly target."
Bitcoin positive diversion to $131,000Using fibonacci retracements for price targets based off of positive divergences on the 15 min time frame and hourly time frame. I am utilizing 2 ioscilating indicators: RSI length is 36 with smma at 50 and the Chande momentum oscillator with a length of 24. My conservative estimate is $131,000 for a safe trade close. $132,400 exact area for pullback to $128,500?
BTC Ready for the new impulse ? Elliott wave analysis 20/7/2025In my view, Bitcoin (BTC) has completed its micro correction and is now poised to move toward the $135,000–$139,000 target zone. This expectation is supported by the following factors:
1. Completion of the Sub-Waves in Wave (4)
My analysis of wave (4) indicates that it consists of an ABC correction, where wave B formed a WXYXZ pattern.
Additionally, I have counted the sub-waves within wave C of wave (4) and observed a complete 5-wave structure, suggesting that the fifth wave of wave C has ended, confirming the completion of wave (4).
2. Cypher Harmonic Pattern Pivot Point
I have identified a Cypher harmonic pattern with a pivot point around $116,600.
The termination of wave (4) occurred close to this pivot level, followed by a new impulsive move that made a higher high and formed a clear 5-wave structure—further confirming that wave (4) has likely ended.
3. Hidden Bullish Divergence on the 4-Hour Timeframe
A hidden bullish divergence can be observed on the 4-hour chart, particularly at the end of wave (a) and wave (c).
Historically, 4-hour hidden bullish divergences have often preceded strong bullish impulses. For instance, a similar setup occurred during the bullish rally from April 9, 2025, to May 22, 2025.
4. Failure to Make a New Low After Resistance Retest
The new impulse wave that emerged after the end of wave (4) has met resistance but failed to make a new low, suggesting that a fresh upward impulse is underway.
How Far Could Wave (5) Extend?
It is important to note that the wave (5) (blue) impulse is a sub-wave of wave (5) (purple).
The lengths of wave (3) (purple) and wave (5) (purple) are currently similar, which is unlikely because both are part of the major wave V (green), where typically only one wave should extend.
Since wave (3) has already completed, wave (5) is likely to be the extended wave, with a target length between 1.272 and 1.618 times the length of wave (3).
Interestingly, two Gann fan projections point to resistance levels in the $135,000–$139,000 range, which perfectly aligns with this 1.272–1.618 extension zone.
Invalidation Point
The invalidation level is around $117,000, as the micro correction within the new impulse should not drop this low.
If BTC falls below $117,000, it could imply that wave (4) has not yet completed and may be taking another corrective form.
For example, the wave (c) we currently see might only be wave 1 of a larger wave (c), or the correction in wave (b) may still be ongoing.
However, this scenario seems unlikely given the weight of evidence suggesting that wave (4) has already ended.
"Bitcoin Bullish Reversal Setup with Target Zones (8H Chart)"This 8-hour Bitcoin/USD chart shows a potential bullish setup. Key takeaways include:
Order Block: Identified support zone for possible reversal.
TP1 to TP4: Target points for profit-taking as price moves upward.
Target Zone: Final target area near $123,252.
Expected move: A short-term dip into the order block, followed by a rally toward the target zone.
Bitcoin Extends Rally – Eyeing $121K+📊 Market Overview:
•Bitcoin is trading around $120,013, up +0.0149% on the day, with a daily range of $117,715 – $120,691 — continuing momentum after a historic rally.
•The rally is supported by strong inflows into BTC ETFs, institutional demand, and pro-crypto legislation recently passed in the U.S. House of Representatives.
📉 Technical Analysis:
• Key resistance: $121,000 – $122,000 (next technical target post breakout)
• Nearest support: $118,000 – $119,000 (aligns with 50 MA and previous consolidation zone)
• EMA 09: Price is above the EMA 09, confirming strong short-term bullish momentum
• Candlesticks / Volume / Momentum: RSI and MACD remain bullish; rising volume in ETFs and institutional flows confirm upward momentum.
📌 Outlook:
Bitcoin is likely to extend its gains in the short term if it holds above $119,000–$120,000 and institutional buying continues.
• Holding above $120,000 → potential to test $121,000 – $122,000
• Falling below $119,000 → risk of correction to $118,000
💡 Suggested Trading Strategy:
BUY BTC/USD at: 119,500 – 120,000
🎯 TP: 121,500
❌ SL: 118,500
SELL BTC/USD at: 121,000 – 122,000 (if bearish reversal signals appear)
🎯 TP: 120,000
❌ SL: 122,500
Bitcoin / U.S. Dollar 4-Hour Chart (BTCUSD)4-hour chart displays the recent price movement of Bitcoin (BTC) against the U.S. Dollar (USD) as of July 11, 2025. The current price is $117,979.53, reflecting a 4-hour increase of $1,938.91 (+1.67%). The chart highlights a significant upward trend, with a notable breakout above the $114,719.92 resistance level, reaching up to $121,362.93. Key price levels include support at $116,625.93 and resistance at $121,362.93, with buy and sell options marked at the current price.
BTC! BREAK OUT.Initially i was hesitant to call thiss bottom and I will risk my non exsistant repution. That if we break through this resistance and pump a 1-2% break through 4 hour FVG we going ballistic I dont belive in 150k this month I believe in 127-130 k and a trtacement to 113k to fill CME gap. W tradez.
BTC/USD | 2025 Top = 130k | 2026 Top = 170k+Continuing the current upwards trajectory, using Fibonacci trend analysis, we'll reach BTC's peak for 2025 @ 130-135k within the next few months.
By the end of the month / beginning of 2026, BTC will be back to 100k - this is where this strategy begins.
Enter @ 100k between the 78.6% and 100% Fibonacci levels, setting a comfortable SL down to the 61.8% Fibonacci level @ 80k. Over the course of 3-6 months we'll then reach the first peak of 2026 at the 178.6% level @ 150-160k . Close.
From this point, timelines rely purely on consistency, however considering Bitcoin's adoption and rate of growth, an upwards trend is guaranteed.
We wait for price retraction down to 120-125k near the lower 127.2% Fib level and enter. SL down at 100% Fib level @ 100-105k. Next peak for 2026 is 170k and above , possibly creating a top @ 200k.
Btcusd techinical analysis.This Bitcoin (BTC/USD) chart from TradingView illustrates a technical analysis on the 1-hour timeframe. Here's a breakdown of the key elements and possible implications:
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🔍 Chart Overview:
Current Price: $117,997.8
Timeframe: 1-hour candles
Exchange: OKX
Date/Time: July 16, 2025, 05:16 UTC
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🧠 Key Technical Patterns & Indicators:
1. Descending Triangle Breakout Setup:
A descending resistance line (in pink) is converging with a horizontal support level (around $116,000–$117,000).
The price appears to be testing the upper boundary, indicating a potential breakout.
2. Target Measurement:
The blue arrow pointing upward suggests a measured move after a breakout.
Target Price: ~ $120,957.8 (approx. 2.53% move or +2,959.8 points from breakout level)
3. Support Zone:
Strong horizontal support zone marked in purple near $116,000.
This zone has held despite a sharp dip, indicating buyer interest.
4. Previous Trend Channels:
Blue and red channels represent bullish and bearish trends.
Recent bearish
BTCUSD looking for corrective drop towards $111K!1). "Indecisive" weekly Doji retail candle! 2). Price rejection off higher times! 3). Risk indicator is heading south! 4). Trump said "BUY!" 5). There appears to be a cluster of "BUY" orders around $114$K as typically, price drops to trigger those orders!
BITCOIN BTC/USD PULLBACK STARTED BACK TO BUYZONE?Hey Traders so today looking at Bitcoin showing a strong Uptrend since April this year. Now showing more bullish momentum after a break above the narrow sideways channel at 112,000. Breakouts normally get retested. Also the best place to buy imo is right at the trend line.
The way I like to trade it is don't chase the market let it come to you. It takes patience but you will always get the best price for your trade if you are willing to wait. However some might disagree with this strategy and say you may miss the move because the market doesn't come back.
I say Who Cares if the market comes back or if it keeps rallying! 🤣
There is always another train at the station (anotherwords there are always other trading opportunities so if we miss one big deal we will another one. Most importantly we will find another one with the best price!
Anyway enough of my rant so if your bullish watch for that pullack to around 112,00-113,000 and put a stop loss below support at 107,500. It looks like a safe level not to get stopped out at.
However if Bearish wait for close below support at 107,500 before considering to sell a rally imo.
Good Luck & Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Hope This Helps Your Trading 😃
Clifford
Bitcoin May Face Short-Term Pullback📊 Market Summary
– Bitcoin trades around $118,009, retreating from its intraday high of $118,330 .
– The recent rally was primarily fueled by $14.8 billion inflows into spot BTC ETFs, lifting BTC to an ATH of $123,000 on July 14
– Profit-taking has triggered a ~3% correction
– Market awaits key CPI/PPI inflation data and regulatory clarity in the US to guide next moves.
📉 Technical Analysis
• Resistance: $123,000 – $123,100 (all-time high zone, weekly candle top).
• Support: $114,000 – $115,000 (potential retest zone, IH&S neckline, CME gap)
• EMA 9: Price remains above all major EMAs (10/20/50/100/200 day) – bullish short-term trend
• Candles / Volume / Momentum:
• Confirmed inverted head and shoulders breakout above ~$113,000 neckline
• RSI ~74 suggests overbought; short term pullback possible
• MACD bullish but on chain volumes are cooling, reflecting profit taking
📌 Outlook
– Expect a short-term cooldown/pullback toward $114,000–$115,000 for support testing.
– If support holds and ETF inflows continue, BTC could resume rally toward $130,000–$140,000
💡 Trade Strategy
🟣 SELL BTC/USD upon break below $117,000–$118,000 during retrace
🎯 TP: $115,000
❌ SL: $118,500
🟢 BUY BTC/USD at support $114,000–$115,000
🎯 TP: $120,000 – $123,000
❌ SL: $113,000
Btusdt techinical analysisThis chart shows a BTC/USD (Bitcoin to US Dollar) 30-minute time frame with a falling wedge pattern and potential bullish breakout setup. Here’s a breakdown of the key technical elements:
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🔍 Chart Analysis Summary:
1. Pattern:
Falling wedge (highlighted by the converging pink trendlines): typically a bullish reversal pattern, especially after a downtrend.
Price has broken above the wedge, indicating a possible breakout.
2. Price Action:
BTC found strong support near $116,800.
After the breakout, the expected upward move is projected by the blue measured move box, targeting around $118,400–$118,800, a 1.36% gain (~$1,591).
3. Resistance & Target Zones:
First resistance zone: $118,400–$118,800 (wedge top and measured move target).
Next major resistance: $119,600–$120,000 area.
4. Support:
Strong support marked around $116,800 (purple zone at the bottom).
If BTC breaks below this, the bearish scenario could resume.
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📈 Potential Trade Setup:
Bullish bias above wedge breakout.
Entry: Current level (if breakout holds).
Target: $118,400–$118,800.
Stop loss: Below $116,800 support zone.
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Let me know if you'd like a bearish scenario, RSI/volume analysis, or a follow-up chart.
BTC Update – Short-Term Pressure Building
Bitcoin is still being pushed down below the BB center.
RSI is trending lower, and MACD is nearing a bearish crossover.
PSAR is hovering close to price, a warning sign.
This could still be a pause before the next leg up — but don’t ignore the signs.
And just a thought: Trump Media buying $2B in BTC might’ve marked a local top.
Prepare in advance.
Always take profits and manage risk.
Interaction is welcome.
BTC Daily Outlook
In my opinion, Bitcoin looks like it might need a short pause here.
📉 It's sitting just below a key Fib level and may require some time to consolidate before making another attempt.
📌 Price is printing a possible second close below the BB center.
📉 SMA is below the BB center — not ideal.
📊 Volume saw a strong red spike on July 15
📉 OBV formed a lower high while price remains elevated (granted, it’s the weekend and volume tends to dip).
📉 RSI is below 70 and under its moving average.
Too early for a strong conclusion — but this is a caution signal.
Let’s stay alert and watch it unfold together.
Always take profits and manage risk.
Interaction is welcome.
#202529 - priceactiontds - weekly update - daxGood Day and I hope you are well.
comment: Prior weeks close was 24332 and this was it was 24386. Bulls need to continue with higher lows and bears need to break below 24000 for lower prices. Not more magic to.
current market cycle: bull wedge
key levels for next week: 24000 - 25000
bull case: Bulls are still in control until we print lower lows again. We have 2 potential bull trend lines close to the daily ema and that’s around 24200 and will be my line in the sand for bulls next week. Below, chances of 24000 go up big time. If we stay above 24300, there is no reason we can not test back up to 24500 and above that we will likely try 24700+ again.
Invalidation is below 24000
bear case: Bears need a lower low below 24000. That’s really all there is to it. As of now the selling on Friday was decent but it’s not enough to expect follow-through selling. Below 24000 I think we can test the 50% retracement at 23900 but I’d be surprised if we go lower. Only an event could trigger that. Lower targets would be as marked on the chart.
Invalidation is above 24749
short term: Neutral. I want follow-through selling but will likely won’t get it. It’s still a bull wedge until we have a daily close below 24000.
medium-long term from 2025-06-29: Bull surprise last week but my targets for the second half of 2025 remain the same. I still expect at least 21000 to get hit again this year. As of now, bulls are favored until we drop below 23000.