BTC sideways above 115k💎 BTC PLAN UPDATE (July 17)
NOTABLE NEWS ABOUT BTC
Bitcoin Price Forecast: BTC Recovers as Trump Steps In to Revive Crypto Legislation Momentum
Bitcoin (BTC) saw a mild recovery, trading around $119,000 at the time of writing on Wednesday, after falling nearly 2% the previous day. This rebound followed an announcement by U.S. President Donald Trump on Wednesday morning, stating that the GENIUS Act is ready to be passed by the House during the legislative “Crypto Week”, sparking optimism in the crypto market. Furthermore, institutional demand continues to grow, with spot Bitcoin ETFs recording over $400 million in inflows on Tuesday, extending the growth streak since July 2.
TECHNICAL ANALYSIS
🧠 Pattern Overview:
The chart clearly displays an Elliott Wave pattern (1) → (2) → (3) → (4) → (5) along with Fibonacci Retracement and Extension levels, helping to identify potential support and resistance zones.
1. Elliott Waves:
Wave (3) was completed around the $122,144 zone and the market is currently in the corrective wave (4).
Wave (5) is expected to move upward with targets at:
• 1.618 Fibonacci Extension: ~$127,404
• Or further: ~$130,747
2. Support Zone (grey area below):
Located around $115,000 – $116,000, which is:
• The 0.5 – 0.618 retracement of Wave (3)
• Aligned with the EMA200 and dotted black trendline support.
If the price falls into this area, it’s highly likely to bounce back and form Wave (5).
3. Danger Zone if Broken:
If this support fails, price may fall deeper to:
• $113,200 (0.786 retracement),
• Or even lower: $111,600 – $111,800
4. Potential Scenarios:
Two main outcomes:
• Continued Uptrend: Price bounces from the support zone and heads toward $127,000 – $130,000
• Breakdown: If the support breaks, a deeper decline may occur, breaking the wave structure.
Follow the channel for continuous and up-to-date analysis on XAUUSD, CURRENCIES, and BTC.
BTCUSDT.P trade ideas
$1.5 Billion ETF Inflows Could Push Bitcoin Price 4% to New ATHBINANCE:BTCUSDT is currently trading at $118,325, facing resistance at the $120,000 level. This resistance is crucial for Bitcoin if it wants to break back to its ATH of $123,218 . The 4.4% gap to reach the ATH indicates potential for growth, but Bitcoin needs to secure support above $120,000 for this to happen.
This week, spot BINANCE:BTCUSDT exchange-traded funds (ETFs) saw over $1.5 billion in inflows , a significant portion of which occurred in the last 48 hours during Bitcoin’s dip.
The influx of institutional money highlights that investors are confident in Bitcoin’s potential despite the market cooling. If this trend persists, it could propel BINANCE:BTCUSDT price upward, as institutional support provides stability.
If BINANCE:BTCUSDT can hold above $120,000 and push past $122,000, it could continue its ascent toward new all-time highs. The current market conditions and ETF inflows support a bullish outlook, with a significant chance of breaking the resistance.
However, the risk of profit-taking remains , which could lead to a price drop. If BINANCE:BTCUSDT faces selling pressure, it could fall back to $115,000 , erasing a portion of recent gains. This would invalidate the bullish thesis, causing Bitcoin to retest lower support levels.
#BTC reaches the target area, beware📊#BTC reaches the target area, beware📉
🧠From a structural point of view, we have reached the target area of the bullish structure, so we need to be alert to the risk of callbacks and do not chase the rise in the target area!
➡️From a graphical point of view, the appearance of the ascending triangle means that the daily level of the upward trend is about to come to an end, so we need to be alert to the correction of the daily level. However, it is worth noting that the bullish trend at the weekly and monthly levels is still intact.
➡️Therefore, if we want to participate in long transactions, we must wait for the callback to occur. The aggressive support level is around 114000, and the stable support area is 110000-112000.
⚠️No matter how the market develops, it is reasonable, so please do a good job of risk management, keep yourself alive first, and then seek profits!
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BITGET:BTCUSDT.P
DONT MISS OUT: BITCOIN'S PATH TO NEW HIGHS FUNDAMENTAL ANALYSIS
Bitcoin has a fixed supply cap of 21 million coins. Approximately every four years, the reward miners receive for verifying new blocks (and thus introducing new Bitcoin into circulation) is cut in half in an event known as "halving." The most recent halving occurred in April 2024, reducing the block reward from 6.25 BTC to 3.125 BTC.
Why it supports $122,000: Historically, every halving event has been followed by a significant bull run in the months to a year (or more) afterward. This is a classic supply and demand principle: reduced supply with consistent or increasing demand tends to drive prices up. The 2024 halving has further tightened the supply of newly minted Bitcoin, creating a scarcity effect that proponents believe will inevitably push the price higher.
Macroeconomic Tailwinds and "Digital Gold" Narrative:
Argument: In times of economic uncertainty, inflation, or devaluing fiat currencies, investors often seek "safe-haven" assets. Bitcoin has increasingly been viewed as "digital gold" due to its decentralized nature, scarcity, and resistance to censorship.
Why it supports $122,000: If global economic conditions continue to be volatile, with concerns about inflation and government spending, more investors may turn to Bitcoin as a store of value. This growing narrative, coupled with increasing accessibility, could lead to a substantial influx of capital from those looking to preserve wealth, further driving up the price.
Important Caveats:
Volatility: Bitcoin is notoriously volatile. While these arguments support an upward trend, significant pullbacks and corrections are always possible.
Regulatory Risk: Shifting regulatory landscapes in various countries could impact Bitcoin's price.
Competition: The broader crypto market is constantly evolving, with new technologies and competitors emerging.
Black Swan Events: Unforeseen global events or major security breaches could negatively affect the market.
Always conduct your own thorough research and consider your risk tolerance before making any investment decisions.
Bitcoin breaks through $120,000Bitcoin breaks through $120,000: long opportunities under the resonance of fundamentals and technical aspects
I. Fundamentals: Multiple positive factors drive the bull market
Institutional funds continue to pour in
The net inflow of US spot Bitcoin ETFs reached US$2.7 billion in a single week (a single-week record in 2025), and BlackRock IBIT's management scale is close to US$100 billion410.
Listed companies (such as MicroStrategy) continue to increase their holdings, with a total holding of more than 850,000 BTC, worth nearly US$100 billion6.
Policy easing expectations strengthen
The US "Cryptocurrency Week" deliberates on three key bills (the "GENIUS Act" and the "Clarity Act", etc.). If passed, it will clarify the regulatory framework and eliminate market uncertainty210.
The Trump administration promotes crypto-friendly policies, including the "National Strategic Cryptocurrency Reserve" plan, to boost market confidence69.
Macroeconomic environment support
Expectations of Fed rate cuts are rising, funds are flowing into risky assets at an accelerated pace, and Bitcoin's safe-haven properties as "digital gold" are strengthened13.
2. Technical aspects: Breaking through key resistance, upward space opens
Key breakthrough confirmed
Bitcoin breaks through the $120,000 mark, completely gets rid of the $90,000-110,000 oscillation range, and forms a daily level "ascending triangle" breaking through 210.
RSI (daily) is in the healthy range of 60-70, no overbought signal appears, MACD golden cross continues, showing strong upward momentum 69.
Support and target
Short-term support: $118,000 (previous high conversion support), if it falls below, look at $112,000 (20-day moving average).
Upward target:
Short-term: $135,000-140,000 (Fibonacci extension level + institutional bullish consensus) 910.
Medium- to long-term: $200,000 (forecast by Standard Chartered Bank, Bitwise and other institutions) 48.
Derivatives signal
Short positions intensify the rise: $740 million of short orders were liquidated within 24 hours, forming a "short squeeze" positive feedback 26.
The options market is piled with bullish bets, and the open interest of $150,000 call options expiring in December has surged by 10.
Long-term ideas, entry strategies
Positions can be opened in batches at the current price (around $120,000), with a stop loss set at $115,000 (key psychological support).
If it stabilizes in the range of $118,000-115,000, you can increase your position.
Target and risk control
First target: $135,000 (technical resistance + institutional consensus).
Second target: $150,000 (trend continuation + policy catalysis).
Be wary of short-term fluctuations: If it falls below $115,000, the trend needs to be re-evaluated.
Configuration suggestions
Main position is Bitcoin, and auxiliary position is Ethereum (ETH breaks through $3,000, with great potential for catch-up) 10.
Avoid high leverage, and pay attention to the volatility that may be caused by the implementation of US regulatory details in August 18.
Conclusion: Bitcoin is driven by policy, capital, and technology, and the bull market pattern is clear. There may be short-term fluctuations, but the trend has not changed, and buying on dips remains the main strategy.
BTC trading planBINANCE:BTCUSDT A full day has passed since my last update. We’re now witnessing a clear bull-to-bear reversal in market sentiment. The hourly RSI is deeply oversold, but the 4-hour RSI still has room to drop further. Price is aggressively targeting the weekly pivot at $115,334. With the local trendline and the $119K level broken, the orange scenario is now in motion. A short pullback is possible before the next leg down toward $110K. For details, see yesterday’s video
Trade safe and stay adaptive
Where is the mid-term target for #BTC?📊Where is the mid-term target for #BTC?
🧠From a structural perspective, the bullish structure at the weekly and monthly levels is intact, so any increase is reasonable. We are approaching the target area of 132k-175.5k at the weekly and monthly levels. Please remember to lock in profits for spot trading.
➡️The weekly closing price is higher than the weekly resistance line, so the resistance line turns into a support line. If the price can return here again, you can look for bullish signals to participate in some long trades.
⚠️Short trading is a counter-trend trade, so we need to be cautious enough, and risk management is a must.
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BINANCE:BTCUSDT
Bitcoin (BTCUSDT) Potential Move from $43,600 to $120,000Description:
Based on the current weekly chart analysis for Bitcoin / Tether Standard Futures (BTCUSDT), there is a significant potential for Bitcoin to move from $43,600 to $120,000. Below are the key points observed:
Current Price: Bitcoin is currently trading at approximately $54,806.45, down by 5.75%.
Elliott Wave Analysis:
The chart indicates a potential ABC correction pattern.
Wave A has completed, and Bitcoin is currently in Wave B, which suggests an upcoming bullish Wave C.
Support and Resistance Levels:
The primary support level is at $39,987.31.
The significant resistance level and target is the area around $120,000.
Fibonacci Retracement Levels:
38.2% Retracement: $31,145.00
50.0% Retracement: $23,356.00
61.8% Retracement: $15,568.00
Indicators:
RSI shows potential bullish divergence indicating a possible upward move.
Volume profile indicates strong accumulation in the lower price ranges.
Extrem Buy Alert: The chart highlights an "EXTREM BUY ALERT," suggesting that the current levels could be a significant buying opportunity before the expected upward move.
Chart Details:
Timeframe: Weekly (1W)
Ticker: BTCUSDT.PS
Exchange: Binance
Disclaimer: This analysis is based on historical data and technical indicators. It is not financial advice. Please conduct your own research before making any trading decisions.
Bitcoin at a Crossroads: Key Levels to WatchThis 30-minute chart for Bitcoin (BTC/USDT) shows the price consolidating within a range after a strong upward rally. The key levels drawn on the chart outline a potential trading plan for the next short-term move.
Asset: Bitcoin / TetherUS (BTC/USDT)
Timeframe: 30-Minute (Short-term outlook)
Current Situation: After a significant price surge on July 11th, Bitcoin has entered a sideways consolidation phase. The price is currently making a move towards the top of this range, approaching a critical resistance level.
Key Levels Explained
Immediate Resistance (~$118,000): The red horizontal line marks the immediate resistance. This is a crucial level that has previously rejected the price. For the current upward momentum to continue, Bitcoin must decisively break and hold above this price ceiling.
Primary Target / Supply Zone (~$118,900 - $119,100): The green box above represents the next major resistance area or "supply zone." This is the logical target for bulls if they can successfully break through the immediate $118,000 resistance.
Potential Scenarios
Bullish Scenario: If Bitcoin breaks through the $118,000 red line with strong volume, it would signal a potential continuation of the uptrend. Traders would then look towards the green box around $119,000 as the next take-profit area.
Bearish Scenario: If Bitcoin fails to break the $118,000 resistance and gets rejected, it is likely to fall back towards the lower end of its current range. The recent lows around $117,000 - $117,200 would act as the first line of support.
I see that you are in profit, but your voice is not heard.Hello friends...
I see that you are in profit, but you are not making any sound.
As we mentioned in previous analyses, the upward trend has started, now the scenario ahead must be considered.
Like previous analyses, I still consider the area of $134,000 to $137,000 to save profit in this upward trend.
After the price of Bitcoin reaches the said area, you can save profit or think about selling Bitcoin.
But Bitcoin targets are higher than this desired number, but for some reasons (such as US tariffs and war), we cannot give high targets. In future analyses, I will say what our team thinks is the ceiling of this Bitcoin upward cycle.
So follow the page so that you don't miss the analyses.
More upside for BitcoinHi traders,
Last week Bitcoin made a small move down before it shot up again.
It looks like this is wave 3 so we could see a small correction down and more upside for this pair.
Let's see what the market does and react.
Trade idea: Wait for a small correction down on a lower timeframe and a change in orderflow to bullish to trade longs.
If you want to learn more about trading FVG's with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my analysis.
Don't be emotional, just trade your plan!
Eduwave
Bitcoin - Bull Trap! Don't get caught (Buy at 102,909 USD)Bitcoin has been pumping last week, but the problem is that the bulls made a false breakout above the bullish flag / descending channel. We see that the price went above the channel but failed to continue in the uptrend. This is called a false breakout of a pattern or a bull trap. Usually what happens next is that the price goes in the opposite direction!
That's a pretty bearish case because the bulls are now trapped in their long position, and we all know that the whales need liquidity (orders and stop losses). That's why they will be ready to push the price to the downside, potentially to the 0.618 Fibonacci retracement of the previous impulse wave.
From the Elliott Wave perspective, this is a bullish setup, but we have just finished an impulse wave (1), so we should wait for an ABC correction (wave (2)) to form before entering a long position. I expect Bitcoin to hit 102,909 USD in the short term because there is the 0.618 FIBO. Also, we have an unfilled FVG between 102k - 104k on the daily chart. Usually these kinds of gaps tend to be filled sooner rather than later; that's why I expect a pullback.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades! Trading tip at the end: Organize Personal Life - Professional traders have great management of their personal life as they keep their trading activities from personal concerns. Balancing your personal life is essential to achieve harmony as well as improve your performance in trading.