📈 Technical outlook and analyst comments
Strong 'Cup and Handle' pattern: This structure appeared bullish on the chart and previous resistance levels at ~108,300 dollars have now become strong support. This pattern has been supported by technical analyst Katie Stockton, who suggests the bullish trend may continue towards around 134,500 dollars in the coming weeks.
**'Golden Cross' EMA 50/200**: The bullish crossover between the 50 and 200-day exponential moving averages shows confirmation of trend strength and raises the probability of continuing towards $125,000 this week.
Relative Strength Index RSI ≈ 75: Indicates an 'overbought' condition, with a short correction wave expected before continuing the upward trend.
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🧭 Key support and resistance levels
Support: $117,800 → $118,800: the current stop region — breaking below may plunge the market towards $116,500 for deeper tests.
Resistance: First target at $122,600–$122,900, and if this level is surpassed due to institutional flows, the next target could be $130,000–$134,500.
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⏱️ Short-term scenarios
Scenario Details
Strong upward trend Continued institutional pumping – Entry of ETF flows – Support from positive legislation – Targeting 130–135 thousand with high probability.
Moderate correction RSI index heat – Some profit-taking – Slight slip towards 118–119 thousand, but remains within the overall upward trend.
Unexpected drop If it clearly breaks 117 thousand, it may indicate a deeper correction towards 116 or even 115 thousand. However, this scenario is currently less likely.
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📊 Digital forecasts
CoinCodex expects an increase to around $142,085 by July 19, a gain of +19% within a week.
Other reports indicate the possibility of a jump towards 160–200 thousand by the end of 2025, driven by institutional pumping and supportive legislation.
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✅ Technical summary
General trend: Strongly bullish supported by technical structure and positive indicators (Cup and Handle, Golden Cross, EMA).
Clear expectations for a near target at 130–135 thousand, with a chance to reach levels of 140+ thousand within 5–7 days.
Moderate risk rate: A brief technical correction may occur before continuing to rise – monitoring support at 118 thousand is very important.
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🧠 Technical recommendations
For day traders: Enter above 122 thousand with a stop below 118.5 thousand, targeting 130 thousand.
For medium-term investors: Holding 'HODL' is good as long as it remains above support, and can be added at corrections of -3% to support at 118 thousand.
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> ⚠️ Note: The market is not free from fluctuations, and appropriate risk management should be used. Technical analysis does not guarantee results and is not investment advice.
