Based on recent updates (July 14, 2025), Bitcoin has had an impressive price increase, surpassing the $120,000 mark and even reaching $122,600. Analyzing the 30-minute timeframe will provide a more detailed view of short-term price movements and identify potential entry/exit points.
Bitcoin price analysis on the 30-minute chart (M30):
When considering the 30-minute timeframe, we will focus on the most recent price movements, local support/resistance zones, and signals from short-term technical indicators.
1. Overall trend in the short term:
Strong uptrend: With the price of Bitcoin just breaking historical peaks and maintaining above $120,000, the dominant trend on the 30-minute chart is upward. Recent 30-minute candles are likely to be green (buy) with relatively long bodies, indicating very strong buying pressure.
The uptrend may pause to consolidate: After a sharp price increase, there is often a period of sideways movement or slight correction to accumulate before continuing the trend. On the 30-minute chart, you may see smaller candles, with longer upper/lower wicks or clusters of Doji/Spinning Top candles, signaling market hesitation.
2. Important support and resistance zones on M30:
Resistance: The current main resistance level is the recently established historical peak (around $122,600 or slightly higher if there is a new peak). If the price can break through and maintain above this level, it will open up opportunities to reach higher levels such as $125,000 or $128,000 (according to short-term expert predictions).
Support: Short-term support levels will be the nearest local bottoms or price areas where Bitcoin has bounced back after a correction. Based on the information that the price is trading around $120,959, important support areas on M30 could be:
$120,000: This is an important psychological threshold and also a strong previous resistance level, which may now become support.
The nearest local bottoms: For example, if there is a minor correction, support levels could be $119,000 or $118,000 depending on the chart structure.
3. Technical indicators (Visualized on M30):
RSI (Relative Strength Index): It is very likely that the RSI on the 30-minute chart will be in the overbought zone (above 70 or even above 80). This indicates strong upward momentum but also warns of the possibility of a short-term correction to relieve buying pressure.
MACD (Moving Average Convergence Divergence): The MACD line can be above the signal line and above the zero line, with the gap between the two lines widening, confirming a strong uptrend. However, if the two lines begin to converge or the histogram line decreases, it may signal that the upward momentum is weakening.
Moving Average (MA):
Short-term MA (e.g., MA10, MA20): These lines may be steeply rising and below the price, acting as dynamic support.
Longer-term MA (e.g., MA50, MA100): May be far below the price, indicating that the upward trend in the larger timeframe is also very strong.
4. Trading volume:
Volume increases as price rises: When Bitcoin breaks a peak, trading volume on the 30-minute candles can be very high, confirming the strength of the trend.
Volume decreases when price is sideways/correcting: If the price starts to move sideways or slightly corrects, volume may decrease, indicating that the selling pressure is not too strong and this could be a phase of accumulation.
Summary on the M30 chart:
Currently, Bitcoin is in a very strong uptrend on the 30-minute chart, confirmed by breaking peaks and buying pressure from ETFs. Short-term traders may look for buying opportunities when the price corrects to short-term support zones or when there are signs of strength consolidation. However, caution is necessary as the price has increased significantly and the risk of short-term corrections is always present. Monitoring trading volume and signals from technical indicators will help make more accurate decisions.
To get the most visual perspective, you should access trading platforms or chart analysis such as TradingView, Binance, CoinMarketCap and select the 30-minute timeframe for BTC/USD.