Here’s the updated technical breakdown and 4‑hour forecast for Bitcoin (BTC/USDT) as of July 18, 2025:
🔍 Technical Snapshot
Current Price: ~$117,621, after an intraday high of $120,714 and low of $117,523.
Chart Pattern: Approaching a breakout above the short-term resistance near $120K, supported by EMA50 and RSI momentum
📐 Key Levels
Level Zones
Support $117,500–$117,600 (recent consolidation), then $115,400–$115,000
Resistance $120,200–$120,700, then $121,400–$123,200
⚙️ Indicator Overview
RSI (4H): ~58 — showing bullish momentum but not yet overbought
MACD (4H): Bullish crossover recently confirmed
Volume: Higher on upward moves, supporting bullish continuation
Pattern: Breakout from cup-and-handle noted, pointing toward upside targets of $135K–$142K
📈 4‑Hour Forecast
🟢 Bullish Scenario:
Entry: on pullback to $118K–$119K or breakout above $120.7K
Targets: $121.4K → $123K → $125K
Stop‑Loss: below $117.5K
🔻 Bearish Scenario:
Breakdown below $117.5K → could retest $115.4K or even $114K
Bias: Overall bullish in the short term — breakout signals are strong, though stop level is key.
🧭 Trade Plan
Consider adding on pullbacks to the $118K–$119K zone with tight stop-losses
Scale into a breakout above $120.7K–$121.4K watching for strong volume
HODLers: this setup aligns with longer-term bullish projections toward $135K–$142K
🛑 Disclaimer:
This is for educational purposes only and not financial advice. Always do your own research and manage your risk.
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