BTC/USDT Price Forecast: July–August 2025
Bitcoin has been trading around $119k (24h high ~$119.7k, low ~$116.5k) after a recent surge to roughly $122–123k. The market saw a quick pullback (a “standard retracement” after the run-up) that held above ~$116k. Overall sentiment remains cautiously bullish – analysts note BTC is well above its 50- and 200-day moving averages (a bullish setup), and recent volume spiked on rallies, suggesting strong buying interest. Key support is found near ~$115–116k (near the 50-day EMA), while resistance lies around $120–121k. In other words, the coin must defend the $115k–$116k zone to avoid deeper drops.
Technical Indicators
Moving Averages (MAs): The short-term MA has crossed above the long-term MA (a “golden cross” near ~$116k), a classic bullish signal. BTC is trading above both its 50-day and 200-day MA, indicating the medium-term trend is up. (Historically, such golden crosses have preceded big rallies.)
Volume: Trading volume is elevated – recent 24h volume jumped ~20% on up days. Rising volume along with price gains is a bullish confirmation.
Momentum (RSI/MACD): The 14-day RSI is around 70–75 (slightly overbought), so a short-term pullback is possible before any further rise. MACD is positive and rising, reinforcing bullish momentum. In sum, momentum indicators favor the bulls but caution that BTC is not deeply oversold.
Support & Resistance Levels
Support: ~$115,000 (strong prior low) and ~$116,000 (near the MA). A break below ~$115k could open the way down to the broader $111k–$112k zone.
Resistance: ~$118,500 (upper Bollinger band) and ~$119,000–$120,000. A sustained break above ~$120k would signal a bullish breakout. In that case, analysts project upside targets near $130k–$135k in the coming months. For example, a crypto-quant model suggests a ~20–25% rally from current levels (pushing BTC above $140k) is plausible.
