Based on the latest technical analysis and market data up to July 22, 2025, here are the price predictions for **Bitcoin (BTC)** for the **next 48 hours** (July 23-24, 2025), with detailed analysis of influencing factors:
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### 📊 **Main Forecasts for Today and Tomorrow**
| **Date** | **Expected Range** | **Direction** | **Probability of Execution** |
|-------------------|--------------------------|-------------|----------------------|
| **July 23** | $119,900 - $121,000 | Limited Rise | 60% |
| **July 24** | $120,300 - $121,900 | Moderate Rise | 55% |
- **Maximum Upside Target**: $121,900 (+1.7% from the current price).
- **Critical Support**: $119,000 (losing it could cause a drop to $118,000).
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### 🔍 **Factors Supporting the Rise**
1. **Positive Technical Indicators**:
- **Moving Averages**: Trading above the 50-day moving average (MA50) at $116,500, reinforcing the upward momentum stability.
- **RSI (Relative Strength Index)**: at 52.9 (neutral with an upward bias), without reaching the overbought stage (>70).
- **Trading Volume**: Its increase above $60 billion daily supports the continued rise.
2. **Resistance and Support Levels**:
- **Strong Resistance**: $120,000 (breaking it could trigger a rapid rise).
- **Immediate Support**: $119,000 (stability above it reduces the risk of a sharp downturn).
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### ⚠️ **Risk Factors and Potential Downturn**
- **Selling Pressures at Resistance**:
Repeated failure to break $120,000 over the past few days, with sell signals appearing near this level.
- **Potential Overbought**:
**Stochastic RSI** indicator at 75 (close to overbought) may cause a rapid technical correction.
- **Overall Market Volatility**:
Bitcoin's strong correlation with fluctuations in global indices (like S&P 500) may increase risks if markets experience downturns.
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### 📉 **Potential Scenarios**
1. **Optimistic Scenario (60%)**:
- Break of $120,000 with high trading volume support (> $65 billion).
- Rise towards $121,900 by July 24.
2. **Neutral Scenario (30%)**:
- Sideways trading between $119,000 - $120,000 with sharp fluctuations.
3. **Pessimistic Scenario (10%)**:
- Breaking support at $119,000 and dropping to $118,000 due to negative news or a sharp decline in trading volume.
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### 💡 **Immediate Trading Recommendations**
- **For Buyers**:
Entry at $119,500 - $119,800, with a stop loss below $119,000.
Profit target: $121,000 (+1%).
- **For Sellers**:
Monitoring at $120,000; entering sell positions if clear rejection signals appear (like long bearish candles).
- **For Holders**:
Waiting for a break of $120,300 to confirm the upward trend.
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### 📌 **Summary: Cautious Uptrend**
> - **Most Likely Scenario: Limited Rise** of 1-1.7% over the next 48 hours, with repeated testing of the $120,000 level.
> - **Critical Point**: Breaking $120,300 will boost confidence in the upward trend.
> - **Main Risks**: Technical overbought or declining trading volume.
> **Final Advice**: Focus on real-time trading data at 10:00 GMT+3 (opening of the European market), where momentum and volume indicators will be critical.
