๐ Bitcoin (BTC) Technical Outlook โ Daily Chart
Date: July 16, 2025
Price: $119,171.59
Bitcoin is showing strong bullish momentum after breaking past the $110K resistance level. The price remains above the key moving averages:
โ
MA-7: $118K
โ
MA-25: $110K
โ
MA-99: $102K
This indicates a clear uptrend in both short-term and long-term perspectives.
๐ Recent retracement from the $123K level looks healthy, likely a natural correction after a strong rally. As long as BTC holds above $115Kโ$116K, the bullish structure remains intact.
๐ฎ Two-Month Outlook:
If volume stays strong and macro conditions remain favorable, we could potentially see:
๐ฏ Target 1: $125K
๐ฏ Target 2: $135Kโ$140K
๐ก๏ธ Key support: $110K (MA-25), $102K (MA-99)
๐ Conclusion:
BTC is still in a strong bullish structure. Minor corrections are expected but may serve as buy-the-dip opportunities. Watch volume closely โ momentum is on the bullsโ side (for now).
$BTC