๐Ÿš€ 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:


โœ… MA-7: $118K

โœ… MA-25: $110K

โœ… MA-99: $102K


This indicates a clear uptrend in both short-term and long-term perspectives.


๐Ÿ“ˆ 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.

๐Ÿ”ฎ Two-Month Outlook:

If volume stays strong and macro conditions remain favorable, we could potentially see:


๐ŸŽฏ Target 1: $125K

๐ŸŽฏ Target 2: $135Kโ€“$140K

๐Ÿ›ก๏ธ Key support: $110K (MA-25), $102K (MA-99)

๐Ÿ“Œ 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