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As of July 24, 2025, Bitcoin's (BTC/USDT) daily outlook is presenting some intriguing technical signals. The current price is hovering around 118,316 USDT, slightly below the daily opening level.
๐ Starting with RSI, the indicator is at 62, suggesting Bitcoin is in mid-to-high momentum territory. Itโs not yet in the overbought zone, but buyers still appear to be in control. This points to a continued trend supported by momentum, though caution is advised against potential overheating.
๐ The ADX indicator stands at 30, indicating a clearly established trend. While ADX confirms the strength of the trend, it doesnโt reveal the direction so we look to other indicators. ROC is in the negative, hinting at a slowing price momentum or a slight bearish lean. This contrast implies there may be a soft tug-of-war between buyers and sellers, even with an underlying trend present.
๐ OBV is showing positive accumulation, meaning buying volume outweighs selling volume. This is typically a supportive factor for ongoing price increases and signals that the market sentiment remains optimistic. ATR indicates moderate volatility, implying that daily price swings are within a manageable range.
โ ๏ธ However, negative divergences are evident across all timeframes (3-day and weekly). This means that while price has been reaching new highs, momentum indicators have not followed with equal strength. Such divergences often increase the risk of a pullback or correction, so despite the ongoing uptrend, caution remains necessary.
๐ In terms of price forecasts, two main scenarios emerge.
In the first scenario, selling pressure intensifies and price declines, with a projected close around 115,813 USDT and a relatively low probability of 8.4%. While unlikely, this shouldnโt be dismissed entirely due to persistent negative divergences.
๐ In the second and more probable scenario, Bitcoin gains further strength and closes the day around 119,345 USDT. This outcome has a high probability of 91.6%, supported by strong buying pressure and trend continuation. So, a higher close from the current price appears to be the more likely outcome.
๐ฅ Overall, Bitcoin is moving within a strong trend today, although thereโs a slight loss of momentum and the presence of negative divergences suggests cautious optimism. A daily close near 119,000 seems more likely, but sudden pullbacks canโt be ruled out. Current indicators show both opportunity and risk close monitoring is essential.
โ ๏ธ Disclaimer: The analysis and forecasts shared here are for educational purposes only and should not be considered investment advice. Always conduct your own research and seek professional guidance before making any trading decisions.
