$BTC
BTC/USD chart for one day via Bitstamp on Thursday, July 24, 2025. The 4-hour chart shows Bitcoin trapped in a horizontal range between $116,000 and $120,000, with multiple responses in the upper range indicating buyer exhaustion. Volume analysis reveals a downward trend on bullish candles, suggesting weakening demand. Additionally, a potential head and shoulders pattern is forming, which could indicate an upcoming reversal if the neckline support fails. Immediate resistance is at $120,297, while the swing low support holds at $116,186. Traders are advised to closely monitor the $116,000 level, as a breakdown could negate the broader bullish outlook.
