Bitcoin Price (BTCUSD) Prepares to Attack Stubborn Resistance – Today's Forecast – 28-07-2025
The price of Bitcoin continues to trade within an upward range in the short term, benefiting from its moving support at the simple average of 50, which enhances positive momentum and confirms the continuation of the upward trend.
The price is moving along a clear upward trend line, reflecting the buyers' control over the market currently, and preparing to attack the strong resistance at the level of $120,000, which represents an important barrier that must be broken to confirm the continuation of the rise.
On the other hand, momentum indicators have stabilized in positive areas after the previous overbought liquidation, which enhances the chances of completing the upward wave.
Support Levels:
$117,052: Important Horizontal Support
$114,586: Additional Key Support
Resistance Levels:
$120,105: Current Main Resistance
$120,872: Complementary Resistance
$123,099: Highest Expected Resistance in the Near Term
General Trend:
Upward as long as the price is above the trend line and the 50 average.
🔺 Likely Scenario:
Testing and attacking the resistance at $120,000, and if it breaks, we may see targeting higher levels
