#BTCPrediction

Bitcoin #BTC Updates now

Bitcoin chart analysis as of July 28, 2025

Short-term perspective (1-Day and 4-Hour charts)

Consolidation and weak momentum: Bitcoin has been consolidating around the $118,000-$119,000 mark after hitting a high of $122,838 earlier in July.

Neutral oscillator readings: Indicators like the Relative Strength Index (RSI), Stochastic oscillator, and Commodity Channel Index (CCI) are mostly signaling neutrality on the 1-hour chart, indicating indecision in the market. The Average Directional Index (ADX) at 26 confirms a weak trend. The Awesome Oscillator also shows a neutral value of 4,468.

Bullish moving averages: Despite the consolidation, Moving Averages (MAs) across various periods (10 to 200) paint a broadly bullish picture, pointing towards an underlying uptrend.

Volume drop: A drop in trading volume raises caution, suggesting a potential lack of conviction behind recent price movements.

Potential for short-term scalping: Some analysts suggest short-term trading opportunities between $117,800 and $118,000, with target exits around $119,800 and a stop-loss below $117,500.