Finished July $BTC with an increase of +8.05%, reflecting a strong buying wave especially in the second half of the month, keeping the upward trend intact.
📈 Important technical levels:
🔹 Major resistance: $123,000 – $125,000
A strong area where we witnessed price rejection during July, acting as a barrier against any surge towards new highs.
🔹 Important support: $111,000 – $108,000
Expected to hold as a rebound area in case of a correction during August.
📉 Negative scenario:
Breaking the mentioned support may bring the price back to the range of $105,000 – $101,500, especially if negative economic data or weakness in overall momentum appears.
🔮 August 2025 forecasts:
As long as the price remains above 110K, the market retains its positivity.
A clear break above 125K could open the way towards 135K – 140K.
Caution is required, as the market remains sensitive to economic data and interest rates.
📌 Note:
Currently, a medium-term support base is forming that could support a new rise, but we need confirmation through strong trading volume and a clear break of resistance.