#CryptoMarket4T To provide an assessment of Bitcoin's price trend on the 1-hour frame (H1), detailed technical analysis is needed by examining candlestick charts, technical indicators (such as RSI, MACD, Bollinger Bands, Volume), and important support/resistance levels. However, with the current information, I can provide some general observations and factors to monitor: General situation from news sources: * Bitcoin has had strong price surges recently, surpassing important milestones like 116,000 USD and even 120,000 USD. Some optimistic forecasts suggest that BTC could reach 160,000 USD - 165,000 USD or even 200,000 USD by the end of 2025.
Historical local peaks: If ETH has broken the recent peak, that peak will be the next resistance if the price returns to retest.
Major psychological level: With BTC surpassing 120k, ETH may be approaching or has surpassed important psychological milestones like 4,500 USD, 5,000 USD (if not yet reached), or targeting further milestones like 5,500 USD, 6,000 USD if there is strong momentum. You need to identify the most recent peak on H4 to know the immediate resistance.
Based on recent updates (July 14, 2025), Bitcoin has had an impressive price increase, surpassing the $120,000 mark and even reaching $122,600. Analyzing the 30-minute timeframe will provide a more detailed view of short-term price movements and identify potential entry/exit points.
Bitcoin price analysis on the 30-minute chart (M30):
When considering the 30-minute timeframe, we will focus on the most recent price movements, local support/resistance zones, and signals from short-term technical indicators.
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The price of Bitcoin has experienced significant growth recently, especially on July 11, 2025, when it broke past old records and surpassed $116,000. The overall trend indicates cautious optimism from analysts and investors. Bitcoin price trend assessment: Dominant upward trend: Based on current information, Bitcoin is in a strong bullish trend. Breaking through previous highs indicates overwhelming buying pressure. Driving factors include:
Short-term prediction (from a few weeks to a few months ahead):
July 2025: Some predictions suggest that Bitcoin may fluctuate around the level of 104,000 - 125,000 USD in July, with the possibility of establishing a new local peak.
August-October 2025: Forecasts continue to expect an upward trend, with an average that could reach 120,000 - 140,000 USD.
Resistance and support: Currently, Bitcoin is trying to maintain above the level of 113,000 USD. The next resistance levels could be 116,000 USD, 118,000 USD. Important support levels are around 112,214 USD and 110,174 USD.