Diann Staudenmeier TpY6

🚀 Bitcoin (BTC/USDT) Weekly Chart Analysis – July 2025

Price: $117,974.73 | Binance | 1W Timeframe

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📊 Bitcoin Bulls Hold Ground After Testing All-Time High Region

Bitcoin (BTC) continues to command the spotlight as it hovers just below the $120,000 mark, trading at $117,974.73. Although BTC has pulled back -1.30% in the last 24 hours, the broader technical outlook remains bullish, with price consolidating after a powerful surge earlier this year.

🔍 Chart Overview & Technical Insights

🔼 1. Major Bull Run Structure

BTC has rallied from $19,549.09 (early 2024 lows) to a peak of $123,218, reflecting a monumental uptrend of over 530%. This is a clear sign of strong institutional interest, global adoption, and rising investor confidence in crypto.

🟢 2. Moving Averages (MA) Show Strong Trend Support

MA(7): 109,559 – closely hugging price action, showing short-term strength.
MA(25): 97,604 – steadily rising, confirming medium-term momentum.
MA(99): 69,568 – long-term trend firmly bullish.

BTC is trading well above all key moving averages, which confirms that bulls are in control.

🧱 3. Key Support & Resistance Zones

Immediate Resistance: $123,218 (weekly high)
Immediate Support: $105,594
$BTC

Strong demand zone near $98,000–$100,000 backed by MA(25)

📉 4. Volume Activity

Volume has slightly tapered off compared to earlier in the rally.
Still, no signs of heavy distribution or panic selling — suggesting this is healthy consolidation, not a trend reversal.

🕯️ 5. Candlestick Behavior

The current weekly candle shows long wicks on both ends, signaling indecision between bulls and bears.
However, the body remains above key MAs, suggesting buying pressure is still present.

🧭 What to Expect Next?

✅ Bullish Scenario (Favorable)

If BTC closes this weekly candle above $118,000, momentum could push it back toward $123K+, with a possible breakout to $128,000–$130,000.

Long-term trajectory remains upward as long as it holds above $105,000.

⚠️ Bearish Possibility (Short-term Pullback)

Failure to reclaim $120K+ in the coming week may lead to a retracement toward $105,000–$100,000, which would offer a solid buy-the-dip zone.

📈 Performance Snapshot

Past 7 Days: +0.22%
30 Days: +13.95%
90 Days: +38.56%
1 Year: +85.73%

These gains underline Bitcoin’s long-term strength, even with short-term volatility.

🧠 Final Verdict: Bullish with Caution

Bitcoin remains in a strong uptrend, though price is cooling off slightly below resistance. As long as BTC holds above $105K and consolidates above major MAs, bulls are likely preparing for the next breakout leg toward $130,000 and beyond.

Traders should watch the $123K resistance and $105K support closely for breakout or breakdown confirmation.

Would you like a combined ETH vs BTC trend outlook or short-term (4h/1h) analysis too?