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Bitcoin Price Prediction – July 24, 2025
Bitcoin is in a clear and powerful uptrend, currently undergoing a healthy consolidation just below its recent all-time high. The market sentiment is overwhelmingly bullish, with the price holding firmly above the 20-day simple moving average (the middle Bollinger Band), which is acting as strong dynamic support. This price action suggests the market is merely pausing to gather strength before a potential attempt at further price discovery.
The Money Flow Index (MFI) indicator supports this view, holding steady above the 50 level. This indicates that positive money flow is sustaining the price, yet it is not in extreme overbought territory, suggesting that the rally has more room to run after this consolidation phase concludes.
BTC/USD Market Key Zones:
Resistance Zones: $123,350, $120,000
Support Zones: $111,890, $105,500
BTC/USD – Daily Chart
The daily chart for BTC/USD shows a classic bullish structure. Following a decisive breakout from a multi-week range in early July, the price entered a strong upward rally. It is now trading in a tight horizontal range, forming a bullish flag pattern just below the peak resistance at $123,350
This type of consolidation is constructive and indicates that buyers are absorbing any selling pressure and are unwilling to let the price drop significantly. The rising 20-day SMA continues to be the key level for trend followers to watch.
What is the next move for BTCUSD?
The path of least resistance for Bitcoin is a continuation of its primary uptrend. The next logical step is a breakout above the current consolidation and the all-time high at $123,357.1. A successful and sustained move above this level would signal the start of the next leg higher, entering a new phase of price discovery. Conversely, a failure to hold the consolidation and a break below the $111,890 support would be the first sign of bearish pressure, potentially leading to a deeper correction. However, the current evidence strongly favors the bullish continuation scenario.
Bitcoin (BTC/USD) 4 Hour Analysis
The 4-hour chart provides a closer look at the current consolidation phase. It reveals an extremely tight Bollinger Band squeeze, which signals that volatility has dropped significantly and a sharp price movement is imminent. A breakout from this squeeze will likely determine the market’s next short-term direction. A move above the upper band (around $120,000) would support the bullish case for a retest of the all-time high. Also a break below the lower band (around $117,000) could trigger a deeper pullback.
Bitcoin (BTC) Current Statistics
Current price: $118,915.1
Market Capitalization: $2,340,000,000,000
Trading Volume: $35,800,000,000 Billion
https://cryptosignals.org/technical-analysis/bitcoin-btc-usd-extends-bullish-rally-as-it-remain-poised-for-new-discovery/
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