Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
BTCUSD Market Analysis – July 17
Bitcoin faces a potential bearish pullback as waning buyer momentum and overbought technical indicators suggest a short-term correction within the broader bullish trend.
Bitcoin (BTCUSD) Key Levels
Support Levels: $97,400.00, $82,500.00
Resistance Levels: $110,100.00, $124,300.00
BTCUSD Long-Term Trend: Bullish
Bitcoin has maintained a bullish trajectory since mid-May 2025, when price action broke structure to the upside, signaling strong market demand. However, following this bullish breakout, BTC entered a consolidation phase as the $110,100 supply level acted as a significant resistance barrier.
In early July, Bitcoin resumed its upward move with a sharp bullish surge that finally breached the $110,100 resistance, driving price toward the $124,300 supply level. Despite this momentum, the bullish run showed signs of exhaustion.
The daily Relative Strength Index (RSI) revealed overbought conditions as price approached the $124,300 mark, triggering the current bearish reaction. This development signals a weakening of bullish pressure and increases the likelihood of a bearish pullback in the short term.
BTCUSD Medium-Term Trend: Bearish
On the 4-hour chart, price action reveals a clear bearish structure shift. This short-term weakness is further confirmed by the RSI, which shows declining momentum and a lack of bullish continuation.
Given the bearish structural break, Bitcoin is expected to extend its short-term decline, potentially forming a new lower low by taking out the previous short-term support. However, this bearish movement is interpreted as a corrective phase within the larger bullish trend and not a complete trend reversal.
Make money without lifting your fingers: Start using a world-class auto trading solution
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
