🚀 Bitcoin (BTC/USDT) Weekly Chart Analysis – July 2025 Price: $117,974.73 | Binance | 1W Timeframe
🚀 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
BTCUSDT
Perp
118,019.9
-0.37%
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.
