BTC Market Technical Analysis – 14 July 2025

Today’s analysis based on live price data above.
Market Overview
Bitcoin is trading around $121,023, after reaching an intraday high near $122,852 and dipping to a low near $118,427. The price reflects a strong uptrend and remains above key support levels.
Trend and Price Action
Short-term trend: Clearly bullish, with higher highs and higher lows pushing price above recent consolidation zones.
Mid-term trend: Sustained uptrend since the breakout above $110,000.
Long-term trend: Strong recovery, with BTC well above its 200-day moving average.
Technical Indicators
RSI remains in a moderate bullish range, between 60–70, suggesting continued upside without overheating.
MACD is positive and widening, confirming uptrend momentum and institutional buying pressure.
Moving Averages: BTC is well above its 50-day and 200-day averages, reinforcing bullish bias. Short-term MAs are crossing upward, hinting at further strength.
Chart Patterns and Setup
Bitcoin is exhibiting a bull flag pattern on the 4-hour chart following a sharp move upward. The consolidation between $119,000 and $122,800 suggests a pause before further extension. A clean breakout above $122,800 could signal continuation toward $125,000. Conversely, a move below $119,000 may trigger a pullback toward $118,427 or even test $115,000.
Trade Ideas
Bullish Scenario
Entry: around $121,000–$122,000 on dip and bounce
Targets: $125,000 → $128,000
Stop Loss: below $119,000
Caution Scenario
Breakdown trigger: below $119,000
Targets on breakdown: $118,427 → $115,000
Stop: just above $121,000 for short-term trade
Summary
Bitcoin remains in a strong bullish trend today. Key levels to observe are support at $119,000 and resistance at $122,800–$123,000. A breakout above resistance could lead to a rally toward $125,000–$130,000. A breach of support may signal a retracement to lower levels. Monitor volume and momentum for confirmation and manage trades with clear entries and stops.
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