BTC/USD Technical Analysis – July 22, 2025
📈 Market Structure Overview:
The chart illustrates a recent Break of Structure (BOS) both to the upside and downside, indicating volatility and a shift in market sentiment. The price action formed a descending channel, followed by a breakout with strong bullish candles, suggesting a momentum reversal.
🧱 Support Zone (Demand Area):
Key Level: $116,400 – $116,900
This zone has acted as a strong demand level, with clear evidence of buying pressure pushing BTC higher after testing this area. The volume profile (VRVP) supports this, showing heightened trading activity at this price.
🔄 Bullish Breakout Confirmation:
A bullish breakout from the descending channel occurred just above the support zone, aligning with the label "Bullish Momentum".
The breakout candle has closed above minor resistance, which increases the probability of a trend reversal.
📍 Price Target:
The projection points toward $120,000, aligning with previous resistance and psychological round-number resistance.
This target is highlighted by an expected bullish leg after a possible retest of the breakout zone around $117,500 – $117,800.
🧭 Key Levels to Watch:
Support: $116,400 – $116,900
Retest Zone (Buy Opportunity): $117,500 – $117,800
Immediate Resistance: $118,400
Major Resistance / Target: $120,000
📊 Summary:
BTC/USD has shown a bullish reversal signal from a well-respected support zone after a descending correction phase. The current price structure, volume buildup, and breakout momentum suggest a high probability of continued upside movement toward the $120,000 mark. A successful retest of the breakout zone would provide a strategic entry for long positions with tight risk management.
📈 Market Structure Overview:
The chart illustrates a recent Break of Structure (BOS) both to the upside and downside, indicating volatility and a shift in market sentiment. The price action formed a descending channel, followed by a breakout with strong bullish candles, suggesting a momentum reversal.
🧱 Support Zone (Demand Area):
Key Level: $116,400 – $116,900
This zone has acted as a strong demand level, with clear evidence of buying pressure pushing BTC higher after testing this area. The volume profile (VRVP) supports this, showing heightened trading activity at this price.
🔄 Bullish Breakout Confirmation:
A bullish breakout from the descending channel occurred just above the support zone, aligning with the label "Bullish Momentum".
The breakout candle has closed above minor resistance, which increases the probability of a trend reversal.
📍 Price Target:
The projection points toward $120,000, aligning with previous resistance and psychological round-number resistance.
This target is highlighted by an expected bullish leg after a possible retest of the breakout zone around $117,500 – $117,800.
🧭 Key Levels to Watch:
Support: $116,400 – $116,900
Retest Zone (Buy Opportunity): $117,500 – $117,800
Immediate Resistance: $118,400
Major Resistance / Target: $120,000
📊 Summary:
BTC/USD has shown a bullish reversal signal from a well-respected support zone after a descending correction phase. The current price structure, volume buildup, and breakout momentum suggest a high probability of continued upside movement toward the $120,000 mark. A successful retest of the breakout zone would provide a strategic entry for long positions with tight risk management.
Trade closed: target reached
Bitcoin has successfully hit the projected target following a confirmed breakout from a bullish continuation pattern. The move was supported by strong volume, clean structure, and momentum indicators like RSI and MACD confirming the trend.
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Market Analyst | XAU/USD Focused
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Educational Content & Technical Breakdowns
Premium VIP Signals & Market Insights
Forex Mentorship & Live trades & strategies shared daily
Join our Telegram t.me/Mentor_Michael033
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.