💎 BTC PLAN UPDATE (July 23rd)
NOTABLE NEWS ABOUT BTC
Bitcoin (BTC) and Ripple (XRP) are approaching their all-time highs, while Ethereum (ETH) continues to grow steadily toward the important $4,000 mark. These top three cryptocurrencies by market capitalization are showing signs of a new bullish momentum, supported by strong technical structures and increasing investor interest.
TECHNICAL ANALYSIS PERSPECTIVE
1. Main Trend
The overall trend remains bullish, with a clearly rising price channel (black diagonal line).
However, BTC is currently in a short-term correction phase, consolidating sideways after the recent strong surge.
2. Key Price Levels
🔵 Strong Support Zone: 116,000 – 117,000 USDT
This zone includes the 200-day moving average (MA200), horizontal support, and a previous bottom — making it a decisive area for the short-term trend.
If this zone breaks, BTC could fall to a deeper support area around 111,000 USDT.
🔴 Resistance Zone: 122,000 – 123,000 USDT
This is a previous peak and a recently “false breakout” area — a strong psychological resistance.
If broken convincingly, BTC could surge to the 130,000 USDT zone (Fibonacci extension 1.618).
3. Possible Scenarios
✅ Bullish Scenario:
Price retests the 116,000 – 117,000 support zone and then bounces.
If it breaks through the 122K resistance, the next target is 130,000 USDT.
❌ Bearish Scenario:
If price breaks below MA200 and the 116K support zone → it could drop to the deeper zone around 111,000 USDT.
4. Technical Signals
There is a triangle accumulation pattern (with flat tops and bottoms).
The “false breakout” at the resistance zone shows that buyers are not yet strong enough and a retest of support is needed.
Follow the channel for the latest and continuous updates on XAUUSD, CURRENCIES, and BTC.
NOTABLE NEWS ABOUT BTC
Bitcoin (BTC) and Ripple (XRP) are approaching their all-time highs, while Ethereum (ETH) continues to grow steadily toward the important $4,000 mark. These top three cryptocurrencies by market capitalization are showing signs of a new bullish momentum, supported by strong technical structures and increasing investor interest.
TECHNICAL ANALYSIS PERSPECTIVE
1. Main Trend
The overall trend remains bullish, with a clearly rising price channel (black diagonal line).
However, BTC is currently in a short-term correction phase, consolidating sideways after the recent strong surge.
2. Key Price Levels
🔵 Strong Support Zone: 116,000 – 117,000 USDT
This zone includes the 200-day moving average (MA200), horizontal support, and a previous bottom — making it a decisive area for the short-term trend.
If this zone breaks, BTC could fall to a deeper support area around 111,000 USDT.
🔴 Resistance Zone: 122,000 – 123,000 USDT
This is a previous peak and a recently “false breakout” area — a strong psychological resistance.
If broken convincingly, BTC could surge to the 130,000 USDT zone (Fibonacci extension 1.618).
3. Possible Scenarios
✅ Bullish Scenario:
Price retests the 116,000 – 117,000 support zone and then bounces.
If it breaks through the 122K resistance, the next target is 130,000 USDT.
❌ Bearish Scenario:
If price breaks below MA200 and the 116K support zone → it could drop to the deeper zone around 111,000 USDT.
4. Technical Signals
There is a triangle accumulation pattern (with flat tops and bottoms).
The “false breakout” at the resistance zone shows that buyers are not yet strong enough and a retest of support is needed.
Follow the channel for the latest and continuous updates on XAUUSD, CURRENCIES, and BTC.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
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.
Dear My Friends,
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
NOVA returns and updates new information
✅ Gold Scalping Signal: 4 - 6 signals.
✅ Forex Signal: 5 - 8 signals.
✅ Trading Idea / Setup / Technical.
✅ NEW UPDATE : Signals free in Telegram:
t.me/+1mFSljRaI5RlNjg1
Related publications
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.