#BTC Update #7 – July 15, 2025

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#BTC Update #7 – July 15, 2025

Bitcoin is currently within the consolidation zone where it previously paused during its last upward move. From this zone, it had previously bounced and created a new all-time high. It is now undergoing a correction, and the level it has reached aligns with the 0.382 Fibonacci retracement, which is perfectly normal for a first stop in a correction.

If the correction continues, the second stop could be around $114,795, and the third around $113,012. If it reaches these levels, it will have filled at least half of the imbalance created during the previous rally.

Looking at the volume, I anticipate that Bitcoin might start to bounce from this level. If it manages to break above the $122,666 zone, the next target would be around $127,172.

I do not plan to buy Bitcoin here unless I see a high-volume green candle. However, if Bitcoin breaks above the $118,900 level with strong volume, a long position might be considered, as the target would likely shift toward the $127,000 range.

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