Bitcoin has shown remarkable resilience as it closed June near $107,700, bouncing back strongly from sub-$100K support earlier in the month. As July unfolds, Bitcoin’s current price activity is testing a critical supply zone between $108,000 and $110,000, fueling hopes for a potential breakout if bullish momentum persists.
Bitcoin Price Prediction for July 2025
As we look ahead, the monthly outlook for Bitcoin suggests a bullish trend, provided the $104,000–$106,000 range continues to hold as a support level. The market saw multiple trendline breaks in June that shifted the short-term structure towards a bullish stance. Moreover, BTC has successfully reclaimed the 20/50/100 Exponential Moving Averages (EMAs), a positive indicator of potential upward movement. Significantly, the 20-day EMA, currently at $106,144, is trending upward, bolstering the bullish setup.
Despite these positive indicators, Bitcoin price remains below the red order block close to $110,500, which has been tested on several occasions. A decisive breakout above the $110,000 mark could pave the way for a climb towards $114,500 and potentially as high as $125,000.
BTC Price Indicators, Signals, and Charts (1M)
The Relative Strength Index (RSI 14) is currently positioned around 56.38, showing a gradual increase. This indicates moderate bullish momentum while not reaching overbought levels, suggesting room for further upward movement without immediate risk of a pullback.
As Bitcoin continues to navigate these levels, market participants should keep an eye on key indicators and support zones to gauge potential movement. The ongoing analysis highlights the importance of maintaining a balanced perspective on market conditions, with an emphasis on both technical factors and broader market sentiment.
For more insights and updates on Bitcoin’s price movement, visit the original source at CryptoRank.
