Bitcoin Price Analysis (July 19, 2025)

Bitcoin traded at $118,434 with a market cap of $2.35 trillion. Its 24-hour trading range was $117,010 to $119,529, with a volume of $42.72 billion.

Overview

Bitcoin showed a bullish trend as it rose from below $100,000 to around $123,236 before pulling back slightly. A significant bearish engulfing candle at the peak hints at possible short-term exhaustion, leading some traders to take profits. Nonetheless, the trend of higher highs and lows remains intact.

Key Levels

• Support Zone: $115,000 – $116,000
• Resistance Zone: $122,000 – $123,000

4-Hour Chart Analysis

• After reaching $123,236, Bitcoin retraced, finding support around $115,729, leading to consolidation between $116,000 and $120,000. Although there was some buying, momentum remained weak.
• Strategic entry points near the low of this range might provide good risk-reward opportunities, targeting $120,000 to $121,000.

1-Hour Chart Insights

• A short-term base was observed around $116,915, showcasing a minor upward trend. However, the rebound lacked strong volume, leading to narrow trading between $117,000 and $118,800.
• Scalping within this range is suggested, entering around $117,000 – $117,500 and targeting exits near $118,800 – $119,000.

Oscillator Observations

• RSI: 67 (nearly overbought)
• Stochastic: 71
• CCI: 68 (neutral)
• ADX: 27 (weak trend)
• MACD: Bullish signal at 3,301
• Awesome Oscillator: 8,565 (neutral)

Moving Averages Analysis

• All major moving averages (10, 20, 30, 50, 100, 200-period) support a bullish outlook. The 10-period EMA is at $117,148, closely following the current price.

Conclusions

Bull Verdict:

Despite recent consolidation, the upward trend remains strong. A breakout above $120,000 with significant volume could lead to retesting $123,000 and possibly reaching new highs.

Bear Verdict:

Bearish signs are emerging as momentum wanes. If Bitcoin fails to maintain support at $115,000, it could face a drop to the $112,000-$110,000 levels due to insufficient previous consolidation.