Bitcoin (BTC) Price Prediction for July 25

The Bitcoin price today is trading near $115,600 after a sharp intraday decline that pierced below the lower boundary of the descending channel on the 4-hour chart. This move also broke through the key ascending trendline support that had held since early July, raising concerns of a potential trend shift as momentum stalls. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) On the 4-hour chart, Bitcoin price action had been coiling inside a descending parallel channel since mid-July. The recent breakdown below $116,000 suggests the bears are attempting to seize control after multiple failed bullish attempts near the $118,800 to $119,200 resistance area. Price has now deviated below the lower bound of the channel and closed under the dotted ascending trendline that previously supported every major bounce this month. This breakdown appears significant, especially given the rejection from the midline of the channel earlier this week and the sharp bearish engulfing candle printed after that. If the daily close confirms below $115,300, sellers may push price into deeper liquidity pockets toward $113,000 or lower. Why Is The Bitcoi… The post Bitcoin (BTC) Price Prediction for July 25 appeared first on Coin Edition .

Source: Coin Edition