Bitcoin’s price on July 13, 2025, was around $118,077, with a 24-hour market capitalization of $2.34 trillion. The intraday range was tight, fluctuating between $117,103 and $118,189, indicating a period of consolidation at elevated levels near resistance.
The daily BTC/USD chart showed a clear bullish breakout from the $98,240 low, with the rally extending to $118,839 before stalling. This upward movement was supported by earlier rising volume, although recent bars indicated waning momentum, suggesting a possible distribution phase. Price action was consolidating near the highs, with support reestablished at $110,000 and $106,000. A corrective move to the $110,000–$112,000 range could present a buy-the-dip opportunity if accompanied by a bullish reversal candle and volume expansion. Profit-taking was advisable near the $118,500–$119,000 zone, especially if bearish reversal patterns emerged.
On the 4-hour chart, bitcoin displayed a steep uptrend from around $107,500 to the $118,839 high, followed by lateral consolidation. The pattern formation resembled a bullish flag or ascending triangle, both of which signaled potential for continuation. However, a break and close above $118,839 with a volume uptick would confirm the next leg higher toward $120,000 and beyond. Conversely, a close below $117,000 could trigger a pullback to $115,000, invalidating the short-term bullish thesis. The setup favored breakout traders prepared for quick decision-making.
The 1-hour bitcoin chart revealed a minor double top near $118,200 and a reactive low of $116,971. Momentum had weakened, evidenced by price softness and decreasing volume. Key resistance lay between $118,200 and $118,800, while $117,000 served as immediate support. A potential breakout above $118,200 with rising volume could justify a short-term long position, while a bullish bounce at $117,000 might offer an entry for scalpers. Traders should remain nimble, with tight stop-loss levels near $116,500 to manage downside risk effectively.
Oscillator readings presented a mixed technical bias. The relative strength index (RSI) at 74, Stochastic at 92, and average directional index (ADX) at 20 all signaled neutral momentum. The commodity channel index (CCI) at 186 and momentum (10) at 8,512 triggered bearish signals, pointing to near-term overextension. However, the moving average convergence divergence (MACD) level at 2,832 supported a bullish outlook. These mixed indicators implied that while the broader trend remained intact, short-term caution was warranted.
Moving averages (MAs) continued to reinforce the bullish trend across all timeframes. The exponential moving average (EMA) and simple moving average (SMA) from the 10-period to 200-period windows were all positioned below the current price, supporting the upside thesis. The EMA (10) at $113,545 and SMA (10) at $112,323 reflected strong near-term support. Long-term trend strength was confirmed with the EMA (200) at $96,660 and SMA (200) at $96,999, reinforcing that pullbacks to the $110,000 region could serve as high-probability reentry points for longer-horizon traders.
Bitcoin remained technically resilient, with consistent support from all major moving averages and a bullish continuation structure forming on the 4-hour chart. A confirmed breakout above $118,839 backed by volume would likely trigger a new leg toward $120,000 and beyond, making this a favorable environment for momentum-driven long positions.
Despite a dominant uptrend, short-term signals such as the commodity channel index (CCI) and momentum indicators warned of buyer exhaustion near resistance. If bitcoin failed to clear $118,839 and broke below $117,000, it could lead to a corrective slide toward the $115,000–$110,000 zone, offering a tactical setup for short-term bearish trades.
