Bitcoin price technical analysis today shows the cryptocurrency navigating critical levels as it traded around $109,000 in July 2025. The digital asset has broken through resistance at $106,000 and is currently testing the $108,000-$109,000 resistance zone, presenting both opportunities and challenges for traders and investors. The current market structure reveals Bitcoin maintaining its position above major moving averages, including the crucial 200-day moving average, which indicates sustained bullish momentum.
Technical analysts highlight $95,000–$95,500 as a critical resistance zone since Bitcoin has struggled to close above it in recent sessions. Understanding Bitcoin price technical analysis today is essential for making informed trading decisions. The cryptocurrency market’s volatility demands careful examination of multiple technical indicators, support and resistance levels, and momentum oscillators to gauge potential price movements.
Bitcoin Price Technical Analysis Today: Current Market Overview
Key Price Levels and Market Structure
Analyst Ali Martinez highlights Bitcoin support levels at $106,700 and $96,901, backed by 1.68 million addresses buying 1.28 million BTC between $104,982 and $108,190. This substantial buying activity creates a strong foundation for Bitcoin’s current price action. The cryptocurrency’s recent performance shows remarkable resilience. Bitcoin started the year strong, but saw a “slump” in Q1 2025 before regaining its footing, briefly touching $109,000 – a new record high – before profit-taking and macroeconomic jitters triggered a pullback.
Volume Analysis and Market Participation
Trading volume remains a crucial factor in Bitcoin price technical analysis today. Bitcoin trading volume in 24 hours is 37.25 billion USD, indicating healthy market participation and liquidity. The institutional landscape continues to evolve. Bitcoin purchases by U.S. ETFs have fallen sharply, from 86,000 BTC in early December to 40,000 BTC now, marking a 53% drop. This reduction in ETF buying pressure could influence short-term price dynamics.
RSI Analysis: Momentum Indicators Signal Current Trends
Understanding Bitcoin’s RSI Signals
The Relative Strength Index (RSI) provides crucial insights for Bitcoin price technical analysis today. RSI above 70 shows strong positive momentum, indicating that more investors want to buy the stock and that the price will continue to rise. Current RSI readings suggest balanced market conditions. On May 5, the Bitcoin RSI was 57, signifying a slightly bullish trend. This neutral-to-bullish reading indicates room for upward movement without immediate overbought concerns.
RSI Trading Strategies for Bitcoin
RSI divergence occurs when the price and RSI oscillator move in opposite directions, indicating a potential change in market momentum. Traders should watch for:
- Bullish divergence: Price reaches new lows while RSI doesn’t, typically interpreted as a buy signal
- Bearish divergence: Price reaches new highs while RSI reaches new lows, signaling potential weakness
The current RSI environment suggests caution rather than aggressive positioning, as the indicator remains in neutral territory without clear directional bias.
MACD Indicators: Trend Analysis and Signal Interpretation
MACD Technical Setup
The MACD is an indicator used to measure a security’s momentum and trend, calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. Current MACD analysis reveals interesting patterns. MACD had been dropping for several weeks, and the price finally followed. Now, with this latest move up, the MACD has started to react and is moving in sync with price, which could suggest that this rally has more room to run.
MACD Trading Signals
Key MACD signals to monitor in Bitcoin price technical analysis today include:
- Signal line crossovers: When MACD crosses above the signal line, it may indicate bullish momentum
- Zero line crossovers: Movement above zero suggests potential uptrend continuation
- Divergence patterns: When price and MACD move in opposite directions
MACD measures the relationship between two EMAs to indicate momentum and potential trade reversals, while the RSI seeks out overbought and oversold conditions by evaluating recent price action.
Support and Resistance Levels: Critical Price Zones
Primary Support Levels
Bitcoin price technical analysis today identifies several key support zones:
- $106,700: Strong support backed by significant buying activity
- $96,901: Secondary support with substantial holder concentration
- $90,000-$92,000: Major psychological support zone
The support zone of $90,000-$92,000 and the resistance zone marked by historical maximums from December and January around $108,000-$109,000 define the current trading range.
Resistance Challenges
The immediate resistance structure presents multiple hurdles:
- $108,000-$109,000: Current resistance zone with high seller concentration
- $111,000: Previous all-time high level
- $115,000: Technical projection target based on rectangle formation breakout
Breakout Scenarios
A decisive break of the resistance at $108,880, ideally with an increase in volume, signals a further rise to $115,727 or more. This technical projection provides a clear upside target for successful resistance breakouts.
Also Read: Bitcoin Price USD: Complete Analysis & Market Outlook for 2025
Moving Averages Analysis: Trend Confirmation Tools
Short-term Moving Average Signals
On the four-hour chart, Bitcoin is bullish. The 50-day moving average is rising, suggesting a strong short-term trend. This bullish configuration supports the current upward bias in Bitcoin price technical analysis today. The alignment of moving averages creates a favorable technical backdrop. The 200-day moving average has been rising since 03/07/2025, indicating a strong longer-term trend.
Golden Cross Potential
From a technical analysis perspective, two things seem important: a bullish pin bar on the BTC daily chart and a potential golden cross. The golden cross formation (50-day MA crossing above 200-day MA) would provide additional bullish confirmation.
Price Predictions and Technical Targets
Short-term Outlook
Bitcoin price technical analysis today suggests mixed short-term prospects. The Bitcoin price prediction for the next 24 hours is bearish. A significant decline is likely since the price has completed an A-B-C corrective structure.
Potential downside targets include:
- $83,641: 0.618 Fibonacci retracement level
- $86,230: 0.5 Fibonacci retracement support
- $78,500: Technical support with reversal potential
Medium-term Projections
Technical analysis suggests a range of $130,000–$138,000 if the cup-and-handle pattern plays out, though short-term corrections could occur.
Several analysts provide optimistic forecasts:
- Ryan Lee from Bitget Research predicts $180,000, driven by institutional inflows and limited supply
- Tracy Jin from MEXC estimates $150,000, citing Bitcoin’s growing role in portfolios
Long-term Technical Analysis
According to our Bitcoin price prediction, BTC is forecasted to trade within a price range of $110,148 and $182,350 next year. These projections align with bullish technical patterns and institutional adoption trends.
Volume Profile and On-Chain Analysis
Market Participation Metrics
Bitcoin recorded 18/30 (60%) green days with 1.89% price volatility over the last 30 days. This positive performance ratio indicates sustained buying interest despite volatility.
Institutional Activity Patterns
Large-scale Bitcoin movements continue to influence market dynamics. An $8.6 billion Bitcoin transfer moved 10,000 BTC from wallets inactive for over 14 years, with no signs of selling. This activity likely represents security upgrades rather than selling pressure.
Advanced Technical Patterns and Formations
Cup and Handle Pattern
Bitcoin could reach $138,000 in the near term if it breaks the $106,000–$109,000 resistance, per Cointelegraph’s cup-and-handle analysis. This bullish pattern suggests significant upside potential upon successful resistance breakout.
Rectangle Formation Breakout
The currency has given a positive signal from the rectangle formation by a break up through the resistance at $107,710. Further, a rise to $115,727 or more is signaled.
Head and Shoulders Developments
An inverse head and shoulders formation is under development, which could provide additional bullish confirmation if completed successfully.
Risk Management and Trading Strategies
Entry and Exit Strategies
Based on the current Bitcoin price technical analysis today, consider these approaches:
Bullish Strategy:
- Entry: Above $109,000 with volume confirmation
- Target: $115,000-$120,000
- Stop-loss: Below $106,000
Bearish Strategy:
- Entry: Below $106,000
- Target: $96,000-$90,000
- Stop-loss: Above $109,500
Position Sizing and Risk Controls
Bitcoin is estimated as 0.93% volatile today, meaning you must prepare and examine all available information before making a decision. This volatility level requires careful position sizing and risk management.
Market Sentiment and External Factors
Institutional Sentiment
Bitcoin’s structural appeal is growing, with its $2 trillion market cap still dwarfed by gold’s $21 trillion. This comparison highlights Bitcoin’s potential for continued institutional adoption.
Geopolitical Influences
Geopolitical factors, like U.S. pro-crypto policies, could further influence this Bitcoin price outlook in 2025. Regulatory developments continue to shape market sentiment and price action.
Alternative Scenarios and Contingency Planning
Bear Case Analysis
Bitcoin’s wave count shows a completed five-wave upward movement since November 2022, with the rally ending at an all-time high of $109,356 in January, combined with bearish divergences in the RSI and MACD.
If this analysis proves correct, Bitcoin might enter a prolonged correction phase, targeting lower support levels around $70,000-$80,000.
Bull Case Continuation
The monthly chart is bullish, and the weekly trend remains strong. The key now is whether the price can keep pushing and break through the $111,000 zone with conviction.
A successful breakout could lead to:
- Initial target: $120,000-$130,000
- Extended target: $150,000-$180,000
- Optimistic scenario: $200,000+
Trading Tools and Resources
Technical Analysis Platforms
For comprehensive Bitcoin price technical analysis today, consider using:
- TradingView for advanced charting
- Coinbase Pro for institutional-grade analysis
- CoinMarketCap for market overview
Conclusion
Bitcoin price technical analysis today reveals a cryptocurrency at a critical juncture, trading near important resistance levels while maintaining a bullish long-term structure. The current price action of around $109,000 presents both opportunities and risks for traders and investors.
Key takeaways from today’s analysis include strong support at $106,700, resistance challenges near $109,000, and neutral-to-bullish momentum indicators. The combination of technical patterns, including potential cup-and-handle and inverse head-and-shoulders formations, suggests upside potential upon successful resistance breakouts.
FAQs
What are the key support levels for Bitcoin price technical analysis today?
The primary support levels are $106,700 and $96,901, backed by significant on-chain activity with 1.68 million addresses holding Bitcoin between $104,982 and $108,190. These levels represent strong buying interest and potential bounce zones.
How reliable are RSI signals for Bitcoin trading?
The current RSI reading at 57 signifies a slightly bullish trend, indicating neutral momentum without extreme overbought or oversold conditions. RSI works best when combined with other indicators like MACD and volume analysis for confirmation.
What does the MACD indicator suggest for Bitcoin’s near-term direction?
The MACD has started to react and is moving in sync with the price, which could suggest that this rally has more room to run. This alignment between price and momentum indicates potential for continued upward movement.
Where is the next major resistance for Bitcoin?
The immediate resistance zone sits at $108,000-$109,000, representing historical maximums from December and January. A breakout above this level could target $115,000-$120,000 based on technical projections.
What are the price targets if Bitcoin breaks current resistance?
Technical analysis suggests a range of $130,000–$138,000 if the cup-and-handle pattern plays out, while a decisive break above $108,880 signals a further rise to $115,727 or more.
