🚀 Bitcoin (BTC) Technical Outlook – Daily Chart

Date: July 16, 2025

Price: $119,171.59


Bitcoin is showing strong bullish momentum after breaking past the $110K resistance level. The price remains above the key moving averages:


✅ MA-7: $118K

✅ MA-25: $110K

✅ MA-99: $102K


This indicates a clear uptrend in both short-term and long-term perspectives.


📈 Recent retracement from the $123K level looks healthy, likely a natural correction after a strong rally. As long as BTC holds above $115K–$116K, the bullish structure remains intact.

🔼 Two-Month Outlook:

If volume stays strong and macro conditions remain favorable, we could potentially see:


🎯 Target 1: $125K

🎯 Target 2: $135K–$140K

đŸ›Ąïž Key support: $110K (MA-25), $102K (MA-99)

📌 Conclusion:

BTC is still in a strong bullish structure. Minor corrections are expected but may serve as buy-the-dip opportunities. Watch volume closely — momentum is on the bulls’ side (for now).

$BTC