As of July 10, 2025, BTC/USD (Bitcoin/US Dollar) surged from support near $108,000 on the 1-hour chart, briefly testing the $112,000 level. This marks an upward breakout from a recent short-term range, shifting market sentiment toward bullishness.
This analysis revisits the basics of technical analysis and utilizes key indicators such as moving averages, MACD, ADX, and volume to outline possible future scenarios.
The chart shows the price trading above both the short-term (20EMA, blue) and long-term (200SMA, red) moving averages. Notably, the 20EMA is sharply turning upward and approaching a golden cross above the 200SMA—a classic signal of an emerging uptrend.
This crossover is often viewed as a buy signal, especially for short-term traders. The fact that the price remains well above the 20EMA also supports the consistency of the current trend.
The MACD line has crossed above the signal line and the divergence is widening, with the histogram steadily expanding in positive territory. This pattern indicates sustained short-term buying pressure and highlights a clear momentum bias in favor of bulls.
The steep angle of the MACD also suggests the market is in a strong trending phase. Traders often use MACD crossovers and histogram expansions as entry and profit-taking signals.
The ADX is hovering near 70, signaling the presence of a very strong trend. An ADX above 25 confirms a trend, while readings above 50 indicate an extremely strong trend—today’s level falls into the latter category.
This high ADX supports continued long positions or buy-on-dip strategies, increasing the likelihood of further directional movement.
Trading volume has spiked along with the price surge, confirming the strength of buying interest. In particular, a notable volume spike around $111,500 suggests inflow from real demand rather than mere speculative movement.
A breakout accompanied by volume is technically reliable and increases the chance of previous resistance levels turning into support. This supports a continuation of the bullish narrative.
| Level | Price | Significance |
|---|---|---|
| Short-Term Resistance | $112,000 | Recent high with multiple upper wicks |
| Next Target | $113,500 | Psychological barrier; potential technical rebound zone |
| Short-Term Support | $110,500 | Likely retracement zone after surge |
| Mid-Term Support | $109,000 | Near 20EMA; historically tested multiple times |
BTC/USD is in the early consolidation phase following a clear trend breakout. Considering current bullish momentum and supporting volume, further upside cannot be ruled out.
For short-term traders, a rebound after confirming support at $110,500 presents an opportunity. Meanwhile, breaching $109,000 on the downside may signal a broader retracement phase.
Monitoring broader market sentiment and macroeconomic news—such as FOMC statements or U.S. CPI data—will aid in making more accurate trading decisions.
BTC/USD has formed a strong bullish trend on the 1-hour chart following a sharp rally supported by technical indicators. Momentum remains strong, and moving averages, MACD, and ADX all show bullish signals.
Short-term caution is warranted around $112,000 due to potential profit-taking. However, dip-buying opportunities may arise near $110,500–$109,000. In the medium-to-long term, a break above $113,500 could trigger accelerated upside.
*Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please make final investment decisions at your own discretion.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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