As of July 11, 2025, BTC/USD (Bitcoin/US Dollar) has shown a sharp upward movement on the 1-hour chart, clearly breaking through the psychological threshold of $116,000. In the past few hours, a strong breakout accompanied by significant volume has been observed, drawing the attention of many short- and mid-term traders.
This move is partly influenced by recent economic data releases and macro fundamentals (such as inflation figures and U.S. interest rate policies), but this article will specifically explore the current trend and future potential from the perspective of technical analysis.
On the chart, the blue short-term moving average (MA20 or MA50) and the red long-term moving average (MA200) are both trending upward, with price trading significantly above both lines. A structure close to a “Golden Cross,” where the short-term MA crosses above the long-term MA, is visible, indicating a sign of *trend acceleration* rather than a reversal.
This setup is one of the most favored patterns in trend-following strategies within technical analysis. The mid-term MA in particular serves as solid support, adding reliability to a pullback-buying approach.
The ADX (Average Directional Index) displayed on the lower sub-chart is at an exceptionally high level of over 70, indicating a strong and clearly defined trend. The ADX is an indicator of trend strength, and readings above 25 suggest a trending market. A reading above 70 is rare and signals extreme strength, making counter-trend entries highly risky.
The yellow momentum line is rising sharply, confirming that the price move is supported by momentum rather than random volatility. Additionally, the surge in volume alongside the price spike indicates strong market interest in the breakout.
Price increases accompanied by volume are typically considered “reliable breakouts,” suggesting a high probability of continued movement after temporary pullbacks.
| Level | Price | Significance / Rationale |
|---|---|---|
| Short-Term Resistance | $117,000 | Recent high zone; confirmed rejection by upper candle wicks |
| Next Target | $120,000 | Major psychological level often observed by traders |
| Short-Term Support | $114,000 | Previously confirmed level for pullback buying |
| Mid-Term Support | $111,000 | Strong technical support formed by overlapping MA50 and MA200 |
The current BTC/USD movement is driven by strong trends and buyer enthusiasm, favoring trend-following strategies. If short-term pullbacks occur within the $114,000–$111,000 zone, it may offer a favorable entry with controlled risk.
Conversely, the $117,000–$120,000 range has previously acted as strong resistance, increasing the likelihood of profit-taking. Therefore, setting up position adjustments or trailing stops in this range is advisable.
Short-term traders should also monitor 1-hour patterns and watch for reversal signals on lower timeframes (e.g., bearish engulfing candles or Bollinger Band contractions).
Currently, BTC/USD is in a strong uptrend supported by clear technical factors (momentum, ADX, moving averages, volume). If the price breaks above $117,000, the next psychological target at $120,000 may come into focus.
On the other hand, if a pullback occurs, $114,000 and $111,000 will serve as key support levels. A confirmed rebound at these levels would present new buying opportunities.
Regardless of timeframe, traders should assess both momentum and risk with composure and construct flexible strategies in response to the trend.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. All trading decisions should be made at your own risk.
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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