Technical analysis by Dutch_Viking about Symbol BTC: Buy recommendation (7/5/2025)

The current structure shows Bitcoin consolidating after a strong bounce off the June lows. We’re now forming a potential bullish continuation pattern within a clear rising channel (dashed yellow lines), but the price is currently testing a mid-channel liquidity zone around $108,000–$110,000.Key observations:Local resistance zone: $111,980 (marked ATH) – a major liquidity magnet that could trigger a squeeze if broken. Support range: $106,000–$103,000 – strong confluence zone if price rejects current structure.Potential fakeout: Liquidity dip down to the $98,200–$95,500 zone is possible before a mid-July reversal (highlighted yellow path and vertical time marker on July 18).Upside target: The upper channel boundary and projected fib confluence points to a bullish target of $116,722 by mid-to-late July.Invalidations:Sustained break below $95,000 could negate the bullish structure and push us into deeper correction territory.Timing: The key date to watch is around July 18, where multiple structural lines and projection paths converge.What’s your bias for July? Trap and rip… or stairway to 117K?#Bitcoin #BTCUSDT #CryptoAnalysis #TradingView #LiquidityZones #BTCJulyOutlook