Technical analysis by thesharkke about Symbol BTC: Buy recommendation (7/18/2025)

Hello, Cryptocurrencies, particularly major coins like Bitcoin, have experienced a volatile yet exhilarating rally in July 2025, reaching unprecedented all-time highs. This surge has attracted significant attention, drawing in new investors driven by fear of missing out (FOMO) and heightened market enthusiasm. While Bitcoin’s long-term potential remains robust, our analysis suggests a near-term correction is likely. From a technical perspective, Bitcoin is currently undergoing a corrective phase as early investors capitalize on recent gains by taking profits. Chart patterns indicate the formation of a bullish flag, a continuation pattern that often precedes further upside after a consolidation period. We recommend that investors exercise patience and wait for the correction to fully develop. Optimal buying opportunities are anticipated around the $113,000 level, with a short-term price target of $130,000. A key technical indicator, the Moving Average Convergence Divergence (MACD), is approaching a zero-line crossover, which could serve as a strong catalyst to confirm the resumption of Bitcoin’s upward momentum. We remain bullish on Bitcoin, maintaining an overweight position in our portfolio with a short-term target of $132,000. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.