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Technical analysis by vs_sayin about Symbol BTC on 7/20/2025

https://sahmeto.com/message/3646510
vs_sayin
vs_sayin
Rank: 256
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Bitcoin is currently consolidating within a symmetrical triangle, suggesting indecision in the market. However, a breakout is imminent — and when it comes, it will likely be sharp. 🔹 Bullish Scenario: A breakout above $120K would likely lead to a new All-Time High near $124K. 🔹 Bearish Scenario: A breakdown below $116,400 opens the door for a quick drop toward the $112K–$110K zone, which should be considered a buy opportunity. ⚠️ Pro Tip: There’s a volume imbalance just below the $116.4K level. If price breaks below it, the move down may be faster and more aggressive than expected — so plan accordingly. Regardless of short-term volatility, the macro trend remains bullish, and Bitcoin will rise again. Thanks for reading.

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$118,260.55
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