Technical analysis by whaliocom about Symbol BTC on 7/22/2025

#BTC Update #9 – July 22, 2025 As previously noted, Bitcoin is currently trading within both a horizontal range (box) and a tightening triangle formation. Although there was a drop last night, price didn’t pierce the lower boundary of the box and is now showing an upward reaction. As long as BTC holds above this box, there’s no major risk. Bitcoin has already completed the 0.382 Fibonacci retracement from its previous impulsive move. If that correction is sufficient, the next upside target is $127,900. However, one key point to watch: Bitcoin failed to break its previous high in its last three attempts — a clear sign of price compression and market indecision. 📌 No need to rush into Long or Short positions. It’s best to wait for a confirmed breakout before acting, as premature entries could carry elevated risk.