Technical analysis by RICHINVESTOR about Symbol BTC on 7/27/2025

In this weeks analysis, Bitcoin has been stack in a tight range for almost two weeks now. Trading range between $115k and $120k. Trend is still holding up for Bullish continuation but indicators strongly cautions loud Sirens. A decisive daily close above $120,200 could be the winning whistle for Bullish Continuation, while I see selling pressure to continue to the Support Block of about 113k. Also the selling Volumes are huge but prices are always quickly absorbed suggesting an accumulation is happening more than a distribution. So my thesis for Bitcoin is sideways range bound until there is a clear market winner. I will be paying much attention to the bearish alarm and a breakdown will be confirmed when daily price decisively close below $115k confirming the divergences on the chart. Trading between the range is high risk.THE BULLS HAVE LOST THE CONSOLIDATION BATTLE. WE ARE NOW GETTING A CANDLE CLOSE BELOW 116,884 SUPPORT LEVEL. NEXT TARGET IS THE PULLBACK OF $113K - 112KWhat I am watching for next is the whether we bounce of the $112k support to a new high or a breakdown to the daily 200 EMA support zone. It's looking interesting indeed.PULLBACK TARGET $112K ACHIEVED!!