Bitcoin (BTC) Price Prediction for July 16 2025
2025-07-15 07:14:31
Main Idea
Bitcoin's price faced rejection near a major resistance zone, dropping over 4.8% from recent highs, with technical indicators signaling bearish momentum and potential further downside if key support levels are breached.
Key Points
1. Bitcoin price dropped to $117,200, down 4.8% from recent highs after failing to hold above $122,000, a key resistance zone.
2. Technical indicators like Bollinger Bands, Supertrend, and DMI show bearish signals, with ADX at 27.27 indicating strong bearish momentum.
3. Derivatives data reveals $181M in liquidations, with longs accounting for $141.7M, suggesting overleveraged buyers were flushed out.
4. Spot markets saw a net outflow of $477.9M on July 15, adding to bearish pressure.
5. Key support levels to watch are $115,000–$117,000; a breakdown below $112,400 could lead to further declines toward $103,800 or $99,800.
Description
After breaking above $122,000 earlier this week, Bitcoin price faced rejection near the upper boundary of a major volume resistance zone. The move follows President Donald Trump’s 30% tariff announcement on EU and Mexican imports, triggering mixed reactions across risk assets. As of writing, Bitcoin price today is trading around $117,200, down over 4.8% from its recent highs. Bitcoin Price Forecast Table: July 16, 2025 Indicator/Zone Level / Signal Bitcoin Price Today $117,200 Resistance 1 $119,...
Latest News
- Bitcoin Falls Below $117K After “Satoshi-Era” Whale Moves $9.5 Billion2025-07-15 15:43:16
- Standard Chartered Rolls Out Bitcoin and Ether Spot Trading for Institutional Clients2025-07-15 15:07:06
- Bitcoin’s $3 Billion Open Interest Under Threat, Putting Price at Risk2025-07-15 14:30:44
- PUMP Token Plunges Over 24% as Exchange Glitches and Airdrop Anger Mount2025-07-15 14:30:15
- 300% Gains: The Sui Ecosystem’s Top 3 Altcoin Performers2025-07-15 14:13:46