Bitcoin (BTC) Price Prediction for July 16 2025

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.