Bitcoin (BTC) Price Prediction for July 25

Key Points

1. Bitcoin price broke through the ascending trendline support, with a recent breakdown below $116,000 indicating potential further declines toward $113,000 or lower.

2. Technical indicators like RSI and MACD show bearish momentum, with RSI at 26.9 (oversold) and MACD indicating increasing bearish pressure.

3. Derivatives data reveals a dominance of short positions, with $154.4 million in liquidations, mostly from long positions ($138.2 million).

4. Bollinger Bands and EMA structures signal increased volatility and a bearish shift, with Bitcoin trading below key EMAs ($116,528 for 100 EMA and $113,545 for 200 EMA).

5. A short-term recovery would require Bitcoin to reclaim the $116,800-$117,200 EMA zone, while failure to hold $113,500 could lead to further declines toward $112,000-$111,000.