Bitcoin Price Watch: High-Stakes Consolidation Could Define Q3 Trend

Key Points

1. Bitcoin's price on July 13, 2025, is $118,077, with a 24-hour trading range of $117,103 to $118,189 and a market cap of $2.34 trillion.

2. The daily chart shows a bullish breakout from $98,240, but recent bars indicate waning momentum, suggesting a possible distribution phase.

3. Key resistance levels are $118,200–$118,800, while $117,000 serves as immediate support; a break above $118,839 could target $120,000, while a drop below $117,000 may lead to a pullback to $115,000.

4. Technical indicators like RSI (74), Stochastic (92), and ADX (20) show neutral momentum, while CCI (186) and Momentum (10) at 8,512 signal bearish divergence.

5. Moving averages (EMA and SMA) across all timeframes support the bullish trend, with EMA (10) at $113,545 and SMA (10) at $112,323 acting as near-term support.