๐ Timeframe: 1M (Monthly Candles)
๐ Last Price: $116,659.30
๐ Monthly High: $123,300
๐ Monthly Low: $114,211
๐ Volume: Decreasing slightly, currently at 13.54B USDT
๐ MA Lines:
โข MA(7): $100,702 (Yellow Line) โ Strong upward trend
โข MA(25): $71,527 (Pink Line) โ Bullish support
โข MA(99): Not yet shown โ Indicates itโs a relatively new uptrend
๐ Technical Analysis
1. Trend:
The chart shows a clear long-term bullish trend, with monthly candles forming consistent higher highs and higher lows. The last few months show strong green candles with momentum continuing.
2. Moving Averages:
โข MA(7) is sharply above MA(25), confirming bullish momentum.
โข The gap between MA(7) and MA(25) is widening โ a strong bullish indicator.
โข No correction candle has broken the MA(7), showing strong buyer support.
3. Volume:
โข Volume has declined slightly in recent months, which might signal weakening buying pressure.
โข Still, no extreme sell volume is present โ suggesting itโs more of a cool-down phase than reversal.
4. Resistance & Support Levels:
โข Immediate Resistance: $123,300 (last monthโs wick top)
โข Next Major Resistance: ~$128,700
โข Support Zone: $104,000 (recent monthly candle close)
โข Strong Support: $100,000 psychological & MA(7) zone
๐ฎ Future Predictions (Q3โQ4 2025)
Scenario Target Price Confidence Conditions
๐ผ Bullish $130,000 โ $145,000 High If BTC breaks $123,300 and weekly closes above it with rising volume
๐ Sideways $104,000 โ $123,000 Medium If BTC consolidates near current highs with low volume
๐ฝ Bearish Correction $85,000 โ $100,000 Low Only if BTC closes below $100,000 with high sell volume
โ ๏ธ Risk Factors
โข Volume Decline: Watch for a sharp drop in volume; could signal incoming correction.
โข Overbought Zone: RSI not visible, but based on trend, BTC may be nearing overbought monthly zones.
โข Macro News or Regulations: Any negative crypto regulations or global financial news can affect trend sharply.
โ Strategy Suggestion
If youโre holding BTC:
โข Hold (HODL) while above $104,000.
โข Consider adding more on dips between $104Kโ$108K.
โข Take partial profits near $125Kโ$130K zones.
If youโre trading:
โข Breakout trade: Enter after clean break & retest of $123,300
โข Stop-loss: Below $100,000 support if trend fails