Is Bitcoin Bullish Again? Check out the BTC Price Analysis
2025-07-09
Bitcoin is once again grabbing attention across the crypto world after confirming a breakout from a key bull flag pattern.
Traders and investors are now asking the big question, is Bitcoin bullish again? Let’s dive into the latest BTC price analysis to understand where the market might be heading next.
Bitcoi Bull Flag Breakout
Source: NEWSBTC
On the 1-hour chart, Bitcoin price recently broke out of an orange bull flag, a formation typically seen as a bullish continuation pattern.
After spending time consolidating in a tight range, this breakout indicates a shift in momentum back to the bulls, suggesting we could be on the verge of a strong move higher.
Market analyst MaxFINEancial shared that Bitcoin is showing a double bottom pattern within the flag, another bullish signal.
The upper edge of the bull flag is currently being retested, which also lines up with the 1-hour 200-day Moving Average (MA), a key level many traders use to assess short-term market direction.
If bulls maintain this momentum and stay above this moving average, the breakout could be just the beginning of a larger rally.
Read Also: Bitwise Prediction for Bitcoin Price: Target at $200K
Bitcoin Price Analysis: Possible Scenarios
While things are looking bullish, some caution is warranted. According to MaxFINEancial, there’s a possibility that a rare diamond top may be forming a bearish reversal pattern.
If this pattern plays out and Bitcoin loses the 1-hour 200-day MA, traders might need to watch the 4-hour 200-day MA as the next line of support.
Key bullish targets to watch: $113,700, $115,867, $117,030, $122,143
Bearish breakdown level: $103,079 (if the diamond top confirms)
Read More:
Ascending Triangle on 4H Chart
Another crypto analyst known as A_y highlighted that Bitcoin is trading just below the $110,000 resistance on the 4-hour timeframe.
The current formation resembles an ascending triangle, a classic bullish setup that forms with higher lows pressing against a flat resistance line. If Bitcoin breaks above the $110,000 mark, it could trigger a rapid move into the $112,000–$114,000 range.
On the flip side, a rejection at this level might cause a pullback to the $104,000 zone, an area that previously attracted strong buying interest.
Indicators to watch:
1. RSI (Relative Strength Index): Neutral at 54, showing room for more upside momentum.
2. MACD: Recently formed a bullish crossover, a hint of possible upward price movement.
3. EMA Levels: BTC still trades under the EMA, so bulls need to gain strength for a full breakout confirmation.
4. Stochastic RSI: In overbought territory, suggesting a short-term cooldown may be due.
Read Also: Bitcoin Integrates with SUI for DeFi: Is This a Good Innovation?
Bitcoin Price Holding at $108K
Source: NEWSBTC
Analyst Chad_TattoosMD noted that despite the volatility, Bitcoin price is holding steady around $108,000. This resilience shows that buyers are stepping in and defending key levels, keeping the structure of the market intact.
Even with some indicators showing overbought conditions, there's no sign of a crash. Instead, Bitcoin seems to be cooling off after a strong run, a healthy move in a broader uptrend.
Important price levels:
Support: $106,000
Resistance: $112,000
This tight zone suggests that Bitcoin is building pressure. Whether that results in a surge or a slight pullback depends on how bulls respond at these key levels.
Read Also: How Bitcoin and Crypto Fight Inflation? Find Out Here!
Conclusion: Is Bitcoin Bullish Again?
Based on the latest BTC price analysis, Bitcoin is showing strong bullish signals, but also faces crucial resistance. The breakout from the bull flag and the formation of higher lows give hope for another rally.
However, conflicting signals from chart patterns like the diamond top and the overbought RSI hint that caution is still necessary.
In short, Bitcoin is leaning bullish, but confirmation will come if it clears the $110,000 resistance zone with volume and strength. Until then, it's a waiting game between bulls and bears.
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FAQ
Is Bitcoin bullish right now?
Yes, Bitcoin is showing several bullish signs, including a bull flag breakout and ascending triangle pattern. However, it still needs to break above $110,000 to confirm a larger move.
What’s the key resistance level for Bitcoin?
The main resistance levels to watch are $110,000 and $112,000. If Bitcoin breaks through these, the price could quickly rise to $114,000 or higher.
What happens if Bitcoin fails to break resistance?
If BTC fails to break resistance, it may pull back to $104,000 or test the 4-hour 200-day MA for support.
What are analysts saying about Bitcoin?
Analysts like MaxFINEancial and A_y are cautiously optimistic, citing bullish patterns. However, they also warn of potential bearish reversals if BTC loses key support levels.
Disclaimer: The content of this article does not constitute financial or investment advice.
