Bitcoin (BTC) Price Prediction for July 30
After posting a strong recovery in July, Bitcoin price today is consolidating beneath the critical $120,000 barrier, trading near $118,800 at press time. This price region has become a key inflection zone, with volatility compression intensifying on lower timeframes. The market is now watching for breakout confirmation amid muted momentum and narrowing Bollinger Bands.
What’s Happening With Bitcoin’s Price?
Bitcoin remains stuck in a tight consolidation just below the $120,000 supply zone. On the daily chart, the Parabolic SAR dots remain above price, suggesting stalled upside attempts since July 26. Price continues to hold above the 20-day EMA at $116,874 and the 50-day EMA at $112,505, indicating the broader structure still favors bulls.
The weekly chart shows BTC firmly inside a rising parallel channel extending from mid-2023. Price is currently testing the upper boundary of this channel near $119,000, a level that has repeatedly capped prior rallies. Sustained rejection here could spark a corrective leg, while a confirmed breakout would likely target the $125,000–$130…
The post Bitcoin (BTC) Price Prediction for July 30 appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for July 30
After posting a strong recovery in July, Bitcoin price today is consolidating beneath the critical $120,000 barrier, trading near $118,800 at press time. This price region has become a key inflection zone, with volatility compression intensifying on lower timeframes. The market is now watching for breakout confirmation amid muted momentum and narrowing Bollinger Bands.
What’s Happening With Bitcoin’s Price?
Bitcoin remains stuck in a tight consolidation just below the $120,000 supply zone. On the daily chart, the Parabolic SAR dots remain above price, suggesting stalled upside attempts since July 26. Price continues to hold above the 20-day EMA at $116,874 and the 50-day EMA at $112,505, indicating the broader structure still favors bulls.
The weekly chart shows BTC firmly inside a rising parallel channel extending from mid-2023. Price is currently testing the upper boundary of this channel near $119,000, a level that has repeatedly capped prior rallies. Sustained rejection here could spark a corrective leg, while a confirmed breakout would likely target the $125,000–$130…
The post Bitcoin (BTC) Price Prediction for July 30 appeared first on Coin Edition.
Read More