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Bitcoin bulls are trying to establish a strong defensive base around $39,000-$40,000 and stay above $40,000. It is important for bulls to break above $42,000 as this is the most important short-term resistance.
Red line - resistanceBitcoin has made a shallow pull back towards $37,000 confirming that this level is important short-term support. A move below $37,000 would be a sign of weakness. Bulls want to break above the $42,000 level because there we find the downward sloping resistance trend line from its all time highs and because the horizontal resistance from June highs. Until we see a break above $42,000, bulls need to be cautious as price will be vulnerable to a rejection from the trend line.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Bitcoin once again broke above $119,000, briefly surpassing the $120,000 mark, but then pulled back to around $118,500. This indicates considerable difficulty in returning to the all-time high near $123,000
Bitcoin once again failed to consolidate above the $119,000 level, falling back to the $116,000 area during the Asian session today. Ethereum also fell slightly after hitting $3850. Meanwhile, according
Bitcoin returned to the $121,000 mark today, but failed to hold above it. Ethereum broke through the $3,600 level. In addition to the fact that all necessary cryptocurrency-related bills passed
Solana – Friday, July 18, 2025. With a Golden Cross condition between the EMA (50) and the EMA (200) as well as the RSI (14) in the neutral-bullish area, there
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