After consolidating in a constrictive structure over the past week, today’s Bitcoin price is nearly $118,400, and is about to be released from the compression zone for several days. The price action is pinned between ascending support and descending trendlines, keeping volatility firmly in place, but suggesting an imminent breakout. The short-term structure is coiled, with the bull looking to take advantage of recent bid collections from the $116,000 zone.
What will happen to Bitcoin prices?
BTC price forecast (Source: TradingView)
Bitcoin is currently locked within the symmetrical triangle pattern of the 4-hour chart, with resistance of $119,000 and supports around $116,000. The integrated structure follows a vertical movement that saw Bitcoin prices skyrocket from $101,000 earlier this month. The wedge further compresses volatility, indicating that a critical movement could unfold in the next 24-48 hours.
BTC price forecast (Source: TradingView)
Daily charts show prices still hovering near the top of the rising wedge layer that began to form in March. Despite the short pullback, the BTC sits near $110,200 and $105,100 on top of the EMA 50 and EMA 100 respectively. The breakout structure remains the same as long as Bitcoin is over $114,800.
BTC price forecast (source: TradingView)
Smart Money Concepts (SMC) shows Bitcoin is just below the notable Weak High of $119,000. The rising Structure (BOS) break at the beginning of July confirmed bullish intentions, but prices stalled under this major liquidity area. Until a new BOS occurs, prices will run the risk of consolidation within the current zone.
Why is Bitcoin prices rising today?
BTC Derivative Analysis (Source: Coinglass)
Bitcoin prices today are reasons explained by new demand in the derivatives market and intraday liquidity landfill. Bitcoin’s open interest rose to 84.27B, while daily futures volume rose 54.43% to 69.7B, according to Coinglas. The length/short ratio for the top binance trader is at 1.68, indicating a clear long bias.
BTC price forecast (Source: TradingView)
The fluidity sweep in the chain and the sentiment of derivatives favor bulls. The 4-hour time frame super trend indicator remains bullish at over $118,000, with potential flips at over $120,600 likely to begin continuing the trend. The 4-hour DMI shows a downward trend, but +DI and -DI remain close to convergence. This is typical before trend expansion.
Compression Patterns and EMAS Signal Breakout Risk
Bollinger band and Emma show compression. On the daily chart, all four major exponential moving averages (200/100/200) are stacked below price, with the 200 EMA offering strong structural support of nearly $98,300.
BTC price forecast (Source: TradingView)
Meanwhile, Bitcoin continues trading on the Bull Market Support Band in its weekly time frame. Parabolic SAR also falls below the prices on the daily chart. This suggests that bullish momentum is still in effect despite the small gains of profit.
Altcoin Season Index (Source: Coinglass)
The Altcoin Season Index reads 51 and shows roughly equivalent rotations between BTC and Altcoins. If Bitcoin surpasses the $119,000 zone with volume support, control can return to its favor again.
BTC price forecast: Short-term outlook (24 hours)
The short-term outlook rests on a clean break from the symmetrical triangle. Once the Bulls regain the confirmed resistance zone of $119,000-$120,600, the price could then rise to $122,000 and $124,500. On the downside, if Bitcoin can’t maintain it above $116,000, it’s likely that there will still be a deeper retest of $114,800 or $112,000, especially if the volume is thinner.
Given the tightening wedges, support for super trends, and rising CMF, Bitcoin appears to be prepared for increased volatility. Traders should closely monitor price responses with bands and volume flows between $118,800 and $119,000 in breakout attempts.
Bitcoin Price Prediction Table: July 22, 2025
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
