Bitcoin Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of Bitcoin on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of Bitcoin on July 11, 2025, reveals a dynamic market with a short-term bullish trend, tempered by signs of a potential price correction. The current price of Bitcoin hovers around $117,753, reflecting a slight 0.01% decline over the past 24 hours. This minor dip may indicate price consolidation following a new all-time high (ATH) near $118,000. The 4-hour chart suggests a short-term bullish continuation, but there’s also a possibility of a deeper retracement toward support zones. Key resistance levels are currently at $110,000–$111,000 and $120,000, significant due to accumulated sell orders and past price rejections. Conversely, critical support levels lie around $106,000–$107,000 and the psychological $100,000 mark, which could act as potential reversal points. Technical indicators like RSI and MACD provide valuable insights. The RSI is currently in overbought territory (above 70), signaling strong buying pressure but also warning of a possible correction. The MACD shows a bullish crossover, confirming short-term upward momentum, though a slowing momentum in the MACD lines suggests potential weakening. Price patterns play a crucial role in the analysis. The 4-hour chart displays an ascending triangle pattern, typically a precursor to a bullish breakout. However, a recent fakeout at $110,612 indicates high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing institutional demand, aligning with record inflows into Bitcoin ETFs. However, the recent movement of 80,000 BTC from dormant 2011 wallets to modern SegWit wallets could signal preparation for sales or transfers to DeFi platforms, warranting close monitoring. Overall, Bitcoin is in a consolidation phase, and traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a resistance breakout or a bounce from support. Based on current data, a short-term bullish trend is likely, but a pullback to $106,000 is also plausible.