
BTC - Bullish Continuation in Progress towards $140,000, Breakout Above $121,500 in Focus
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Bitcoin (BTC/USDC)
Date of Analysis: July 11, 2025
Chart Timeframe: Daily
Strategic Scenario (6 to 12 months)
Bitcoin has confirmed the end of corrective Wave IV and is currently developing Wave V with strong bullish momentum. As long as the strategic support at $72,000 (Updated) holds, the long-term bullish trend remains valid, with targets at $140,000 and $147,500.
Key Observation:
The dominance of Bitcoin has surged to 64% prior to 63,1% in May 2025 (11/07/2025 - source coinmarketcap) of the total crypto market capitalization since November 2024, marking its highest level since 2021. This confirms Bitcoin’s outperformance relative to the broader crypto market, a trend that remains strongly active and further reinforces long-term bullish sentiment. NB : On the Short-term ETH is showing pre signal reversal versus BTC which is not the case on Alts Coin.

Tactical Scenario (1 to 3 months)
BTC is currently trading above the Tactical DCA Smart Zone ($107,000–$113,000). A daily close above $121,500 would confirm bullish continuation toward $140,000 and $147,500.
Momentum remains strong, with RSI above 67 and all key EMAs (21/34/89) trending upward in full bullish alignment.
Alternative Scenario
A failure to confirm above $121,500, followed by a break below $107,000, could trigger a retracement to $96,000 or $81,000, without invalidating the broader bullish structure.
Technical Key Elements
RSI: Strong, currently above 67.
Moving Averages: EMA 21/34/89 trending upward.
Key Supports: $107,000 (tactical), $96,000 (strategic DCA), $81,000 and $72,000 (strategic).
Breakout Confirmation Level: $121,500
Elliott Wave: Wave V in progress, likely in sub-wave (5).
Tactical Trade Plan
Buy Strategy: Buy on confirmed breakout above $121,500, or on pullback to the $113,000–$107,000 zone.
Targets: $140,000 and $147,500
Stop-Loss: Daily close below $107,000.
Alternative Sell Strategy: If BTC closes below $107,000, short-term correction toward $96,000 or $81,000 is possible, though long-term bullish trend remains valid.
Chart: Daily Basis (Candle Stick) - Logarithmic
Indicators: Exponential Moving Average (21/34/89) - RSI (21)
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