BTC - Bullish Continuation in Progress towards $140,000, Breakout Above $121,500 in Focus

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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