FPG BTCUSD Market Report July 11, 2025

The weekly BTCUSD chart reveals that Bitcoin has successfully broken above its previous all-time high, establishing a new peak around the 115,000 level. This breakout marks a critical psychological and technical milestone, confirming the continuation of the long-term uptrend that began in early 2023. The price remains well-supported by a steady ascending trendline, and candles are clearly positioned above the Ichimoku Cloud, signaling a strong bullish environment. The Tenkan-sen (red) and Kijun-sen (blue) lines are aligned in a bullish configuration, and the Chikou Span (green) is positioned well above the price and cloud, confirming that momentum remains firmly in favor of the bulls.

The Bollinger Bands are expanding, reflecting heightened volatility and confirming the strength of the breakout. Price action is pressing against the upper Bollinger Band, suggesting aggressive buying activity. The middle band (20-week SMA) continues to act as dynamic support, and with no historical resistance above current levels, BTC could push further into price discovery, with the next round psychological levels at 120,000 or even 130,000 potentially acting as upside targets. The breakout from the previous resistance zone around 110,716–115,216 shows conviction, supported by momentum and trend-following indicators.

The Stochastic Oscillator (5,3,3) is in the overbought zone above 80, which is typical in strong uptrends, though it warrants caution for short-term traders. However, there is no sign of a bearish crossover yet, meaning momentum remains strong. The Bulls Power indicator is also elevated, reinforcing the strength of buyer interest at these levels. While a minor pullback or consolidation could occur given the overbought conditions, the overall structure remains bullish. As long as BTC holds above the breakout level and trendline support, the market outlook favors continued upside momentum into new all-time highs.

Market Observation & Strategy Advice:

1. Current Position: Bitcoin (BTCUSD) is currently trading at a new all-time high near $115,000, breaking above the previous resistance zone of $110,716–$115,216 on the weekly timeframe. Price is trending strongly above an established ascending trendline, indicating long-term bullish control. The structure remains intact, with no signs of trend exhaustion yet.

2. Resistance: With BTC entering price discovery, there is no historical resistance above the $115,216 level. However, psychological round numbers such as $120,000, $125,000, and $130,000 may act as potential future resistance zones.

3. Support: Immediate support lies around the breakout zone ($110,000–$115,000), followed by dynamic support at the 20-week SMA (middle Bollinger Band) and the weekly Kijun-sen. Further downside protection is provided by the long-term trendline and horizontal support near $99,463.

4. Indicators:

• Ichimoku Cloud: Price is well above the cloud with bullish Tenkan/Kijun crossover and a free Chikou Span — strong uptrend confirmation.

• Bollinger Bands: Bands are expanding; price is riding the upper band, indicating momentum and increasing volatility.

• Stochastic Oscillator (5,3,3): In the overbought zone, suggesting strong bullish momentum but a risk of short-term pullback.

• Bulls Power: Elevated, confirming strong buying pressure and positive sentiment.

5. Trading Strategy Suggestions:

• Trend-following traders should hold existing long positions with trailing stop-losses below $110,000 or near the Kijun-sen.

• New buyers may consider waiting for a pullback to support ($110K zone or 20-week SMA) to reduce risk.

• Short-term traders should be cautious of overbought signals; consider partial profit-taking or look for re-entry on dips.

• Avoid countertrend short positions unless clear bearish signals (e.g., bearish divergence or stochastic cross-down) appear.

• Overall, the bias remains strongly bullish while price holds above the $110,000 breakout zone.

Market Performance:

Crypto Last Price % Change

ETHUSD 2,928.2 −0.78%

LTCUSD 94.06 −0.84%

Today's Key Economic Calendar:

UK: GDP MoM

CA: Unemployment Rate

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.