Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle
The post Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle appeared on BitcoinEthereumNews.com. Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum. $200K in 2025 is unlikely without stronger volume support. Long-term outlook remains bullish despite short-term hurdles. Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity. However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum. BTC faces a key resistance hurdle at $120,000 At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14. And while it is still 77% up over the past year, momentum has slowed in recent sessions. Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level. Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered. Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support. As long as Bitcoin maintains this position, the broader bullish trend remains intact. Futures market signals continued consolidation The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation. Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below). The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance. A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range. On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk…
The post Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum. $200K in 2025 is unlikely without stronger volume support. Long-term outlook remains bullish despite short-term hurdles. Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity. However, Bitcoin (BTC) will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum. BTC faces a key resistance hurdle at $120,000 At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14. And while it is still 77% up over the past year, momentum has slowed in recent sessions. Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level. Technical data reveals that the BTC/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered. Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support. As long as Bitcoin maintains this position, the broader bullish trend remains intact. Futures market signals continued consolidation The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market’s hesitation. Notably, the Bitcoin Futures’ price action, as evident on Yahoo Finance, remains locked between key pivots ($123,875 on the high end and $115,340 below). The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance. A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000–$132,000 range. On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk…
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