The price of Bitcoin (BTCUSD) declined slightly in its last intraday trading, affected by the stability of the main resistance level at $120,000, which obstacles the continuation of the rise, pushing the price to gather the gains of its previous rises temporarily, and attempts to offload some of the clear overbought conditions on the (RSI), with the appearance of negative overlapping signals that indicates the weakness of the current momentum.

Despite this decline, the price remains protected by significant supporting factors, the most important is its trading above EMA50, which represents a key dynamic support, besides the continuation of the main bullish trend dominance on the short-term basis alongside a bias line, leaving the way open for potential recovery and resuming the rise if it breaches the current resistance.

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Weekly performance report available here: Trading Signal Results Week of July 1418, 2025