FPG BTCUSD Market Report July 15, 2025

Bitcoin has reached a new all-time high at 122,819.54 & is currently trading slightly lower around 119,820 on the weekly chart. The overall trend remains bullish, with price action supported by a long-term ascending trendline and clear positioning above the Ichimoku Cloud. The Tenkan-sen (red line) and Kijun-sen (blue line) are both sloping upward, and the Tenkan-sen remains above the Kijun-sen, indicating bullish momentum in both the short and medium term. The Chikou Span (lagging line) is well above historical price action, further confirming the strength of the prevailing uptrend. Price is riding the upper Bollinger Band, a sign of a strong trend, though also suggesting the potential for short-term consolidation.

Momentum indicators are showing early signs of overextension. The Stochastic Oscillator (5,3,3) is in deep overbought territory, with the current reading above 90. While this supports the ongoing bullish momentum, it also warns of possible exhaustion in the near term. There has not yet been a bearish crossover, so upward momentum may continue in the short run. The Bollinger Bands are expanding, which typically confirms trend strength, but the current price sitting just under the upper band suggests a potential for a brief pullback or sideways movement before any further advance.

The Bulls Power indicator continues to print strong positive values, currently at 17,026.95, indicating solid underlying buying pressure. The recent rally has been accompanied by increasing volume, supporting the legitimacy of the breakout to new highs. Key support now lies at 110,716.09 and 99,463.63, with resistance at the all-time high of 122,819.54. If BTC can hold above the 119,000 area and consolidate, a breakout above the recent high could trigger the next bullish leg. However, if momentum fades and price slips below 110K, a deeper correction to test the ascending trendline or lower Ichimoku support may follow. Overall, the trend remains bullish with healthy structure, though traders should monitor for signs of short-term cooling.

Market Observation & Strategy Advice
1. Current Position: Currently around 119,820, just below the all-time high of 122,819.54. The weekly trend remains strong and bullish, with price well above the Ichimoku Cloud and long-term trendline.
2. Resistance: Immediate: 122,819.54. Psychological: 125,000. Extended Target: 130,000+.
3. Support: Short-term: 110,716.09. Medium: 99,463.63. Structural: Rising trendline & Ichimoku Kijun-sen.
4. Indicators Reading:

• • Ichimoku: Strong bullish alignment.
  • Bollinger Bands: Expanding, price near upper band.
  • Stochastic: Overbought (~90), risk of short-term pause.
  • Bulls Power: Elevated at 17,026.95.
  • Volume: Rising, confirming trend strength.

5. Trading Strategy Suggestions:
Bullish Trend Traders: Stay long while above 110,716.09. Use trailing stops to protect profits as price approaches or breaks above 122,819.54. Consider adding positions on a confirmed breakout with strong volume.
Range & Short-term Traders: Watch for possible consolidation or pullback from current overbought levels. Look for entries near 110K–115K if price pulls back while maintaining structure.
Risk Management: Use stops below 99,463.63 for swing positions. If price breaks below the Ichimoku base line or ascending trendline, reassess the bullish bias.
Breakout Traders: Watch for strong candle close above 122,819.54 with high volume and follow-through could open the door to 125K and beyond.

Market Performance:
Crypto Last Price % Change
ETHUSD    2,991.8 −0.76%
LTCUSD        93.36 −2.39%

Today’s Key Economic Calendar:
AU: Westpac Consumer Confidence Change
CN: GDP Growth Rate YoY
CN: Industrial Production YoY
CN: Retail Sales YoY
DE: ZEW Economic Sentiment Index
US: Core Inflation Rate MoM & YoY
CA: Inflation Rate YoY