Forecast for the Bitcoin (BTC) Value on July 24th

Forecast for the Bitcoin (BTC) Value on July 24th

In the cryptocurrency market, Bitcoin (BTC) has been maintaining a steady position near the $118,000 mark as of late July 2025. The digital currency has shown resilience, bouncing off the resistance of $119,482, but a potential decline to the $112,000 level may be on the horizon if the bulls fail to seize the initiative.

According to various analysts, the Bitcoin price predictions for the upcoming days and weeks in late July 2025 suggest a moderate bullish outlook around the $115,000 to $118,000 range. This range is quite close to the current price levels, which hover between $116,000 and $118,360.

CryptoRank and Coin Edition analysis indicate that BTC closed June near $107,700 and is currently testing resistance near $110,000 to $110,500. If the upward momentum holds, a potential breakout could target $114,500 to $125,000. Some forecasts, including technical analyses and historical patterns, suggest that BTC could reach around $115,000 during July 2025.

Changelly's prediction specifically expects a slight short-term drop of about 0.6% by July 27, 2025, with a trading average near $117,170 for July 2025. The potential price peaks for the month range from $115,272 to $119,067.

CoinDCX’s latest forecast sees an average price around $115,000 for mid-July 2025, with a minimum near $104,000 and a maximum target up to $125,000. This reflects a bullish recovery phase for Bitcoin.

It's important to note that the situation on the longer time frame for Bitcoin is more bearish than bullish. The local support for the price of Bitcoin is at $117,465, and if the candle for Bitcoin closes far from the resistance of $119,482, a decline to the nearest level of $112,000 is expected.

Meanwhile, Ethereum (ETH) is also experiencing some volatility. If the candle for Ethereum closes near the bar low, a test of the $115,226 support level is expected. As of the current hourly chart, the price of Bitcoin is almost unchanged since yesterday.

The market, according to CoinStats, may be entering a correction phase, which could impact both Bitcoin and Ethereum's prices in the coming days. However, the overall outlook for Bitcoin remains bullish, with analysts expecting moderate bullish momentum with critical support in the $104,000–$106,000 range. A breakout above $110,000 to $110,500 is viewed as a key trigger for upcoming gains toward the $120,000+ zone.

1. Analysts predict that the Bitcoin price will remain within a moderate bullish range of $115,000 to $118,000 in the following days and weeks, the current price levels being close to this range.
2. Changelly's prediction indicates a slight short-term drop of approximately 0.6% by July 27, 2025, with an average trading price of $117,170 for the month of July.
3. Meanwhile, CoinDCX's latest forecast sees an average price for Bitcoin at $115,000 during mid-July 2025, with a minimum near $104,000 and a maximum target up to $125,000.
4. Despite a potential decline to the $112,000 level, the overall outlook for Bitcoin remains bullish, with key support in the $104,000–$106,000 range and a breakout above $110,000 expected to trigger gains toward the $120,000+ zone. Additionally, Ethereum may experience a test of the $115,226 support level if its price closes near the bar low.

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