After a sharp rally to a local high of $122,000 earlier this week, Bitcoin price has entered a consolidation phase, trading near $117,300 at the time of writing. While the broader trend remains bullish, several technical signals on the lower timeframes now point to exhaustion. Bulls must defend the $115,000–$116,000 zone to avoid a deeper retracement. Bitcoin Price Forecast Table: July 17, 2025 Indicator/Zone Level / Signal Bitcoin price today $117,316 Resistance 1 $118,200 (Bollinger mid-band) Resistance 2 $120,500–$122,000 (supply + wedge) Support 1 $115,000 (EMA50 and local base) Support 2 $112,500 (trendline + liquidity) RSI (4H) 51.34 (neutral, cooling) MACD (4H) Bearish crossover VWAP (30-min) $117,297 (resistance) SAR (30-min) Above price (bearish) Bollinger Bands (4H) Tightening, volatility setup EMA Cluster (20/50/100/200, 4H) 20 EMA at $117,496 (pivot zone) Derivatives Volume -14.35%, cooling sentiment Options Hot Zone (July 25) $117,000–$118,000 (pin levels) What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) The daily chart shows BTC rejecting from the upper boundary of a long-term rising wedge, with the latest candle forming a potenti… The post Bitcoin (BTC) Price Prediction for July 17, 2025 appeared first on Coin Edition .
