🔍 BTC Price Outlook: Next 7 Days

📈 Technical & On‑Chain Overview

Analysts see strong bullish momentum as bitcoin recently broke through the $118K–$120K level, now trading above key EMAs (50‑day, 200‑day), backed by rising spot ETF inflows and regulatory optimism in the U.S.

Charts show cup‑and‑handle patterns, rising MACD, and RSI in overbought territory—indicating further upside is possible, but also raising the risk of a short-term pullback

📊 Forecasts & Expert Expectations

Source Estimated 1‑Week Target (≈ July 20)

CoinLore (technical model) ≈ $120,074 (−0.4% vs high)
Traders Union Up to $126,626 within a week
CoinDCX / Changelly Forecast of 3%–5% gain → ~$122K next week
FXStreet / Barron’s Analysts Targeting $120K–$134.5K depending on momentum and ETF flow

🚨 Key Levels to Watch

Support: $110K–$112K (Former resistance now acting as floor)

Immediate resistance: $120K (psychological + technical)

Upside scenario: $122K–$126K (analyst targets if momentum sustains)

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🧭 Summary & Scenario Analysis

🚀 Bullish Scenario

If ETF flows continue, regulatory clarity improves (e.g., U.S. "crypto week" legislation), and technical momentum holds:

A climb toward $122K–$126K is plausible within the week.

Momentum experts like Stockton project up to $134.5K in coming days .

⚖️ Balanced Scenario

Modest gains of +3%–5%, pushing price toward $122K, remain likely if buying pressure stays consistent. Forecasts from CoinDCX and Changelly support this level.

🔄 Bear/Retracement Scenario

Given strong overbought RSI readings and short-term technical exhaustion, a pullback toward $112K–$115K could occur before resuming an uptrend. CoinLore and other models suggest a slight decline or consolidation.

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✅ Weekly Outlook

Base case: $121K → $122K (≈ +1%)

Optimistic: $124K–$126K if bullish catalysts hold

Cautious: $112K–$115K if profit-taking or technical resistance emerges

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⚠️ Risks to Monitor

Regulatory shifts or political developments (e.g. impact of U.S. legislative session or tariffs)

High RSI & overextension signaling a possible near‑term pullback

Macro headlines, especially upcoming inflation or earnings data influencing risk assets

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In short: near‑term sentiment remains bullish, with targets clustering around $122K to $126K if momentum continues. But momentum might stall, and shallow pullbacks toward $112K are plausible. Monitor ETF inflows, regulatory updates, and technical support zones for signals.