BTC/USD Forex Signal 10/7/2025 : Bullish Triangle Suggests

(MENAFN- Daily Forex) Risk assets have seen a broad recovery, including Bitcoin, which briefly traded at a new record high yesterday. Bitcoin looks likely to make a bullish breakout to new highs soon.

My previous BTC/USD signal on 16^th June was not triggered, as there was no bearish price action at any of the identified resistance levels.

Today's BTC/USD Signals

Risk 0.50% per trade.

Trades may only be taken before 5pm Tokyo time Thursday.

Long Trade Ideas

• Long entry after a bullish price action reversal on the H1 timeframe following the next touch of $110,569, $108,273, or $107,284.
• Place the stop loss $100 below the local swing low.
• Adjust the stop loss to break even once the trade is $100 in profit by price.
• Remove 50% of the position as profit when the trade is $100 in profit by price and leave the remainder of the position to ride.

The best method to identify a classic“price action reversal” is for an hourly candle to close, such as a pin bar , a doji , an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

BTC/USD Analysis

I wrote in my previous BTC/USD forecast on 16^th June that the technical outlook was bullish, but I thought that the price was unlikely to overcome $110,000 and was vulnerable to war in the Middle East.

This was a good call as the price advanced over the day but only as far as $109,000, and over the subsequent days the price fell quite heavily.

Now almost one month later, the picture looks much more bullish, with risk appetite returning to the markets in recent days, even notwithstanding the new Trump tariffs. This saw Bitcoin rise strongly yesterday to briefly trade at a new all-time high just above $112,000.

We see this advance hold up bullishly, and the price over the past few hours has printed a perfect consolidating triangle from which the price must break out soon.

It is not clear which direction the breakout will take, but things seem nicely set up for an advance to new highs.

I will enter a long trade today if we get a bullish bounce at the support level at $110,569 or at today's New York close if the close is above $112,000.

I am not interested in any short trades here today.-p

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There is nothing of high importance due today regarding Bitcoin. Concerning the US Dollar, there will be a release of Unemployment Claims data at 1:30pm London time.

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