Bitcoin price prediction: BTC stuck in range for 13th day as volume spikes on selloff

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Sholanke Dele

24.07.2025

Bitcoin price prediction: BTC stuck in range for 13th day as volume spikes on selloff — Bitcoin fails to break resistance

Bitcoin price could mark a thirteenth consecutive day of price action boxed inside a narrow $4,000-point range, boxed below the $120,000 psychological level. Despite a promising start to the week, the $120,000 mark has capped all attempts to extend gains, leaving price action compressed just under its all-time high.

• Bitcoin fails again at $120,000 as price enters day 13 of tight consolidation

• Bitcoin slipped 1.8% to $117,130 on rising volume, showing increased sell pressure

• RSI near 50 and flat price action reflect market indecision and lack of clear trend

Thursday’s trading behavior has exposed a clear volume shift beneath the surface. Bitcoin began the day during the Asian session with a 1% bounce to an intraday high of $119,320. However, the upside movement lacked strong buyer conviction, as volume on the ascent fell, suggesting that bulls were not fully engaged. This light-volume rally failed to spark meaningful continuation.

Bitcoin price dynamic (June - July 2025). Source: Tradingview

By the London open, the tone shifted. Bitcoin slipped 1.8% to a low at $117,130, and this decline printed on increasing volume. Such a pattern raises questions over underlying sentiment, as heavier volume on selloffs typically reflects stronger conviction from sellers. Despite this pressure, Bitcoin has recovered slightly during the European session, now trading near $118,777. But in context, this rebound may represent nothing more than a technical retracement within a broader consolidation structure.

Bitcoin RSI flat near 50 shows no strong directional momentum

The 4-hour chart RSI confirms the lack of trend clarity. Since midweek, the RSI has been stuck near the 50 neutral mark, reflecting the absence of any decisive investor inflow in either direction.

There are growing signs that traders may be reallocating capital into altcoins. Some non-Bitcoin assets have started posting gains, possibly reflecting investor fatigue toward Bitcoin’s stagnant structure. However, on-chain indicators are yet to show strong selling by long-term holders. Instead, there are only early signs of renewed supply, which aligns with a market still lingering in the early distribution stages of the current bullish cycle.

If accumulation resumes and new capital flows back into Bitcoin, a breakout could eventually materialize. But for now, consolidation near the highs continues, and price structure suggests sellers are beginning to show more intent than buyers. The next few sessions will be key in determining if this range resolves to the downside, or whether fresh demand returns to reclaim higher ground.

Bitcoin rebounded as Asian and European traders bought the dip ahead of the $120,000 mark. Bitcoin formed a golden cross while RSI climbed above neutral, indicating bullish momentum.

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