Bitcoin holds $119,887 for stability in moving average support price

• BTC prices continue to be held above $119,887, but Daily Emma is checking the ongoing upward market direction.
• All three EMAs have upward slopes that help support BTC between the $117,800 and $114,933 key zones.
• The bearish cross did not appear, and price action maintains a stronger position than the dynamic support area.

Bitcoin is trading nearly $119,887 to see the sustained uptrends that technology metrics are supported by strong moving average alignments. Daily Coinbase charts show that they hold BTC above the main support levels marked by an exponential moving average. Caleb Franzen’s commentary confirms that market sentiment remains bullish as support is built while resistance levels are cleared.

The price structure shows a clear uptrend

BTC will continue to have strong upward channels since late April, minimizing failures from the moving average band. The chart shows three key EMAs (blue, red, green) that act as dynamic support.

EMAS current values are $117,800, $116,107 and $114,933, indicating a close confluence at current price levels. Price candles continue to close on the blue Emma. It is often a bullish signal that reflects the conservation of momentum.

Despite the intermittent pullback, all Bitcoin candles remain above the three support lines. This collaborates with Franzen’s statement shared via X on July 30, 2025. He is also “resistance along the way,” meaning that past resistance zones have been turned into price support during the rally.

The volume shown on the chart is stable, with the daily bar confirming consistent interest without extreme spikes. This suggests sustainable upward behavior rather than short-term volatility.

Moving average defines momentum zones

Stacked Emma creates a price range that buyers have defended throughout the past 90 days of action. Price corrections are currently regularly bouncing off the lower band, nearly $114,933, unless closed below.

Since early May, the setup has been ongoing, forming a higher low and a higher price. This structure is reinforced with a clean follow-through, even between lateral movements from June to early July.

The slopes for all three moving averages remain upward, confirming the health of the trend. Bearish crossovers have not emerged, and interband compression implies a low-risk accumulation zone.

Bitcoin prices spent over 60 sessions on top of the green EMA. This trend reflects market beliefs and reduces the chances of sudden failure without macrocatalysts. Caleb Franzen’s visuals show that BTC is avoiding a deeper setback while consolidating near the July high. His statement, “We’re on the way,” is consistent with technical evidence from the price list.

The key level guides the trader’s decisions

Resistance shifted higher, with the next major ceiling being observed near $124,000 from the previous chart peak. The current level, around $119,887, serves as a strong price shelf after retesting the Blue EMA. The clean, step-like structure makes traders more clear about their invalidation zone. The collapse under the green band is $114,933, which would challenge the current bullish paper.

The chart shows some cores underneath Red Emma, but the body is regained by consistently closing the zone every day. This price action shows the strength of the buyer near the dip. The volume remains balanced, indicating that there is no extreme enthusiasm or fear in the market. This will encourage progressive movements and reduce the risk of large-scale divestitures. As support rises with prices, traders and analysts will monitor $120,000 more than $120,000 daily to begin the next breakout phase.