Bitcoin price remained supported above the $107,500 zone. BTC is now recovering losses and might aim for a move above the $109,200 resistance.

• Bitcoin started a recovery wave above the $108,000 zone.
• The price is trading above $108,500 and the 100 hourly Simple moving average.
• There is a bearish trend line forming with resistance at $109,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start a fresh increase if it stays above the $107,500 zone.

Bitcoin Price Eyes Upside Break Bitcoin price started a fresh decline after it failed near the $110,000 zone. BTC declined below the $108,500 and $108,000 levels before the bulls appeared. A low was formed at $107,650 and the price started a recovery wave. There was a move above the $108,500 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from the $109,700 swing high to the $107,500 low. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average. The first key resistance is near the $109,050 level. Besides, there is a bearish trend line forming with resistance at $109,050 on the hourly chart of the BTC/USD pair. The next resistance could be $109,200 or the 76.4% Fib level of the downward move from the $109,700 swing high to the $107,500 low. A close above the $109,200 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. The main target could be $115,000. Another Decline In BTC? If Bitcoin fails to rise above the $109,200 resistance zone, it could start another decline. Immediate support is near the $108,400 level. The first major support is near the $108,200 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $105,500 support in the near term. The main support sits at $103,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $109,200 and $110,000.

Bitcoin has broken out of the orange bull flag on the 1-hour chart. After consolidating within a tight range, the breakout suggests that momentum is shifting back in favor of the bulls, and potentially setting the stage for a rapid push toward higher resistance levels. Pullback Or Launchpad? What Bitcoin’s Next Move Could Look Like According to MaxFINEancial’s latest analysis on X, he highlighted that a large green double bottom is forming within an orange bull flag on the 1-hour chart, which is a bullish continuation setup. The local high was a test of the trigger line of the double bottom, which signaled intent from the bulls. BTC is retesting the upper edge of the bull flag, aligning with the 1-hour 200-day MA, a critical dynamic support level that often dictates short-term momentum. MaxFINEancial projects a small pink bullish pennant forming and setting up for a continuation move higher. However, a rare diamond top pattern could also be taking shape, a bearish reversal formation that, if validated, may trigger a sharp downside move. If BTC loses the 1-hour 200-day MA, he advises shifting focus to the 4-hour 200-day MA, which is the line of defense. The important bullish area targets are $113,700, $115,867, $117,030, and $122,143, while the bearish diamond top target is $103,079. Market analyst A_y has also highlighted that Bitcoin is consolidating below the $110,000 resistance on the 4-hour chart, with the structure forming a textbook ascending triangle. This setup is the rising higher lows against horizontal resistance that precedes a strong breakout. If BTC manages to break above $110,000, the move could accelerate toward the $112,000 to $114,000 range, marking a bullish trend. However, failure to breach this ceiling may lead to a pullback toward $104,000, where previous demand has stepped in. The Relative Strength Index (RSI) is neutral, suggesting that there is room for momentum to build, while the Moving Average Convergence Divergence (MACD) shows a bullish crossover, that is hinting at potential upward momentum, BTC is still trading below the EMA, which means bulls need to prove strength for a confirmed breakout. Bitcoin Stable At $108,000 — Market Cooling, Not Crashing In an update on X, Chad_TattoosMD also emphasized that Bitcoin is showing resilience and holding strong around the $108,000 level despite the recent dip. BTC is maintaining its structure and refusing to break lower, which is a sign of underlying buyer confidence. The Relative Strength Index (RSI) sits at neutral 54, indicating no extreme momentum in either direction. Meanwhile, the Stochastic (RSI) has entered overbought territory and is now cooling off, hinting at a potential short-term pullback. However, nothing on the chart suggests a breakdown is imminent. Chad_TattoosMD also points to $106,000 as the key support, and $112,000 as the resistance, which remains in a tight zone on the chart.

With one week already gone in the month of July, Ethereum has already begun to perform better than Bitcoin. While the gap is still very close, the outperformance of Ethereum over Bitcoin for only the second time this year could signal the entrance of better things for the altcoin market. If this continues, then an altcoin season might be on the horizon, as historical data shows it always begins with ETH outperforming BTC. So, let’s take a look at how both assets have been performing. Ethereum Barrels Ahead Of Bitcoin In July So far, in the month of July, the Ethereum price has been putting in more green candles, suggesting that bulls are making their move again. This has led to a small outperformance when compared to the Bitcoin price over this time period and could be the signal that altcoin season could be starting soon. Data from the CryptoRank website shows that Ethereum is already up more than 2.50% since the start of July. Meanwhile, the Bitcoin price, while having seen some price increases, is up only 1.20% at the time of this writing. Thus, Ethereum is already performing better in the month of July. If this outperformance continues, then this would be only the second time that the Ethereum price will be doing better than the Bitcoin price so far in 2025. The first was back in May, when the Ethereum price rallied by over 41% in one month. This was major compared to Bitcoin’s 11.1% move in that month. However, while the Bitcoin rally in the month of May saw its price reach new all-time highs, Ethereum continues to struggle and remains below its $4,800 all-time high levels. Nevertheless, Ethereum’s rally did translate to bullishness for the altcoin market as the likes of PEPE and BONK rallied by more than 100% in response to this. Given that Ethereum has led the altcoin season in the past, its outperformance of Bitcoin at this level remains a positive. If it continues, then the altcoin market could start to see further increases in price. And if Ethereum rises another 41% from here, it would put it right on the path to $4,000. However, the month of July has not historically been the best month for Ethereum, with an average return of +5.13%. The whole of the third quarter of the year is also a mixed bag for the altcoin, with an equal number of green and red closes over the last decade. Thus, it remains to be seen how the ETH price will perform this quarter and if it can successfully outpace Bitcoin.

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst suggests that the flagship crypto’s daily close could set the stage for a bullish end of the week despite potential volatility. Bitcoin Breakout To Come ‘Sooner Or Later’ At the start of the new quarter, Bitcoin has retested crucial levels, touching the $105,000 support and $110,000 resistance over the past four days. Amid its Tuesday pullback, the flagship crypto fell to a two-week low but managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems previously noted that BTC needed a strong rebound from the “most important” support and resistance area, between the $104,000 and $106,000 price levels, explaining that failing to hold this range would open the door for a drop to the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s price action after holding the key levels, which “provided the perfect entry for a bounce, just as expected.” Following this performance, he asserted that Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling that potential further expansion is ahead. Nonetheless, he pointed out that the flagship crypto is still trading in a two-month range, suggesting a volatile price action until the price successfully breaks out, which it has attempted to do earlier this week. “Since we are in a range, we are forced to respect the key levels of the range: high, mid, and low,” Sjuul detailed, adding that all eyes are currently on the mid-range, where bulls must step in to confirm the bullish move to the range high. Based on this, the analyst forecasted another move above the $110,00 mark, where “we have left a lot of unfinished business” and “plenty of liquidity lies.” He pointed to a huge cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that “price is attracted by liquidity, so I am expecting that level to be visited sooner or later.” BTC Eyes Pivotal Closes After being rejected from the $108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin broke out of two 2-week downtrends in the past 40 days but was rejected from the crucial 6-week diagonal downtrend, around the $108,000 mark, during the same timeframe. This week, BTC closed above this resistance twice, and daily closed above the $109,000 mark on Thursday. However, Friday’s pullback saw Bitcoin drop below the crucial level, falling to the $107,245 area. The analyst considers that a key retest of the pattern is in progress. He previously explained that any dipping into the top of Bitcoin’s pattern could “technically be considered additional retesting to further solidify the recently broken black diagonal resistance into new support.” Nonetheless, BTC must close today above the diagonal resistance for a successful retest. “Bitcoin is losing the diagonal for the moment. But if price Daily Closes above the diagonal, then this will have ended as a downside wick as part of a volatile retest. Upcoming Daily Close will be pivotal,” he stated. Meanwhile, Bitcoin is also on the cusp of making history as its price nears the “final major Weekly resistance” around the $109,000. Rekt Capital detailed that if BTC closes above this level, it would confirm a break from this major resistance, which would likely unlock a new all-time high (ATH). He concluded that, with the recent weekend volatility, “we won’t know until the very last moment heading into the new Weekly Close whether this level has been flipped into support or not.”

Just when the crypto market seemed like the bear market phase was about to begin, Bitcoin, the largest digital asset, has rallied hard, revisiting key price levels such as the $110,000 mark. As BTC’s price has surged sharply, whale investors are exhibiting significant optimism about the asset’s short-term prospects. A Sign Of Bold Bets Among Bitcoin Whales Bitcoin is riding a bullish wave following a renewed bullish market sentiment, causing its price to rise above the $109,000 level. Presently, whales are once again taking risks and increasing their long bets as the price of BTC undergoes a spectacular ascent. This bullish behavior among whales or big investors was announced on the X platform by Alphractal, an advanced on-chain data analytics and investment platform. According to the on-chain platform, BTC whales are in full force of the trend. The expert highlighted that these big investors’ aggressive long positions are constantly piling up while short positions are getting liquidated. Specifically, the aggressive positioning of major investors suggests that they have rekindled their belief in Bitcoin’s upward trajectory and are placing bets on even higher valuations in the future. With BTC’s price rising and whales ramping up long positions, this paints a positive outlook for the flagship asset in the short term. In the meantime, a strong undercurrent of confidence is added to the market as these big players stack leveraged bets in favor of further gains, which might pave the way for the next explosive leg-up for Bitcoin. Alphractal observed the development after examining the Whale Position Setiment metric. BTC Whale Position Sentiment is a key metric that monitors orders totaling more than $1 million. Also, the metric is considered one of the most powerful and alpha-rich indicators in the broader derivatives market. The on-chain platform stated that the metric is frequently strongly linked to the price behavior of Bitcoin, as big investors control the majority of the global trading volume. Should this trend extend alongside a continued BTC rally, it could act as a springboard to a major rally, with the flagship asset reaching a new all-time high in the upcoming weeks. BTC’s Price New Direction Is Upward After a notable bounce, Bitcoin is now challenging key resistance levels as it surges to its current all-time high. Crypto Dan, a market expert and author, has shared insights on BTC’s recent move, claiming that the direction has already shifted toward an upside trajectory. “Looking at Bitcoin’s movements from last April to the present, it appears that the market direction has shifted upward,” the market expert stated. Since April this year, the expert highlighted that US whales and institutions have been steadily reducing their selling pressure, as indicated by the red arrow on the chart. Meanwhile, their buying pressure is being maintained within the yellow box. According to Crypto Dan, Bitcoin is currently in a consolidation phase where short-term overheating is being resolved. Although there is still a chance for a pullback, the expert claims that the overall market trend is still upward, underlining his confidence toward the second half of 2025.

Bo Hines, executive director of the President’s Council of Advisors on Digital Assets, signalled that Washington is seriously considering a public-private partnership with US miners to expand the Strategic Bitcoin Reserve—without spending new federal dollars. Speaking with Marathon Digital Holdings chief executive Fred Thiel, Hines said that “a public-private partnership between the miners could be a phenomenal way to accumulate Bitcoin for the reserve” adding that the working group is “look[ing] forward to being part of that. White House Considers Partnering With Bitcoin Miners Created by Executive Order 14233 on 6 March 2025, the Strategic Bitcoin Reserve directs the Treasury to amass BTC through budget-neutral means—principally by sweeping forfeited digital assets and deploying “creative solutions” to acquire more. Hines said the inter-agency working group set up under that order is now examining mechanisms that would let industrial miners route a portion of fresh block rewards directly to Treasury custodial wallets, potentially in exchange for long-term power-purchase contracts or accelerated permitting. “We’ll work with Commerce, we’ll work with Treasury Secretary Bessent to find these creative solutions,” he told Thiel. “A public-private partnership between the miners could be a phenomenal way to accumulate Bitcoin for the reserve.” Thiel, whose company operates one of the world’s largest fleets of ASIC rigs, noted that such a scheme would simultaneously increase US on-shore hash-rate and give the government a predictable pipeline of newly mined BTC. “One of the great opportunities—especially that solves two issues—helps the government accumulate Bitcoin and helps Bitcoin miners establish more hash rate in the US—is to partner with the US government,” he said. Hines agreed, replying, “Absolutely. We certainly look forward to being part of that.” The conversation also centred on the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which cleared the Senate Banking Committee lately with rare bipartisan support and is queued for a floor vote. Hines called the bill “really monumental,” emphasising that instant-settling, dollar-backed stablecoins would modernise payments and “secure our global dominance for decades to come.” He predicted that regulated stables could propel total digital-asset market capitalisation to “15–20 trillion dollars” and channel new liquidity into Bitcoin once market participants can “move in and out of different asset classes at will.” Pressed by Thiel on how large the reserve should ultimately be, Hines dismissed the question as “silly,” reiterating that officials would pursue every legal avenue to expand holdings: “We want as much Bitcoin as we can possibly accumulate.” Notably, the Executive Order laid down an aggressive schedule: by April 5, 2025 (30 days after signature) every federal agency was to file both a legal-authority review and a full on-chain accounting of whatever Bitcoin or other digital assets it held; by May 5, 2025 (60 days) the Treasury Secretary had to deliver a legal-and-investment evaluation for managing the Strategic Bitcoin Reserve and Digital Asset Stockpile. None of the documents has been released. When asked about the silence, Bo Hines said last week that “there’s nothing in the order that mandates that the report becomes public,” but added the administration “could choose to make it public at some point.” At press time, BTC traded at $109,034.

Bitcoin has been gaining strength over the past several days, with price action relaying the buying interest from institutional players. A surge of inflows into spot Bitcoin ETFs helped push the price to $109,758, followed shortly after by another move to around $110,386 in the past 24 hours. This brings Bitcoin within close proximity to its price peak just above $111,000. Now that momentum is clearly leaning bullish, technical analysis shows a breakout that could see Bitcoin increase by another 52% within the next three months. Fibonacci Extension Model Points To $166,000 Price Target CryptoCon shared a chart based on Fibonacci extensions that places the next major upside target at $166,754. This level corresponds to the 5.618 Fibonacci ratio and marks a projected 52% increase from the current region around $109,000. The analyst highlighted how previous Fibonacci extension levels like $30,362, $46,831, $71,591, and $109,236, have all aligned with important points for Bitcoin’s price action throughout the ongoing cycle.  According to CryptoCon, this model has consistently tracked Bitcoin’s moves over the past two years. As shown in the price chart below, the 1.618, 2.618, 3.618, and 4.618 Fibonacci extension levels have all been reached this cycle, with the latest being $109,236 at the 4.618 Fib level. Keeping this in mind, the next Fibonacci extension level is at 5.618, which corresponds to $166,754.  The $166,000 mark has remained unchanged as the cycle’s next projection. But although the timing has proven difficult to nail down, the structure of the chart is still intact and continues to validate the target. Bitcoin’s price action is currently sitting just above the 4.618 extension level, and a 52% rally from here would complete the pattern.  Revised Timeline Pushes Target To September Although the projection for $166,000 is still consistent, the timeline to reach it has undergone several adjustments. CryptoCon estimates that Bitcoin could reach the $166,000 level by September; however, he also acknowledged that the forecast has shifted several times.  He explained that the current cycle has taken longer than any previous one, which has caused earlier predictions to be delayed. To put this in perspective, Bitcoin’s current cycle began in late 2022 after it reached a bottom around $15,000 during the bear market. This means the current bull phase has dragged on for almost three years. Still, data has shown over and over that the cycle is not finished, and so the only thing left to do is to wait. At the time of writing, Bitcoin is trading at $109,110. If the $160,000 price target is eventually reached in September, the next outlook would be a possible move to the 6.618 Fib extension, which is sitting at a price target of $254,162.

The wait for altcoin season continues as the crypto market is still showing signs of bearish movement. Expectations are high that the altcoin market will begin to rally soon, but not everyone is optimistic that the altcoin season is coming. One of those is market analyst and expert Stockmoney Lizards, who has said that it is not happening soon. Altcoin Season Is Not Happening Soon In an X (formerly Twitter) post, Stockmoney Lizards informed their over 160,000 followers that the altcoin season could not be happening anytime soon. The analyst said that it is “not even remotely close”, pointing to the rising Bitcoin dominance as the reason why the altcoin season is still far off. Analyzing the chart, the market expert explains that despite the Bitcoin dominance having fallen by around 2%, it still doesn’t mean much. This is because the dominance is still very strong and continues to trade inside the channel. This channel also charts a possible increase in the Bitcoin dominance from here, which would be detrimental for altcoins. So far, the Bitcoin dominance has also managed to hold above 65%. While this is not the highest it has ever been, it is still incredibly high, with previous altcoin seasons not happening until the dominance had fallen toward 40%. The analyst doesn’t entirely rule out the possibility of an altcoin season, saying it will still come. However, for now, Bitcoin continues to dominate, as he explains that “BTC is the measure of all things.” Altcoin Dominance Reaches 2021 Levels As the Bitcoin dominance has risen and the altcoin dominance has fallen, they have gone toward levels not seen in years. For example, the last time the Bitcoin dominance was above 65% was back in 2021 before it crashed to usher in the altcoin season, according to data from CoinMarketCap. Even worse is the Ethereum dominance, which has dropped to 5-year lows. Sitting at only 8%, it is now at levels recorded back in 2020 before the market rebounded from the COVID-19 crash. This has greatly diminished Ethereum’s ability to pull the altcoin market up with it. In the same vein, the altcoin dominance, excluding Ethereum, has now dropped to 26%. The last time that the OTHERS dominance was this low was in 2021. However, this was right around when the altcoin season was starting, suggesting that the current market could be at the cusp of another altcoin run. Nevertheless, for there to be any sustainable altcoin season, the Bitcoin dominance must first crash. Going by what happened back in 2017 and 2021, at least a 40% crash in the Bitcoin dominance is required to usher in the altcoin season.

Bitcoin is currently trading just below its all-time high of $112,000, caught in a tight range as both bulls and bears struggle to take control. While buyers have shown strength by consistently defending key support levels, they have yet to muster the momentum needed to break into price discovery. At the same time, sellers have failed to force a deeper correction, highlighting the market’s resilience. Analysts remain cautiously optimistic, with many leaning bullish amid improving macroeconomic conditions and risk-on sentiment in traditional markets. The recent strength in US equities has spilled into crypto, giving BTC a tailwind, yet not enough to trigger a decisive breakout. On-chain data adds further insight into this pivotal moment. According to CryptoQuant, the 30-day percentile of the Unrealized Profit/Loss (P/L) Ratio currently stands at 80%. This metric indicates that a significant majority of BTC holders are sitting on profits; yet, we remain below the historically extreme 90–100% zone associated with major selling pressure. This suggests that Bitcoin still has room to rally before holders begin aggressively taking profits. BTC Nears Breakout As Profits Accumulate Bitcoin is on the verge of a major breakout, rising 47% since its April lows and trading just under 2% away from its all-time high at $112,000. The broader market is heating up as macroeconomic uncertainty begins to fade — US equities continue to climb, bond volatility is dropping, and investor appetite for risk is returning. This has created a favorable backdrop for BTC, which has steadily reclaimed ground over the past two months. Bulls remain firmly in control, but a breakout into price discovery is still needed to confirm the start of a new expansive phase. Analysts widely agree that the coming days will be pivotal. A clean move above resistance could open the door for a rally to new highs, while a failure to hold key levels may force BTC into another consolidation. Top analyst Axel Adler shared a critical on-chain signal supporting the bullish outlook. According to Adler, the 30-day percentile of Bitcoin’s Unrealized Profit/Loss (P/L) Ratio currently stands at 80%. This means the ratio of coins held in profit to those in loss is significantly elevated — most holders are in the green. Historically, profit-taking accelerates only when the metric enters the 90–100% range. Since BTC is still below that overheated threshold, there’s additional room for upside before the market faces heavy sell pressure. As profit margins rise, so does the risk of volatility — but at this point, the data still favors the bulls. If the breakout comes soon, it could mark the beginning of a fresh leg higher and push BTC firmly into uncharted territory. BTC Pushes Toward Price Discovery Bitcoin continues to press against its all-time high resistance zone near $112,000, showing strength as it consolidates above the $109,000 level. The chart shows BTC making higher lows since mid-June, signaling that buyers remain firmly in control. The 3-day candle structure reflects a sustained uptrend following a clean bounce from the $103,600 support — a critical area that has now been tested multiple times since April. The 50-day simple moving average (SMA) at $95,449 has consistently provided dynamic support throughout this phase, while the 100-day and 200-day SMAs are trending steadily upward, reinforcing the broader bullish momentum. Volume remains healthy, although not yet explosive, indicating that a breakout above $112,000 may require stronger conviction or a catalyst. If Bitcoin manages to close decisively above the $109,300–$112,000 resistance band, it would open the door for a new leg into price discovery. On the downside, failure to hold above $109,000 could see a retest of the $103,600 zone. Overall, the structure remains bullish, with consolidation near highs suggesting accumulation rather than distribution. As long as BTC maintains this ascending pattern, the odds favor an eventual breakout, possibly sooner than expected. Featured image from Dall-E, chart from TradingView

A recently revised Elliott Wave count analysis by market expert Gert van Lagen has pinpointed a potential price peak for Bitcoin (BTC) above $300,000. The updated price outlook signals that the current market cycle is far from over, with higher targets now in play and this new sell zone outlined for investors considering taking profits and aiming to exit the market at the top.  Updated Forecast Puts Bitcoin Price At $395,000 On July 1, Lagen posted an updated Elliott Wave count analysis on X social media, revealing a step-like parabolic formation that suggests that Bitcoin could be entering the final leg of its bullish cycle. The analyst chart predicts that Wave 5 is now potentially targeting a bold market top near $395,000, which also aligns with a sell zone. The chart outlines a textbook parabolic curve, marked by four distinct consolidation phases labeled Base 1 through 4, reflecting a classic structure of a step-like upward move. Lagen’s revised forecast suggests the possibility of a gradual but explosive price movement where the final stage delivers the sharpest rally.  According to the updated weekly wave count, Bitcoin completed its Wave 3 above $106,000 and recently concluded Wave 4 below $79,000. The chart shows that Wave 5 has now begun and is unfolding with subwaves i and ii already formed. The next major move is expected to come in subwave iii of Wave 5, which Lagen states would confirm itself through a decisive break above Bitcoin’s current all-time high.  This breakout is expected to trigger a strong continuation upward, with the analyst drawing a projected sell line between the $350,000 and $400,000 zone. The chart’s parabolic curve also rises deeply into August 2025, meaning the final peak of Bitcoin’s Wave 5 is anticipated in the next few weeks.  In his earlier wave count analysis, Lagen projected that Bitcoin could climb above $345,000 within the same timeframe. However, the newly updated analysis points to a much higher cycle top target, with the analyst’s step-like structure strongly supporting the possibility of BTC tripling its current value of $109,208—positioning $395,000 as a strategic level for profit taking.  Community Casts Doubts Over Ambitious BTC Target Despite Lagen’s well-structured technical case for a parabolic rise in Bitcoin, many in the crypto community remain skeptical about the likelihood of the leading cryptocurrency reaching $395,000 in such a short timeframe. Some members argue that the chart overlooks critical downside risks, including the possibility of a retracement toward the mid-$90,000 range due to unfilled gaps and market structure inefficiencies.  Others point to macroeconomic and geopolitical pressures as limiting factors, believing the broader cycle may be running out of steam — making a move above $350,000 within the next two months unlikely. For critics, the idea that Bitcoin will climb to nearly $400,000 by August 2025 appears overly optimistic and disconnected from prevailing market dynamics.