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.

Bitcoin dipped below the $109K mark on Friday, triggering a minor retreat in the wider digital assets market. Traders watched closely as two large BTC wallets—dormant for years—moved a combined 20,000 BTC, roughly $2.18 billion, in a single session. The flagship crypto is still up 85% over the past 12 months, but this sudden shift in supply briefly shook confidence. Dormant Whales Move Billion‑Dollar Stakes Based on reports from on‑chain tracker Lookonchain, one wallet that snapped up 10,000 BTC for $7,805 back in April 2011 moved its entire holding within hours. That original haul, bought when Bitcoin traded at $0.78, is now worth over $1  billion. Moments later, a second address transferred another 10,000  BTC, taking the total to 20,000  BTC shifted in one morning. That equates to a jaw‑dropping 140,000× return on the tiny initial outlay. Analysts caution it may not be a single individual behind both wallets, but the timing grabbed attention. Another wallet of this Bitcoin OG also transferred out 10,000 $BTC ($1.09B) just now after being dormant for 14+ years. 14 years ago, $BTC was only $0.78 — that’s a mind-blowing 140,000x return! https://t.co/e2m8AunEMchttps://t.co/G0YXqPi4mK pic.twitter.com/E1fgGlYA4u — Lookonchain (@lookonchain) July 4, 2025 Political Push Comes As Bitcoin Hesitates Lawmakers in the US are set to take center stage from July 14–18 for a “Crypto Week.” Three major bills will go under review in the House: the Digital Asset Market Clarity Act, the Anti‑CBDC Surveillance State Act, and the Senate’s GENIUS Act. All three measures aim to set new rules for market structure, stablecoins, and prevent a retail CBDC surveillance system. House Financial Services Chair French Hill, Agriculture Chair Glenn “GT” Thompson, and Speaker Mike Johnson say they plan to deliver these bills to US President Donald Trump’s desk. The goal is to build a clear rulebook for digital assets, though some fear the debate could drive fresh volatility. Key Levels And Sentiment On Watch Bitcoin rallied past $109K overnight before pulling back to trade around $108,700, at press time. The market sits less than $3,000 away from its recent all‑time high of about $112K. Spot‑Bitcoin ETFs in the US continue to load up on BTC, and some corporate treasuries keep adding to their stacks. Yet macro factors—rising rates, bank sector worries, and global tensions—keep a bit of caution in the air. Featured image from Meta, chart from TradingView

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.

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.

TL;DR

• Analysts remain bullish on XRP, with some eyeing a move to $2.65 or even $3, while others dream of a historic surge to $30.
• Binance added NEWT and SAHARA to its VIP Loan program, removed several trading pairs (impacting FIO the most), and launched new staking options for SOL-related tokens.
• After closing Q2 at a record $107,500, BTC hovers near $109K; while some foresee a rally toward $120K, Arthur Hayes warns of a short-term drop to $90K due to US liquidity shifts – though he stays bullish long term.

XRP Forecasts Despite its daily decline of around 2.5%, the XRP price is up 6% on a weekly scale and remains the subject of bullish predictions.
XRP Price, Source: CoinGecko Just a few days ago, the X user World of Charts argued that an XRP breakout and retest has already been confirmed, anticipating a pump above $3 sometime in July. For their part, Maxi thinks the token could mirror its impressive performance from the end of 2017 and experience a 1,200% rise in a matter of days. A jump of that type would push the price to a new historic peak of around $30, which, as of the moment, seems quite unlikely. Other popular analysts who made more realistic forecasts include Ali Martinez and Crypto Beast. The former claimed XRP could be forming an inverse head and shoulders pattern, “potentially setting the stage for a 15% breakout to $2.65.” Crypto Beast expects the price to make a 3x during the ongoing bull run. What’s New Around Binance? The world’s largest crypto exchange recently added Newton Protocol (NEWT) and Sahara AI (SAHARA) as new loanable assets on its VIP Loan program. Despite the support, the tokens witnessed substantial price corrections. Additionally, Binance scrapped the following spot trading pairs: ACT/EUR, FIO/BTC, TNSR/FDUSD, and TST/FDUS. Such actions usually have a negative effect on the involved coins due to reduced liquidity, less visibility, and reputational blow. FIO took the biggest blow, plunging by 8% after the announcement.  Earlier today (July 4), Binance came up with another disclosure. It informed its users that they can stake their SOL, HODL BNSOL, sBNSOL, or bzSOL holdings and earn up to 6.5% APR, with boosted LAYER, ACE, and DYM airdrops distributed automatically. “But that’s not all, something new is launching soon,” the exchange teased.  How’s BTC Doing? Last but not least, we will delve into the leading cryptocurrency and explore some interesting price forecasts. Bitcoin (BTC) made history in May, reaching a new all-time high of almost $112,000. In the weeks that followed, it saw a slight pullback but still closed Q2 at around $107,500 – the highest quarterly finish in its history. The crypto community remains quite bullish that the asset, currently trading just south of $109,000, could be on the verge of a rally toward a fresh peak. X user CRYPTOWZRD thinks a breakout above $110,500 could push the price to $120,000.  On the other hand, Arthur Hayes (co-founder of BitMEX) predicted a short-term pullback to $90,000 due to a potential liquidity drain from the US Treasury issuing new debt following Trump’s “Big Beautiful Bill.“ However, he remains a bull for the long term, viewing the possible pullback as just a temporary event.  The post Ripple (XRP) Price Predictions, Recent Binance Changes, and More: Bits Recap July 4th appeared first on CryptoPotato.

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 gaining ground as it surges toward its all-time high of $111K, fueled by renewed buying interest and strong technical momentum. With market sentiment shifting positively, expectations are building for a potential breakout that could take BTC to the $120K range in the near future. BTC Price Analysis: Technicals By Shayan The Daily Chart Following a healthy pullback to the $106K support level, BTC attracted notable demand, leading to a renewed rally back toward its all-time high at $111K. The ongoing price action reflects solid bullish momentum, likely stemming from sustained accumulation within the $100K–$111K consolidation range. A key bullish signal has also emerged: the 100-day moving average has crossed above the 200-day moving average, forming a Golden Cross, historically associated with longer-term bullish trends. This reinforces the current upward trajectory and investor confidence. However, BTC now faces a decisive test at the $111K ATH. A successful breakout above this psychological and technical barrier could ignite a fresh impulsive leg upward, with the $120K mark as the next major target. Source: TradingView The 4-Hour Chart On the 4-hour timeframe, BTC initially faced rejection at the upper boundary of a descending wedge near $108K, triggering a brief dip to $106K. This move, however, was likely a liquidity sweep, a strategic pullback designed to trap retail sellers and enable smart money to accumulate long positions. Following this, the BTC price broke above the wedge structure and completed a bullish retest, confirming the breakout. The cryptocurrency is now gaining momentum again, eyeing the $111K liquidity pool, where a cluster of stop orders likely resides. This area is of high interest to large players seeking to trigger a buy-side liquidity cascade. If bulls can reclaim this level, a breakout is likely to follow, potentially propelling Bitcoin to new highs around $120K. Source: TradingView On-chain Analysis By Shayan This chart presents the Binance Liquidation Heatmap, which visualizes areas where significant liquidation events are likely to unfold. These zones often act as liquidity magnets, drawing price action toward them. Large market participants, commonly known as whales, strategically target these levels to enter or exit positions efficiently. At present, a notable cluster of liquidation levels sits just above Bitcoin’s all-time high of $111K, suggesting a strong probability that the price may be drawn toward this region. If reached, this could spark a short-squeeze, amplifying upward momentum and potentially pushing BTC to new highs. However, this liquidity cluster also reflects persistent selling pressure around current levels. Sellers remain active, keeping the $111K resistance firm. As such, this threshold stands as a critical decision point. A confirmed breakout above could initiate a powerful bullish continuation, while a failure to breach it may result in another rejection and possible retracement. Source: TradingView The post Bitcoin Price Analysis: Will BTC Hit $120K in the Next Few Days? appeared first on CryptoPotato.

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.