Bitcoin bulls aren’t backing down—regardless of one other rejection on the $110Okay mark, momentum remains to be constructing.
As of July 5, 2025, Bitcoin is buying and selling under $108,000 help however holding regular after its newest breakout try. Whereas $110,000 stays a tricky resistance stage, strong fundamentals and rising market confidence recommend the uptrend should have room to run.
Bitcoin Technical Evaluation: Bulls Keep Structural Power
The Bitcoin price today continues a sluggish bearish transfer after making an attempt to interrupt by means of $110,600, a stage tied to Fibonacci resistance. This was Bitcoin’s third rejection at that value level, sparking issues of a possible short-term correction. Nonetheless, technical indicators stay combined fairly than decisively bearish.
Bitcoin has hit the highest of its long-term Bull Flag sample however confronted early rejection, with a breakout above this stage doubtlessly focusing on $119,500 within the brief time period. Supply: TradingShot on TradingView
The breakout from a multi-week symmetrical triangle was clear, signaling energy in pattern construction. On the day by day chart, the 50-day and 100-day shifting averages are appearing as dynamic help close to $107,500 and $106,000, respectively. RSI stays above 50, and though it’s exhibiting some bearish divergence, the general momentum hasn’ utterly pale.
“Maintain = I TP my brief and goal for a sweep of ATH this month,” stated pseudonymous dealer KillaXBT, pointing to the potential for new all-time highs if the $107,500-$108,000 help zone holds. In keeping with CoinGlass knowledge, a liquidity cluster of $121 million simply above $110,000 suggests a brief squeeze might propel BTC towards $114,000 if bulls reclaim management.
Bitcoin Halving 2025 and Trump Invoice Gasoline Bullish Catalysts
Except for technicals, macroeconomic developments are additionally influencing Bitcoin’s direction. President Trump’s “Large Lovely Invoice,” a large spending initiative anticipated to balloon U.S. debt to $40 trillion by year-end, has drawn comparisons to the 2020 COVID-era stimulus that triggered a 38% Bitcoin rally.
Congress has handed Trump’s ‘One Large Lovely Invoice,’ with tax cuts, spending hikes, and a multi-trillion greenback debt ceiling improve, now awaiting his signature. Supply: Pop Base by way of X
Traditionally, Bitcoin has proven a powerful correlation with durations of aggressive authorities spending, typically rallying as buyers search inflation-resistant belongings. “By no means in historical past has the U.S. borrowed even remotely close to these ranges. This can be a disaster,” noted The Kobeissi Letter, reinforcing the rising narrative of Bitcoin as a hedge towards unchecked fiscal enlargement.
Knowledgeable Insights: Market Confidence and ETF Momentum
Crypto analyst Kapoor Kshitiz noted that current upward momentum has been supported by rising open curiosity, which hit $38 billion this week. This alerts heightened market exercise, although it additionally suggests numerous lengthy positions already in play.
Bitcoin retested $110Okay as open curiosity surged 15% to $38B between July 1–3, elevating the stakes for both a breakout to new highs or one other rejection. Supply: Kapoor Kshitiz by way of X
Pineda added, “If these situations persist, shopping for strain might grow to be much more important within the brief time period.” Nonetheless, the formation of a sideways buying and selling channel with resistance at $111,000 and help at $100,000 signifies the potential of additional consolidation.
In the meantime, the Bitcoin ETF information entrance stays a key focus. Analysts are watching intently for regulatory readability on further ETF merchandise, which might additional ignite institutional flows into BTC.
BTC’s Subsequent Transfer: Breakout or Consolidation?
Because it stands, Bitcoin value prediction fashions stay divided. Bears level to historic rejections close to all-time highs, warning that failure to interrupt $110Okay might result in a drop towards $105Okay and even $100Okay. Nonetheless, the current price construction, world liquidity tendencies, and macro tailwinds point out bullish momentum forward.
The Crypto Concern & Greed Index now sits at 50, reflecting a neutral-to-bullish sentiment shift after dipping into “Concern” territory final month. If BTC climbs additional, it could reinforce shopping for curiosity, particularly from retail merchants.
Bitcoin was buying and selling at round $107,943, down 1.55% within the final 24 hours at press time. Supply: Bitcoin Liquid Index (BLX) by way of Brave New Coin
Whereas short-term consolidation stays a threat, the broader outlook stays constructive. From a technical level, a sustained break above the $110,000-$112,000 provide zone might open the door to $120Okay and past, with longer-term targets as excessive as $150Okay if historic patterns and financial catalysts repeat.
As of now, Bitcoin bulls are regrouping. Whether or not the next move is a breakout or one other cooldown, the Bitcoin long-term outlook continues to draw each merchants and establishments betting on new highs within the second half of 2025.
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