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BITCOIN

Bitcoin Market Update – July 7, 2025

Bitcoin (BTC) opened today around $109,439, reflecting a modest intraday gain of approximately $1,329 (+1.23%). The cryptocurrency has traded within a $107,846–$109,492 range, underscoring the current consolidation near its recent highs.

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🔍 Key Technical Insights

Overcoming Resistance
Bitcoin continues to hover within the $108,000–$110,000 band, a supply zone that traders have eyed for breakout potential. Technical indicators—such as bullish 20/50/100 EMAs, a healthier MACD, and expanding Bollinger Bands—suggest the momentum remains skewed toward an upside breakout coinedition.com+1coincodex.com+1.
Wedge Consolidation Pattern
Some analysts highlight a descending wedge formation between $100K and $108K, considered a bullish pattern if BTC clears the upper trendline. Historically, July tends to favor bulls, delivering a median monthly gain of +8.09% beincrypto.com.
On‑Chain Support Zones
A clear buying interest around $100K–$104K—seen on-chain and in the IOMAP—has provided strong demand floors. Long-term holders have realized profits but demand remains intact, reinforcing the position of this support band en.wikipedia.orgbeincrypto.com.

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📊 What Traders & Investors Should Monitor

Trigger	Description
Close above $110,000	A firm daily close above this level with high volume could propel BTC toward the $114K–$115K zone en.wikipedia.org+15tradingview.com+15coinedition.com+15.
Breakdown below $105,000	A decisive drop beneath this level risks dragging BTC back into the $100K–$104K range .
Macro & Regulatory News	U.S. regulatory clarity for ETFs or strategic reserve updates, combined with inflation or rate data, may significantly amplify price movement .

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🌐 Broader Market & Sentiment

Institutional Momentum
Bitcoin’s growing credibility is reflected in rising ETF inflows—BlackRock’s Bitcoin ETF now controls over $72 billion AUM—and potential U.S. government adoption via a “Strategic Bitcoin Reserve” initiative coinpedia.org.
Volatility Watch
Despite bullish signals, Bitcoin remains volatile. Analysts warn of substantial pullbacks to the $100K range if broader markets falter or momentum slows tradingview.com+1coinedition.com+1.
Long-term Outlook
Popular AI and machine-learning forecasts predict average BTC prices between $108K–$116K this summer, with possibilities of surging toward $120K–$150K later in the year—contingent on macro stability investopedia.com+7coinfomania.com+7beincrypto.com+7tradingview.com+3cryptonews.com+3midforex.com+3.

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🧭 Final Take

Bitcoin remains in a consolidative, yet bullish, phase. Key levels—resistance at $110K and support around $105K–$104K—will determine its next major trend. A breakout could quickly inject BTC into a fresh rally, while a dip into the lower band may offer attractive re-entry opportunities.

For investors and traders, the approach is clear:

Bullish breakout above $110K? Look for entry targeting $115K or higher.

Cautious consolidation? Accumulate carefully near $105K support.

Macro shocks? Prepare for potential volatility, with risk controls in place.