Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Bitcoin Back In ‘Retesting Phase’ – The Calm Before The Storm?

July 8, 2025
How Vietnam Is Using Crypto to Fix Its FATF Reputation

How Vietnam Is Using Crypto to Fix Its FATF Reputation

July 8, 2025

Can SHIB recover? Rising rival targets 17,839% growth

July 8, 2025

Bit Digital dumps 280 Bitcoin, amasses over 100K ETH

July 8, 2025

Analysts Split on Whether Record Money Supply Will Boost Bitcoin

July 8, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Back In ‘Retesting Phase’ – The Calm Before The Storm?

    July 8, 2025

    Analysts Split on Whether Record Money Supply Will Boost Bitcoin

    July 8, 2025

    Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

    July 8, 2025

    Another Public Company Treasury Pivots to Ethereum With $172M Raise

    July 8, 2025

    XRP Price Pops and Drops — Can Bulls Regain Control?

    July 8, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Bitcoin » Will $BTC Hold Above $107K or Break Down?
Bitcoin

Will $BTC Hold Above $107K or Break Down?

Crypto Observer StaffBy Crypto Observer StaffJuly 7, 2025No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin Price Dollar: What Just Happened?

Bitcoin ($BTC) is trading around $107,917, just below the critical $109,000 resistance level. After a solid rally that started near $96,000, the Bitcoin price Dollar climbed steadily following an ascending trendline. However, recent candles show hesitation near the $109K barrier.

BTC/USD 4-hours chart – TradingView

While many retail traders panicked due to a large 80,000 BTC wallet transfer, smart money spotted an opportunity. A whale bought 567 BTC worth $61.1 million yesterday, reinforcing confidence in Bitcoin’s mid-term outlook. This is a classic dip-buying move from experienced players—while fear dominates the headlines

Bitcoin Price Analysis: Trade Setup and Key Levels

The 4-hour chart shows Bitcoin consolidating along a rising support line (orange), maintaining higher lows. Despite a rejection at $109,000, BTC is holding the line—literally.

Key levels to watch:

  • Support: $107,000 (trendline), $103,343, and psychological $100,000
  • Resistance: $109,000 and any breakout above could open the path to $112,000+

The RSI is neutral at 47.14, below the 50 midline and showing mild bearish divergence, which suggests short-term caution. If the ascending trendline holds, a breakout above $109K becomes increasingly likely. If it fails, $103K or even $100K could be retested quickly.

Bitcoin Price Prediction: What’s Next for BTC?

In the short term, Bitcoin price Dollar is caught between consolidation and breakout. If buyers defend the trendline and RSI begins to rise back above 50, we could see a retest and breakout above $109,000. That would shift momentum bullish again, targeting $112,000–$115,000 by mid-July.

However, if the ascending support breaks with strong volume, the $103,343 level becomes a magnet, and the market could slide further to the $100,000 psychological zone—a classic support flip area.

For now, the market is watching two things:

  1. Whether whales continue buying dips, like the recent 567 BTC buy.
  2. If retail panic selling increases after the 80K BTC wallet scare.

As of now, smart money is still in accumulation mode—don’t ignore that signal.

How to Buy Bitcoin? Use OKX – Europe’s Top Exchange

Looking to buy Bitcoin while it’s consolidating?
OKX is a top platform to trade $BTC in Europe with low fees, deep liquidity, and a user-friendly interface.

Limited-Time Offer:
Join OKX before September 14, 2025, and claim your free McLaren F1 Team cap and a chance to win a VIP experience in Zandvoort (Aug 29–31).
👉 Click here to join now

Read the full article here

Bitcoin News
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

A link that falls apart on close inspection

July 8, 2025

Crypto Traders Shrug Off Dormant Bitcoin Whale Moves, With Profit-Taking on XRP, DOGE, SOL

July 8, 2025

Broken Bound Integrates with VERSE Boost DeFi Memeconomy

July 8, 2025

Bitcoin Hits Record Weekly Close, Next Stop $112K?

July 8, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Bitcoin Back In ‘Retesting Phase’ – The Calm Before The Storm?

July 8, 2025
How Vietnam Is Using Crypto to Fix Its FATF Reputation

How Vietnam Is Using Crypto to Fix Its FATF Reputation

July 8, 2025

Can SHIB recover? Rising rival targets 17,839% growth

July 8, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Analysts Split on Whether Record Money Supply Will Boost Bitcoin

July 8, 2025

Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels

July 8, 2025

Another Public Company Treasury Pivots to Ethereum With $172M Raise

July 8, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.