Bitcoin Analysis: Market Outlook on July 7, 2025

Analysis of Bitcoin’s trend on July 7, 2025, with technical and market insights.

On July 7, 2025, Bitcoin remains a focal point in the crypto market. Its current price hovers around $108,238, with a slight 0.01% decline in the past 24 hours. Recent technical analyses suggest a bullish trend, potentially pushing toward the $111,000 resistance level, though a short-term correction to $106,700 or $96,901 support levels is possible. Key support levels at $106,700 and $96,901 have historically acted as reversal points. The Relative Strength Index (RSI) indicates overbought conditions in short timeframes, hinting at a potential pullback. However, the overall market structure remains bullish, supported by patterns like the inverse head-and-shoulders on daily charts. Macro factors, such as institutional demand outpacing ETF purchases and a recent transfer of 10,000 BTC from dormant wallets to secure addresses without selling pressure, bolster the bullish sentiment. ETF inflows, though down 53% in the U.S. since December, still reflect strong institutional interest. Analysts suggest waiting for reversal candlestick patterns, like bullish engulfing or pin bars, for better trade entry timing. If Bitcoin breaks the $111,000 resistance with strong volume, it could target $114,000 to $122,000. Traders should monitor macro events and ETF flows for potential volatility.