Bitcoin Technical Analysis: Market Trends in July 2025

Technical analysis of Bitcoin on July 1, 2025, covering key resistance, support, and indicators.

Technical analysis of Bitcoin as of July 1, 2025, reveals a complex market situation. Bitcoin is currently trading at approximately $107,702, up 0.12% in the past 24 hours. However, short-term momentum shows signs of weakness, potentially leading to a price correction. This analysis explores resistance and support zones, technical indicators, and price patterns to provide a clear market outlook. **Resistance and Support Zones** Bitcoin is hovering near a key resistance zone at $108,100, a level that has historically acted as a price ceiling. A breakout above this could pave the way for further gains toward $108,900 and $110,400. Conversely, the primary support zone lies at $106,500, which has repeatedly held as a strong support level. A break below this could see prices drop to $103,000 or even $98,000. These levels are critical for both short-term traders and long-term investors. **Indicator Analysis** The RSI on a 4-hour timeframe stands at 43, indicating weakening bullish momentum. While not yet in oversold territory, the decline suggests reduced buying pressure. The MACD indicator has recently shown a bearish crossover, hinting at continued selling pressure in the short term. However, on the daily timeframe, MACD remains in bullish territory, supporting a stronger long-term outlook. **Price Patterns** Bitcoin recently broke a descending triangle pattern on the 4-hour chart, but signs of a false breakout (fake-out) have emerged, indicating market uncertainty. Traders should exercise caution. A sustained move above $108,100 could signal the formation of a Cup & Handle pattern, potentially targeting $169,000 in the long term. In the short term, however, a pullback to $104,500 seems more likely. **Market Outlook** Based on current data, Bitcoin faces short-term selling pressure, but fundamental factors, such as $2.2 billion in inflows last week and growing institutional adoption, keep the long-term outlook bullish. Traders should monitor the mentioned resistance and support levels and use indicators for trend confirmation. A prudent strategy may involve waiting for price stabilization at support levels before entering long positions. **Conclusion** As of July 1, 2025, Bitcoin is at a critical juncture. While short-term bearish signals are evident, technical and fundamental factors point to long-term bullish potential. Traders should manage risk carefully and watch key levels for the next price movements.