Bitcoin Technical Analysis on July 4, 2025: Market Outlook

Technical analysis of Bitcoin on July 4, 2025, covering resistance, support, and indicators.

The technical analysis of Bitcoin on July 4, 2025, reveals a market characterized by high volatility and short-term uncertainty. Bitcoin is currently trading around $109,153, with a modest 0.08% increase over the past 24 hours. This subdued price movement, combined with technical indicators, suggests a consolidation phase or potential price correction. Based on chart data, Bitcoin remains within a long-term ascending channel, but short-term timeframes (4-hour and daily) show signs of weakening momentum. The RSI on the 4-hour timeframe stands at 43, indicating a lack of buying pressure. Similarly, the Williams %R at -66 is nearing oversold territory, reinforcing the possibility of a price pullback. Key resistance zones are currently located between $108,700 and $110,500, levels that have repeatedly capped upward price movements. A breakout above this zone could signal a bullish move toward $111,980. Conversely, critical support zones lie between $106,120 and $104,500, with an additional strong support level at $100,500, which has previously prevented further declines. Price action analysis indicates Bitcoin is forming a contracting triangle pattern on the 4-hour timeframe, which could lead to a significant breakout or breakdown. A break above the $110,500 resistance could trigger a new bullish wave, while a drop below $104,500 may push prices toward $100,500. Trading volume over the past 24 hours is $57.01 billion, reflecting high market activity, though a decrease from peak periods suggests waning bullish momentum. From a market sentiment perspective, the recent increase in short positions indicates bearish expectations among some traders, but this could potentially lead to a short squeeze if buying pressure intensifies. The short-term outlook for Bitcoin is neutral with a bearish tilt, pending a breakout above key resistance. Traders should closely monitor key levels and indicator signals for directional cues.