Technical Analysis of Bitcoin: Market Trends in July 2, 2025

Technical analysis of Bitcoin on July 2, 2025, focusing on support/resistance and indicators.

As of July 2, 2025, Bitcoin is trading around $105,857, experiencing a 0.73% decline over the past 24 hours. This technical analysis examines Bitcoin’s current market status using support and resistance zones and common indicators to forecast potential trends. **Current Market Status and Key Zones** Bitcoin is currently trading in a critical range between resistance zones at $108,200 to $108,800 and support zones at $103,000 to $104,500. The resistance zone has repeatedly capped price advances, acting as a ceiling in recent timeframes. Conversely, the $103,000 support level has served as a key buffer, preventing further declines in the past. If this support breaks, the next significant level around $100,000 could act as a strong support. **Technical Indicator Analysis** Indicators such as the Relative Strength Index (RSI) and Williams %R suggest weakening momentum. The RSI on a 4-hour timeframe stands at around 43, indicating subdued buying pressure. The Williams %R, at -66, is nearing oversold territory, hinting at a potential price correction. Additionally, the MACD has recently shown a bearish crossover, reinforcing the possibility of further price declines. **Price Patterns and Market Trends** Bitcoin has recently formed a bearish flag pattern in shorter timeframes, which could signal continued downward movement. However, in longer timeframes, Bitcoin remains within an overall ascending channel that began in early 2024. A breakout above the $108,800 resistance could trigger a strong bullish signal, but currently, seller pressure and failure to breach this level increase the likelihood of a correction toward lower supports. **Factors Influencing the Market** Beyond technical factors, fundamental elements like geopolitical tensions and shifts in global financial markets also impact Bitcoin. Recent tensions in the Middle East have contributed to increased volatility in the crypto market. Moreover, Federal Reserve decisions on interest rates could influence investor appetite for riskier assets like Bitcoin. **Short-Term Outlook** Given the current setup, Bitcoin is likely to move toward the $103,000 to $104,500 support zone in the short term. A break below this level could lead to a decline toward $100,000. However, if Bitcoin stabilizes above $108,800, a bullish move toward $110,000 or higher could ensue. Traders should exercise caution and seek confirmation from indicators and price patterns. **Conclusion** The technical analysis of Bitcoin on July 2, 2025, indicates a corrective phase with a higher likelihood of a decline toward key support levels. Traders should closely monitor resistance and support zones and use indicators to validate trading signals. While Bitcoin retains long-term bullish potential, short-term caution is advised.