Bitcoin (BTC/USD) Market Sets Bullish Tone With Breakout And Demand Support
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Bitcoin Price Prediction – July 3
BTCUSD market sets a bullish tone with breakout and demand support. The BTC/USD pair has exhibited a notable bullish resurgence, underpinned by a breakout from a descending wedge and a surge above the 9-day simple moving average (currently around $107,130). Price action has reclaimed the $107,800 resistance level, indicating revived buying momentum. The MACD indicator confirms bullish divergence, as the MACD line has crossed above the signal line, with rising histogram bars, suggesting a strong upward momentum building from prior consolidation zones.
BTC/USD Market Key Levels:
Resistance Levels: $108,390, $115,000, $125,000
Support Levels: $104,000, $95,980, $85,010
BTC/USD – Daily Chart
The BTCUSD daily chart shows that the order flow of the market is still bullish, though a short term retracement is ongoing.
Technically, the price may rebound from an order block (OB) zone near $101,000–$104,000, a region that previously served as a high-demand area. A breakout above the recent minor consolidation range signals a continuation of the higher-highs and higher-lows structure, reinforcing market optimism. Immediate resistance remains near $108,390, which price is currently testing.
What is the likely projection of BTCUSD?
Looking ahead, should BTCUSD hold above the $107,800 region, the market is poised to drive toward the $115,000 mark in the near term. A successful close above this psychological threshold could trigger further buying toward the $125,000 macro-resistance.
Conversely, a dip back into the $104,000–$101,000 demand zone would still retain the bullish structure as long as the $95,980 support remains unbroken. Overall, BTCUSD maintains a structurally bullish outlook backed by demand imbalances and technical momentum.
BTC/USD – Four-Hour Chart
BTCUSD is approaching the $108,390 resistance zone, where price previously faced strong rejection. The MACD histogram is weakening despite price rising, indicating a potential bearish divergence.
A short-term retracement toward the FVG and order block zone around $102,940 is likely. If the price fails to hold above the 9-SMA ($106,630), bearish momentum may accelerate.
Bitcoin (BTC) Current Statistics
The current price: $107,820
Market Capitalization: $2,170,000,000,000
Trading Volume: $56,240,000,000
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