Bitcoin is trading at 107,848.95 $ after reaching the ATH of May at $111,980, with a June that closed at a record $107,167. Technical indicators remain favorable with an RSI of 55 and a bullish MACD crossover. An important support level is at $105,000, while resistance levels are set at 109,500 $ and $112,000.
Analysis of the bullish trend in July shows that BTC averages a gain of 7.56% in July, with positive returns in eight of the last twelve years.
Key Factors and Opportunities:
• Expert forecasts range from 116,000 $ in July to 200,000 $ in six months
• The mining sector's capitalization surged by 23% to reach 28 billion $ in June
• Political developments indicate an improvement in the regulatory climate
• Record monthly closing statistics suggest a continuation of momentum
• High buying volume (1,069.33 BTC on July 1) with a long/short ratio of 39.58
Trading Strategy
Buy on dips below 105,000 $ while monitoring critical support at $108,000. Position for potential resistance tests at 109,500 $ and $112,000. Consider profit-taking strategies if the price approaches 116,000 $ in July. Historical patterns suggest maintaining stop-loss orders below the 50-day exponential moving average ($104,000) to manage downside risk while taking advantage of Bitcoin's seasonal strength.