$BTC
Market Overview
Bitcoin trades at $107,848.95 after reaching May's ATH of $111,980 with June closing at a record $107,167. Technical indicators remain favorable with RSI at 55 and a bullish MACD crossover. Significant support exists at $105,000 while resistance levels are set at $109,500 and $112,000. July bullish trend analysis shows BTC historically averages 7.56% gains during July, with positive returns in eight of twelve years.
Key Drivers & Opportunities
• Expert forecasts range from $116,000 by July to $200,000 within six months
• Mining sector market cap surged 23% to $28B in June
• Political developments show improving regulatory climate
• Record monthly close statistics suggest continued momentum
• Strong buying volume (1069.33 BTC on July 1) with long/short ratio at 39.58
Trading Strategy
Accumulate during dips below $105,000 while monitoring the critical $108,000 support. Position for potential resistance tests at $109,500 and $112,000. Consider profit-taking strategies if approaching $116,000 in July. Historical patterns suggest maintaining stop-losses below the 50-day EMA ($104,000) to manage downside risk while capitalizing on Bitcoin's seasonal strength.
