$BTC

📊 Bitcoin (BTC/USDT) Weekly Analysis — as of July 6, 2025

Weekly Summary

Current Price: $108,831.44

Price Action

BTC has continued to consolidate in the $107,000–$110,000 range.

After a strong uptrend that began in late April and peaked in early June, the price has been moving sideways.

This consolidation suggests indecision among buyers and sellers, potentially setting up for a breakout.

Key Technical Levels

Resistance: Around $112,000 (recent high)

Support: Around $104,000–$105,000

This Support is Good For Buying,

Major Support Zone: Near $96,000 (last base before breakout)

Trend Analysis

The overall medium-term trend remains bullish, with higher highs and higher lows visible since mid-April.

Short-term momentum is neutral, with some pressure at the $109,000 resistance area.

Outlook

⚠️ A break above $110,000 could lead to a retest of June highs (~$114K+).

❗ A drop below $104,000 might suggest deeper correction toward the $100K–$96K range.

Volume has slightly declined, indicating a possible breakout setup as volatility contracts.