🟠 BTC Price Update – July 8, 2025
Bitcoin is currently trading around $108,000, moving between $107,500 and $109,200. It’s been pretty stable the last day or two, not much action yet. Looks like the market is waiting for a big move – maybe we’re in the calm before the storm.
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🧭 What the Chart Says
Right now, $BTC is stuck in a tight range. There’s a triangle forming on the charts, with strong resistance around $110,000 and support near $107,000.
If BTC breaks above $110K, it could run up to $112K–$115K.
But if it drops below $107K, we might see it head toward $102K.
So yeah, this zone is pretty critical. I’m watching closely.
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🔥 What's Moving the Market
A few things are shaking things up:
1. US Economy & Fed – People are talking about possible rate cuts, and that usually helps BTC. Also, there’s tension with BRICS and some talk about new tariffs, so crypto is back in the spotlight as a hedge.
2. Big Money Inflows – Bitcoin ETFs have seen $14B+ in inflows so far this year. MicroStrategy took a break from buying, but companies like Metaplanet are still stacking.
3. Old Wallets Waking Up – A wallet from 2011 moved BTC worth $2B. Could be whales cashing out or just moving funds—either way, the market noticed.
4. Crypto-Friendly US Talk – There’s been chatter about adding BTC to national reserves and more crypto-friendly laws coming. Could be bullish if that momentum keeps up.
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📊 What People Are Predicting
Some analysts think $BTC could push to $115K–$136K this month, maybe even $200K+ by the end of the year. There’s even a chart pattern (cup and handle) that points to a possible breakout to $230K — but that’s only if everything lines up perfectly.
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👀 What I’m Watching
Can $BTC finally break through $110K?
Will ETF demand keep growing?
How will macro stuff like rate cuts and global politics affect crypto?
That’s the quick update for today. Let me know what you think, or if you’re seeing something different on your charts.
