$BTC
Bitcoin (BTC) price prediction for today (July 8, 2025) based on the latest technical and market analysis:
Key Takeaways for Bitcoin Today
Current Price & Range:
BTC is trading around $108,071–$109,100, struggling to break the $108,500–$110,000 resistance zone213.
Critical levels:
Support: $107,000 (short-term), $106,890 (Bollinger Band midline)13.
Resistance: $110,046 (upper Bollinger Band), $110,500 (symmetrical triangle breakout)213.
Technical Indicators:
RSI: Neutral at 47.97–56.5, showing fading bullish momentum213.
Bollinger Bands: Squeezing between $106,890 and $110,046, signaling potential volatility13.
MACD: Flattening on 30-min charts, hinting at consolidation2.
Market Sentiment:
Mixed: Institutional buying (e.g., Metaplanet added 2,205 BTC) contrasts with exchange inflows (217 BTC), suggesting short-term sell pressure13.
Derivatives show mild bullish bias (funding rate: +0.0062%)2.
Short-Term Outlook:
Bullish Scenario: Break above $110,500 could target $113,500–$115,0002.
Bearish Scenario: Drop below $107,000 may retest $105,300–$102,500213.
Today’s Likely Movement:
Expect range-bound trading ($107,000–$110,000) unless volume spikes trigger a breakout
