$BTC As of July 8, 2025, BTC/USDT appears to be in a strong bullish trend in the medium and long term. Bitcoin is trading above key exponential moving averages (EMAs), including the 20, 50, 100, and 200-day EMAs, which are currently acting as solid support levels. This suggests sustained buying interest.

In the short term, Bitcoin is navigating within an approximate horizontal trend channel, indicating some uncertainty among investors. However, it has recently broken upwards from a rectangular formation, signaling potential further increases towards $115,727 or more. The Relative Strength Index (RSI) is strongly positive, often above 70, reflecting growing optimism, although it also suggests a potentially overbought condition that could lead to a slight pullback. Immediate resistance is around $110,000, with support at $105,000. A decisive break above the current resistance could confirm further bullish momentum.