$BTC

Here’s the current technical landscape for **\$BTC** (as of July 8, 2025))

📊 Technical Summary

**Price Structure & Short-Term Setup**

* Bitcoin has **broken out** from a \$104K–\$107K consolidation, forming clear **higher lows and highs**, signaling a potential continuation of the uptrend ([cryptometricanalytics.com][1]).

* However, **volume remains flat**, suggesting a breakout isn’t fully confirmed unless accompanied by a surge ([cryptometricanalytics.com][1]).

* The current barrier to watch is **\~\$109K–\$109.5K**—a clear push above could ignite another leg upward .

**Indicators**

* **RSI (\~55)** is bullish but not yet overbought, indicating room to run ([cryptometricanalytics.com][1]).

* **EMAs alignment** (9, 21, 50) is bullish, with price holding above all on the daily chart ([cryptometricanalytics.com][1]).

* **MACD** is positive, though lacking strong momentum—tunes in for real breakout volume .

**Patterns & Outlook**

* Seen in daily and weekly charts is an **ascending channel with an embedded bullish triangle**, suggesting a tightening structure that often precedes strong moves ([medium.com][3]).

🔍 Macro & Catalysts

* Major upside drivers include **ETF inflows** (e.g., IBIT), upcoming **Fed rate cuts**, and **favorable policy outlook**, particularly in the U.S. ([cryptometricanalytics.com][1], [businessinsider.com][6]).

* The **halving in April 2025** still plays into longer-term bullish structure ([reddit.com][7]).

🧭 Verdict

Technically, Bitcoin is structurally bullish—trend is intact, indicators positive, and the chart is setting up for a breakout. But the **critical test** is a **strong close above \$109K** on increased volume. If that triggers, we could see a swift move toward **\$114K–\$115K** and even beyond.

If not, a retest toward **\$106K–\$107K** is likely, offering lower-risk entries.