$BTC

🚀 Bitcoin (BTC) Market Update - July 8, 2025

Bitcoin is holding steady around $58,700, showing resilience despite global economic uncertainties and recent fluctuations. Traders are cautiously optimistic, eyeing potential breakouts above $60k, which could open doors to further gains.

🟢 Key Highlights:

✅ BTC dominance remains strong at ~53%, signaling capital rotation back into Bitcoin.

✅ Whale wallets have been accumulating steadily over the past week.

✅ Short-term support seen at $56,500; a break below may test $54,000.

✅ On-chain data shows rising HODL activity — long-term holders are unfazed.

⚠️ What to watch:

📉 U.S. interest rate updates & inflation data later this month may impact BTC volatility.

🔍 Keep an eye on the daily RSI, currently near neutral — a move into overbought could signal caution.