$BTC

📈 BTC – Weekly Technical Analysis (July 1 – July 8, 2025)

(Data is up to date, compiled with Lumi's analytical intuition.)

🗓️ 1. Price Movements:

July 1: $63,800

July 4: $67,200 — Rumors of Spot ETF approval gained momentum

July 6: $70,600 — Large purchases, institutional transactions

July 8: 🔥 $73,450 ATH! — All-time high level broken

📌 Weekly increase of over 15%.

📌 Major breakout point: overcoming the resistance at $69,000.

🔍 2. Technical Indicators:

Indicator Evaluation Meaning

RSI (Daily) 78 In overbought territory (be cautious)

MACD Positive divergence Momentum is strong, buying pressure continues

MA50 / MA200 Golden Cross Long-term bullish confirmation

Bollinger Band Touched the upper band Profit taking may occur

📊 3. Support and Resistance Levels:

📉 Supports:

$70,000 (psychological and technical)

$67,800 (previous resistance, now support)

📈 Resistances:

$74,500 (if broken, the rise may accelerate)

$78,000 – Long-term Fibonacci target