Bitcoin Price Analysis for July 3, 2025Current Price and Market Context:As of July 1, 2025, Bitcoin (BTC) is trading around $106,434.02 to $109,490.07, with a recent 3% increase over the past 24 hours.Bitcoin hit an all-time high of $111,891.30 on May 22, 2025, and has since consolidated, with a recent low of $98,200 after a 12.25% correction.The market sentiment is cautiously optimistic, with the Fear & Greed Index at 64 (Greed), indicating bullish momentum but potential for volatility.Technical Analysis:Chart Pattern: Bitcoin is currently trading within a descending triangle pattern, with support around $103,491–$106,202 and resistance at $108,000–$109,500. A breakout above $109,800–$112,000 could signal a move toward $113,500 or higher, potentially reaching $120,000 by late July. Conversely, a breakdown below $100,000 might test support at $94,000–$96,000.