🟠 BTC Weekly Analysis (July 1 – July 6, 2025)
Price Range:
Bitcoin fluctuated between $58,800 and $62,400 during the week, showing consolidation after a strong move in late June.
Trend Overview:
⚖️ BTC is currently range-bound, consolidating after a big move from the $56K zone.
🔼 Bulls are trying to defend the $60K psychological support, while bears are active near $62K.
📉 Momentum is neutral, with RSI around 50 on the daily chart.
Key Levels:
Support: $59,000 – $58,000
Resistance: $62,500 – $64,000
Breakout Point: A close above $62,500 may trigger a move toward $65K+.
Volume & Sentiment:
📊 Volume was moderate, with no significant spike – a sign of uncertainty.
🧠 Sentiment among retail traders is neutral to slightly bullish, awaiting confirmation from macroeconomic news.
On-Chain Highlights:
🏦 Exchange reserves are slowly declining – a bullish signal (less BTC available for selling).
🐋 Whales accumulated slightly during dips under $60K.