$BTC

#BitcoinAnalysis – July 7, 2025

Bitcoin is trading around $58,300 today, showing signs of consolidation after recent volatility. The price faced resistance near $59,000 and is now finding support around $57,500. Technical indicators suggest a neutral momentum, with the RSI hovering near 50. Traders are watching for a breakout above $59,500 to confirm bullish continuation. On the downside, a drop below $56,800 could signal further weakness. Market sentiment remains cautious amid global economic uncertainty and regulatory discussions. Short-term traders are advised to stay alert for volume spikes, while long-term holders continue to HODL, anticipating future gains with the upcoming halving cycle.