Bitcoin Update — July 7, 2025

■ Current Situation:

The price closed weekly at 109,719, confirming a breakout of the main resistance range between 108,000 — 106,000.

Currently, the price is moving above this range, which enhances the chances of continued upward movement provided it remains above this area.

■ Initial Targets:

✔️

First Target: Re-test the technical resistance at the previous peak in the range of 111,963 — 112,000

✔️

Intermediate Target: 120,000 (+9.3%)

✔️

Long-term Target: 157,000 (+43%)

■ Current Support:

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First Support: 108,000 — 106,000

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Second Support: 103,531 — 101,324

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Long-term Support: 96,498 — 94,231

■ Conclusion:

✅

The price managed to break through the technical resistance range of 108,000 — 106,000 with a positive weekly close at 109,719, which enhances the chances of upward movement towards levels of 111,963 then 120,000 reaching up to 157,000.

Failure to maintain above the level of 106,000 will re-test support levels between 103,531 — 101,324.