$BTC

Bitcoin (BTC/USDT): Navigating Resistance, Eyes Further Gains

As of Thursday, July 10, 2025, 11:13 PM +06 (Dhaka time), Bitcoin's performance against Tether (USDT) continues to be a focal point in the crypto market. After a significant surge that pushed it past key resistance levels, BTC is currently trading around $110,891 USDT. The 24-hour range has seen Bitcoin fluctuate between a low of approximately $108,546 USDT and a high of around $111,999 USDT.

The current market sentiment for BTC/USDT appears cautiously optimistic. While Bitcoin has shown remarkable strength in holding above the $110,000 psychological level, it is encountering some selling pressure around the $110,500 to $112,000 range. This area has historically acted as resistance.

However, several indicators suggest that the bulls retain a slight edge. Technical analysis often points to "strong buy" signals on daily and weekly charts, with positive momentum indicated by moving averages. Institutional interest and robust ETF inflows continue to provide a strong underlying demand for Bitcoin, supporting its price.

The immediate forecast suggests a consolidation phase around the current levels. A sustained break above $112,000 could pave the way for further upward movement, potentially targeting $115,000 or even higher in the near term. Conversely, a dip below $108,000 might signal a temporary pullback, with key support levels around $107,500 and $104,500. Traders will be closely watching for a decisive move as the market digests recent gains and anticipates future catalysts.