Bitcoin (BTC) started July on a positive note, signaling renewed investor confidence during the summer months. As of July 3, 2025, BTC is trading around $109,500. The intraday high stands at $109,610, while the low is $107,272. This price range indicates that the market is steadily holding above key support zones.
From a technical standpoint, BTC price is experiencing a squeeze within the Bollinger Bands. Such a pattern often signals an impending significant price movement. Daily closes above $109,200 suggest a potential breakout to the upside. Resistance levels are seen at $114,000 and $120,000, while potential pullbacks may find strong support at $103,000 and $100,000.
On the fundamental side, interest in U.S.-based spot Bitcoin ETFs continues. Major institutions like Fidelity and BlackRock have seen substantial inflows into their ETF products, indicating strong institutional confidence in BTC. Additionally, MicroStrategy has now surpassed 597,000 BTC in holdings, further strengthening its position as the largest corporate Bitcoin holder.
On the macroeconomic front, the U.S. Dollar Index (DXY) continues to show weakness, creating a favorable outlook for Bitcoin. Moreover, the increased probability of the Federal Reserve cutting interest rates adds further support to the crypto market.
Overall, while Bitcoin’s short-term outlook appears bullish, investors should remain cautious of potential corrections, especially if the price dips below the $100,000 support zone. #BTC110KToday? $BTC #Write2Earn #Binance
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Family, this wave is simply amazing! The pancake #BTC has taken off like a rocket! Just now the price soared all the way, almost reaching 110,000, currently it has already broken through 109,000. The market has been quite dull for the past two nights, I was too lazy to go live. But on the evening of the 30th, I told everyone to enter the market in batches, and that order is now incredibly strong, it has successfully completed TP3, directly earning 4600 points, isn't that super awesome? Brothers and sisters, we are fully ready to 'eat' this wave of dividends, $BTC , just go for it!!
Trump hinted at cutting government support for Musk's companies, including "Tesla" and "SpaceX". Musk's companies have earned billions of dollars in government support exceeding $38 billion, making them heavily reliant on this funding. Trump stated that Musk has overly benefited from government subsidies and threatened to cancel government contracts, which could lead to significant losses for his companies. If tax exemptions for electric cars are canceled, "Tesla" could lose about $1.2 billion annually, #WalletConnect $WCT @WalletConnect