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XRP has entered a critical moment on the three-day chart, with trading activity forming a symmetrical triangle that has been maintained since mid-January. This pattern is defined by a downward-sloping resistance level and an upward-sloping support level, currently compressing towards the apex.

Cryptocurrency analyst Steph Is Crypto (@Steph_iscrypto) reviewed this setup in a recent video, stating that this structure may soon be resolved due to significant price fluctuations.

Current market data shows that XRP is trading close to $2.27, with trading volumes in the cryptocurrency space noticeably low.

Historically, low trading volumes often precede significant volatility, and Steph emphasized that this trend is similar to the situation before XRP's breakout in November 2024, when XRP surged from around $0.5 to a multi-year high of $3.39.

Additionally, he pointed out that XRP's Bollinger Bands are at their tightest level since November, raising concerns about an imminent key volatility indicator.

Ethereum price returns to support level

The price of Ethereum, like Bitcoin, has started a new round of upward movement above the $2,550 area. The ETH price accelerated past the $2,565 resistance zone, entering positive territory.

Bulls successfully pushed the price above the 61.8% Fibonacci retracement level of the downward trend from the $2,636 swing high to the $2,475 swing low. However, bears remain active near the $2,600 resistance level, preventing further gains.

The price encountered resistance near the 76.4% Fibonacci retracement level of the downward trend from the $2,636 swing high to the $2,475 swing low. The current price of Ethereum is below $2,550 and the 100-hour simple moving average.

ETH is currently testing the support level of $2,520. On the ETH/USD hourly chart, a key bullish trend line is also forming, with support at $2,530. On the upside, the price may face resistance around $2,550.

The next key resistance level is near $2,580. The first major resistance level is around $2,600. If the price breaks clearly above the $2,600 resistance level, it may drop towards the $2,650 resistance level.

Breaking above the $2,650 resistance level could indicate further gains in the coming trading days. In this case, Ether may rise towards the $2,720 resistance level, or even $2,800, in the short term.

Why is BTC trading volume depleted?

Glassnode data shows that Bitcoin spot and futures trading volumes have plummeted to $5.02 billion and $31.2 billion respectively, hitting the lowest levels in over a year.

The largest quantities were detected at the end of 2024 and the first quarter of 2025, followed by a sharp decline starting in April.

Despite the rising BTC price, this divergence indicates that the upward momentum is slowing. This may be attributed to recent market tensions and concerns about a reversal after breaking the $100,000 mark.

However, the decrease in trading activity may be seasonal, or it could reflect insufficient market confidence or profit-taking. When trading volume decreases while prices rise, the likelihood of a correction increases.

For a bull market, the sustainability of rising prices requires stronger trading volumes to confirm the likelihood of a sustained uptrend.

The market has begun to rebound

BTSE Exchange Chief Operating Officer Jeff Mei stated that traders were previously concerned about volatility before the July 9 tariff deadline.

However, "after news that countries will have more time to negotiate before the tariffs take effect in early August, the market seems to be rebounding," he told Cointelegraph, adding, "If we see good data on Tuesday, the market is very likely to continue rebounding."

Data from CoinGecko shows that after a relatively stable weekend, the total capitalization of the cryptocurrency market increased by more than $50 billion in the past 24 hours.

The Bitcoin surge is about to come... we are about to see around 160,000... a strong bullish pattern has currently emerged!

Analysts say that Bitcoin (BTC) has broken through the $108,000 mark again this week, signaling the start of a new cycle peak expected between $123,000 and $162,000.

A series of technical indicators suggest a strong bull market is on the horizon. As historical patterns repeat, price charts begin to align, and optimism spreads among investors, indicating that a significant breakthrough is imminent.

Bitcoin is expected to 'explode' to $200,000

Since Bitcoin rebounded from the bear market low of $15,500 in November 2022, it has accumulated a rise of 590%, with the current price around $107,000. Analyst Stockmoney Lizards pointed out that the weekly trend for Bitcoin shows continuously rising highs and lows, forming a clear upward channel.

The analyst stated on Monday on the X platform: 'Bitcoin is about to break through a multi-year channel.'

Accompanying charts show that Bitcoin's price is attempting to break through the upper trend line, with Stockmoney Lizards setting a short-term target of $140,000 and a year-end target of $200,000. 'The next round of market action will be extremely fierce.'

This view aligns with the analyst's previous predictions, indicating that if Bitcoin breaks through the monthly OTT optimization trend tracking band, the target for 2025 remains $200,000, with the potential to 'extend' to $250,000 next year.

Analyst Mags also believes that if Bitcoin breaks through the upper trend line similar to what Stockmoney Lizards indicated, 'it could trigger a massive bull market.' Mags' short-term target is the 2.618 Fibonacci level, or $155,000.

The prediction for Bitcoin to hit $200,000, especially in the second half of 2025, is becoming a hot target of market attention. For example, Sina, co-founder of 21st Capital, predicts that Bitcoin could reach a range between $130,000 and $200,000 in the fourth quarter of 2025 based on the power law model.

Bitwise Investment points out that U.S. President Trump's trade policies have weakened the dollar index, which may drive BTC to $200,000. Bernstein Research states that as Bitcoin spot ETFs and BTC treasury companies increase institutional demand, Bitcoin is expected to reach $200,000 by the end of 2025.

A new wave of optimism is sweeping across the entire cryptocurrency market, as major cryptocurrencies like Bitcoin, Ethereum, and Ripple have all experienced significant growth yesterday. But what are the reasons driving the growth of the crypto market?

According to CoinMarketCap data, the cryptocurrency market is making a significant rebound from the recent market crash. As of the time of writing, the global market capitalization stands at $3.36 trillion, up nearly 3% in the past 24 hours.

Bitcoin's price earlier broke the psychological level of $110,000, reaching an intraday high of $110,550. Bitcoin pulled back to about $109,270 on July 4.

Meanwhile, Ethereum's price also saw a 6% increase yesterday, with a 24-hour trading volume reaching $25.21 billion, up 54%. XRP has also shown a positive trend, with its price breaking above $2.3.

Ripple witnessed a significant growth of 3.7% in the past day. Other major tokens like BNB and Solana also recorded significant increases of 2.1% and 4.1%, respectively.

The well-known meme coin Dogecoin surged by a substantial 8%, and Cardano's price also rose by 8.89%. The current surge in the cryptocurrency market is driven by a combination of factors that have rekindled confidence between institutional and retail investors.

Breakthrough: Classic Patterns Indicate a 10% Upside

Lark Davis (username on X as @TheCryptoLark) shared a Bitcoin chart on July 3, showing a clear breakthrough of the downward trend line.

Davis stated that this move could indicate a significant rise in gold prices to the level of $120,000.

The chart shows that Bitcoin has broken through a symmetrical triangle or wedge pattern. Davis marked this breakthrough with orange arrows and expects a rise of 9.77%. The breakout target is consistent with the potential volatility calculated based on the height of the pattern.

Technical indicators support a bullish outlook. The MACD histogram has turned green, while the MACD line crosses above the signal line. Volume increased during the breakout, further confirming the pattern.

Davis did not provide a specific timeline for the anticipated move but indicated that it could unfold in the coming days.

The chart shows that the three key exponential moving averages—20-day, 50-day, and 200-day—are all located below the breakout point. This trend suggests that there is persistent bullish momentum in the current market structure.

Bitcoin Price Prediction

Bitcoin found support at $105,000 and closed above the descending trend line on Wednesday, breaking the bearish descending triangle pattern and sending out positive signals.

Both moving averages are trending upwards, and the Relative Strength Index (RSI) is in the strong zone, indicating that buyers are in control. BTC/USDT is expected to test the neckline of the reversal head and shoulders pattern, where bulls are anticipated to encounter bearish resistance.

If the bulls hold their ground near the neckline, the probability of a breakout will further increase, with the potential to challenge the pattern target of $150,000.

If the bears wish to curb the uptrend, they need to quickly push the price back below the moving averages. Otherwise, the pair may first retrace to $105,000 and then further down to $100,000.

The price has broken the descending trend line and successfully retested for confirmation, with bulls striving to convert this position into support. The moving averages are upward, and the RSI is in the strong zone, showing clear bullish dominance.

However, the bears will not easily concede. They will focus on defending the range between $110,500 and $111,980. If the price retreats from the upper pressure zone but finds support near the moving averages, it indicates that market sentiment remains optimistic, which will increase the likelihood of breaking through $111,980.

If the price falls back and breaks below the moving averages, the market will shift back to a bear-dominated state.

Just when Bitcoin broke through 110,000 US dollars, the bullish trend remains strong with a target of 140,000 US dollars.

July and August will be the time for altcoins to collectively explode. In these two months, the market will quickly produce coins that increase by 10 times, 50 times, or even 100 times. These will also be the two most profitable months of 2025. Be sure to seize the big opportunities and don't miss the chance for an underdog comeback.

After months of continuous decline and lackluster trading activity, Shiba Inu is showing signs of a potential reversal. At the time of writing, the trading price of SHIB is approximately $0.0000113, indicating that despite the generally weak meme coin sector, there is a slight but noticeable local uptrend.

According to the chart, SHIB has been consolidating above a key support level, which is between $0.0000095 and $0.0000110. This area has consistently absorbed selling pressure over the past few weeks, providing motivation for any rebound attempts.

Additionally, the Relative Strength Index (RSI) has moved out of the extreme oversold territory, with the current trading price near 42, suggesting that the bearish momentum is finally weakening.

In past recoveries, these moving averages often herald the beginning of a counter-trend rebound. If the price can retest and break through the next resistance level, particularly the 50-day exponential moving average (EMA) around $0.00001286, it would support the notion that the asset is shifting from a downtrend to a broader recovery phase.

Compared to the high volatility period earlier this year, trading volume remains relatively subdued, so traders should not expect explosive breakouts. However, the trend of local lows rising suggests that buyers are gradually regaining confidence. If SHIB can continue to rise and recover the range of $0.0000130 to $0.0000140, it would demonstrate that the market is indeed entering a reversal phase rather than another dead cat bounce.

The market is still in the script, $BTC rebounded after dropping to around the second support level of 105000 yesterday, and the short positions only took profit partially around 106500 and 105500, without fully closing.
Before going to sleep around 1 AM, I saw it rise to 109600 and added a small short position, currently the average price of the short position is around 109000.

Standard Chartered expects Bitcoin to reach $200,000

Standard Chartered analyst Geoff Kendrick wrote in a report on Wednesday that due to strong institutional interest and continuous purchases by corporate treasuries, Bitcoin is poised for the 'best second half in history'.

Standard Chartered predicts: $135,000 by the end of Q3 2025; potentially reaching $200,000 by the end of Q4 2025.

The bank's analysts expect Bitcoin purchases in Q3 and Q4 this year to exceed the strong 245,000 coins in Q2, and stated that Bitcoin will set a new record above the historical high of $111,814 reached in May. 'Bitcoin will refresh its historical high in the second half of the year,' Kendrick wrote.

He added that this is because Bitcoin has broken the inertia pattern of price declines 18 months after past halvings - 'According to this pattern, a price drop should have occurred between September and October 2025.'

However, he also warned that the second half's trend won't be smooth sailing. 'We believe that due to market concerns about a possible repeat of this historical pattern, prices may experience fluctuations at the end of Q3 and the beginning of Q4,' he wrote, 'but we expect prices to resume an upward trend with support from ETF and treasury purchases.'

July May Welcome Significant Volatility

K33 Research Director Vetle Lunde stated that July could become a month of increased volatility for Bitcoin, primarily driven by the policies of the Trump administration.

It is expected that Trump will sign a controversial expansionary budget proposal known as the "Beautiful Big Bill" before Friday. This bill could expand the U.S. deficit by $3.3 trillion, which Lunde believes is favorable for scarce assets like Bitcoin.

Another key date is the tariff deadline on July 9, by which Trump may adopt a tougher trade stance.

The third important milestone is July 22, which is the final deadline for the long-awaited cryptocurrency executive order to take action, at which point updates regarding the U.S. strategic Bitcoin reserves may be announced.

"July is full of potential Trump volatility," Lunde said. However, he noted that the crypto market is currently relatively stable, with no signs of excessive speculation. "There is no reason to expect a large-scale deleveraging in the crypto market, as leverage remains under control," he said, "This is conducive to maintaining spot positions, being patient, and entering a phase known for its seasonal calm."

Factors Affecting Bitcoin Price Trends in July

As Coinpedia pointed out, the BTC price has gradually reflected the exponential growth of global money supply (M2). The U.S. government needs to increase the budget deficit, which means that the money supply will increase in the short term, a very favorable factor for Bitcoin.

The performance of BTC in July will largely be influenced by the performance of the U.S. spot BTC ETF. Led by BlackRock's IBIT, the U.S. spot BTC ETF has recorded approximately $12.8 billion in net cash inflows over the past three months.

Meanwhile, monitoring the performance of large companies that have implemented Bitcoin fund management programs in July will help determine the price trend of Bitcoin. Additionally, the rising demand from institutional investors has led to a sharp decline in the amount of disposable Bitcoin on centralized exchanges, thereby exacerbating supply and demand shocks.

BTC price fluctuates below $109,000

Bitcoin continues to fluctuate narrowly between $103,600 and $109,300, showing signs of consolidation after weeks of volatility. From the daily chart, BTC has repeatedly failed to close above the resistance level of $109,300, a key level that has limited its upward momentum since early June.

Meanwhile, the support level at $103,600 remains solid, reinforcing a clear judgment of market range. Currently, Bitcoin's price hovers around $106,500, slightly above the 50-day moving average (blue line), which has acted as dynamic support during the recent pullback.

Trading volume remains relatively low, reflecting indecision across the market. Traders seem to be waiting for a breakout from this range to confirm the next directional trend. If the daily closing price successfully breaks above $109,300, it could trigger an upward trend and reach a new all-time high; whereas if it drops below $103,600, it may lead to a deeper pullback towards the 200-day moving average around $96,000.

The 50, 100, and 200-day moving averages converge below the current price, indicating that the overall trend remains bullish. However, a lack of momentum above $110,000 reinforces the importance of this resistance level. The market may continue to remain volatile and lack direction in the short term until BTC decisively breaks through.