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Bitcoin Technical Analysis Report – 1st July 2025
Bitcoin staged a strong rebound this week, surging over 6% and demonstrating robust demand near the critical $100,000 support level. The bulls are now attempting to maintain momentum by keeping the price above the crucial resistance of $108,000, although traders should remain cautious since weekend liquidity tends to be thin, reducing the reliability of any breakout.
On the other hand, sellers are expected to re-emerge at the beginning of the week, aiming to keep the BTC range-bound between $100,000 and $111,980. Notwithstanding, in the background, demand remains resilient: US spot Bitcoin ETFs have registered over $3.2 billion in inflows over the past fortnight without a single outflow day, and the number of Bitcoin treasury holders continues to rise, signifying sustained institutional confidence.
At the time of writing, BTC was trading at $106,859.67.
Following an all-time high of $111,980, BTC encountered a minor correction, resulting in a decline of nearly 12.25% to $98,200. The asset failed to close below the vital support of $100,000 and rebounded to $108,800. On a broader scale, BTC is now consolidating and trading within a range from $100,000 to $110,000. A breakout on either side with robust volumes will determine the future trajectory for this cryptocurrency.
Key Levels:
* Support 2: N/A
* Support 1: $90,000
* Asset: N/A
* Resistance 1: $108,000
* Resistance 2: $125,000
Source: zebpay.com
