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Bitcoin Technical Analysis Report – 1st July 2025
After a strong rebound of over 6% in the past week, Bitcoin (BTC) has re-established its footing above the crucial $100,000 support level. This recent price action has sparked renewed optimism among investors and traders alike.
As we begin to analyze the current market conditions, it’s essential to acknowledge that any attempts to break out above the resistance level of $111,980 may be met with heavy selling pressure. If successful, this could push the asset further upward, potentially targeting the previously mentioned $125,000 mark.
On the other hand, if the price fails to hold its ground and begins to slide, a minor correction could see BTC plummet as low as $90,000. However, it’s crucial to remember that any daily closing below the key support of $100,000 would be a bearish sign for the asset.
In the broader context, Bitcoin is still trading within a range from $100,000 to $110,000. Any breakouts on either side with significant volume will ultimately decide the future trajectory of the market.
Source: zebpay.com
