- BTC faces strong resistance at $108,924, a level repeatedly absorbing liquidity, signaling the need for volume-backed breakout strength.
- Support at $105,797 and $100,426 provides potential buy zones; a drop below $105,500 could lead to deeper pullbacks near $97K.
- RSI at 54.12 and weak MACD momentum show a neutral trend, with price consolidation indicating a pre-breakout or correction setup.
Bitcoin is holding firm near $107,000, with analysts noting potential breakout above key resistance zones. The asset recently closed Q2 2025 with a 29.74% gain, its highest monthly close to date, according to Moby Media.
However, July’s start has shown hesitation, with BTC trading in a tight range. Despite weak volume and mixed momentum signals, bulls are keeping an eye on $108,924 and $110,000 as breakout zones. Michael van de Poppe notes that Bitcoin is consolidating, and current dips are shaping up as accumulation points.
Price Holds Below Key Resistance
At press time, BTC was trading at $107,034, showing minor fluctuation with daily highs of $107,558 and lows of $106,670. Notably, resistance remains firm at $107,773, while a stronger top at $108,924.
This level has absorbed liquidity multiple times, showing concentrated sell pressure. Above that, $110,545 is viewed as the next major upside target. The price is consolidating beneath $108,924, which has triggered repeated seller activity.
A recent move above $108,000 was short-lived, with sellers quickly reversing gains. This false breakout shows a lack of follow-through strength from bulls, despite previous momentum near $106,500. However, support zones are intact, offering potential accumulation levels below current prices.
Key Support Zones Offer Second Entry Levels
Support is at $105,797, with an extended zone at $100,426 acting as a stronger bounce level. If BTC drops below $105,500, the price could revisit the $102,000 zone where previous accumulation occurred. Notably, a deeper correction near $97,000–$99,000 is also on watch, viewed as a possible second buying opportunity.
These zones have shown prior buying interest, suggesting potential bounce points. Analysts stress the importance of holding above $105,500 to avoid deeper corrections. Without a clear breakout above $108,924, the analyst advises monitoring these green zones.
Indicators Show Neutral Trend as Breakout Setup Builds
On the daily technicals, RSI is at 54.12, slightly above neutral. This suggests the market is pausing before choosing direction. Meanwhile, the MACD shows weak bullish momentum, with the histogram narrowing. Volume is low, with only 36 recorded today, further confirming reduced activity.
This technical setup points to a neutral to bullish trend that awaits confirmation. A move above $110,000 with volume may renew upside toward $115,000–$120,000. However, a failure to hold $106,000 could expose BTC to liquidity grabs closer to $100,000.
Bitcoin’s price action continues to consolidate near major resistance. While bulls eye a breakout above $108,924, the market is preparing for both outcomes. Support zones below $105,500 remain key levels, with the $100K level offering strategic re-entry if downside continues.
