The cryptocurrency market experienced significant volatility over the past week. Bitcoin, as the market leader, continues to play a key role in determining the overall trend of the crypto space. In this article, we will first analyze the recent fundamental developments surrounding Bitcoin and then review technical scenarios using the 1-hour chart.
Fundamental Analysis of Bitcoin (Past Week)
Several macroeconomic and news-driven factors have influenced Bitcoin’s price over the past week:
✅ Federal Reserve’s interest rate decisions, which affected liquidity flows in financial markets. Speculation around a potential pause in rate hikes has injected some optimism into the market.
✅ Increased institutional investor participation and a rise in Bitcoin network transaction volumes suggest sustained demand at current price levels.
✅ On the other hand, the decline in Bitcoin’s network hash rate and rising mining costs have drawn analysts’ attention to the potential price support in the $100,000 to $102,000 USDT range.
Technical Analysis of Bitcoin (1-Hour Chart)
🔹 A key resistance zone around $109,500 to $110,500 USDT (marked in red), which has repeatedly halted upward momentum.
🔹 A critical support level at $102,430 USDT (dashed black line). If this support fails, it could trigger additional selling pressure and push the price toward lower levels near $100,000 USDT.
Bitcoin Outlook – July 7, 2025
🔹 The price consolidation between $108,000 and $109,000 USDT indicates a market indecision phase. A strong breakout above resistance could pave the way for a move toward $112,000 USDT. Conversely, failure to hold support may lead to a deeper corrective phase.
Conclusion
Bitcoin is currently trading in a sensitive zone. From a fundamental perspective, positive macroeconomic developments and growing institutional demand provide support. However, in the short term, technical analysis suggests traders remain cautious. A breakout above $110,000 USDT could signal the start of a new bullish trend, while losing the $102,000 USDT support may result in a steeper correction. Traders are advised to proceed with caution and maintain strict risk management.
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