Bitcoin Price Prediction: Will BTC Break $110K or Face a Crushing Correction?

As of July 5, 2025, Bitcoin is trading below $108,000 support but holding steady after its latest breakout attempt. While $110,000 remains a tough resistance level, strong fundamentals and growing market confidence suggest the uptrend may still have room to run.

Bitcoin Technical Analysis: Bulls Maintain Structural Strength

The Bitcoin price today continues a sluggish bearish move after attempting to break through $110,600, a level tied to Fibonacci resistance. This was Bitcoin’s third rejection at that price point, sparking concerns of a potential short-term correction. However, technical indicators remain mixed rather than decisively bearish.

The breakout from a multi-week symmetrical triangle was clean, signaling strength in trend structure. On the daily chart, the 50-day and 100-day moving averages are acting as dynamic support near $107,500 and $106,000, respectively. RSI remains above 50, and although it’s showing some bearish divergence, the overall momentum hasn’ completely faded.

“Hold = I TP my short and aim for a sweep of ATH this month,” said pseudonymous trader KillaXBT, pointing to the potential for new all-time highs if the $107,500-$108,000 support zone holds. According to CoinGlass data, a liquidity cluster of $121 million just above $110,000 suggests a short squeeze could propel BTC toward $114,000 if bulls reclaim control.

Bitcoin Halving 2025 and Trump Bill Fuel Bullish Catalysts

Aside from technicals, macroeconomic developments are also influencing Bitcoin’s direction. President Trump’s “Big Beautiful Bill,” a massive spending initiative expected to balloon U.S. debt to $40 trillion by year-end, has drawn comparisons to the 2020 COVID-era stimulus that triggered a 38% Bitcoin rally.

Historically, Bitcoin has shown a strong correlation with periods of aggressive government spending, often rallying as investors seek inflation-resistant assets. “Never in history has the U.S. borrowed even remotely near these levels. This is a crisis,” noted The Kobeissi Letter, reinforcing the growing narrative of Bitcoin as a hedge against unchecked fiscal expansion.

Expert Insights: Market Confidence and ETF Momentum

Crypto analyst Kapoor Kshitiz noted that recent upward momentum has been supported by rising open interest, which hit $38 billion this week. This signals heightened market activity, though it also suggests a large number of long positions already in play.

Pineda added, “If these conditions persist, buying pressure could become even more significant in the short term.” Still, the formation of a sideways trading channel with resistance at $111,000 and support at $100,000 indicates the possibility of further consolidation.

Meanwhile, the Bitcoin ETF news front remains a key focus. Analysts are watching closely for regulatory clarity on additional ETF products, which could further ignite institutional flows into BTC.

BTC’s Next Move: Breakout or Consolidation?

As it stands, Bitcoin price prediction models remain divided. Bears point to historical rejections near all-time highs, warning that failure to break $110K could lead to a drop toward $105K or even $100K. However, the current price structure, global liquidity trends, and macro tailwinds indicate bullish momentum ahead.

The Crypto Fear & Greed Index now sits at 50, reflecting a neutral-to-bullish sentiment shift after dipping into “Fear” territory last month. If BTC climbs further, it may reinforce buying interest, especially from retail traders.

While short-term consolidation remains a risk, the broader outlook remains positive. From a technical point, a sustained break above the $110,000-$112,000 supply zone could open the door to $120K and beyond, with longer-term targets as high as $150K if historical patterns and fiscal catalysts repeat.

As of now, Bitcoin bulls are regrouping. Whether the next move is a breakout or another cooldown, the Bitcoin long-term outlook continues to attract both traders and institutions betting on new highs in the second half of 2025.

Read More

2025-07-04 22:56

Previous post Blizzard puts Warcraft Rumble on life support, lays off entire team
Next post BBC apologizes for broadcast of Bob Vylan’s controversial Glastonbury set