Bitcoin Shows Cautious Stability Amid Struggle to Break Above $113,000 – Market Analysis – 2025-07-07

Market Analysis

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**Introduction**

In recent days, Bitcoin’s price has attempted to break into a crucial range above 110,000 but has been unable to surpass the key liquidity cluster around 113,000. This resistance has created a moderate level of selling pressure and a general sense of uncertainty in the market. Currently, the price appears to be softening near 103,000, reflecting a cautious sentiment among traders. Today, we will take a closer look at these developments to better understand the prevailing market dynamics.

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**Analysis**

Over the past five days, Bitcoin’s price has fluctuated between 105,681 and 109,730, with closing prices consistently ranging from about 108,849 to 109,203. The 7-day RSI has held steady between 63 and 66, indicating solid momentum without tipping into overbought territory. Meanwhile, the 14-day Money Flow Index has oscillated between 50 and 70, suggesting healthy liquidity and moderate investor interest.

Price action has hovered near the upper Bollinger Bands, signaling some degree of upward pressure; however, the bands have not significantly widened, implying that sharp volatility is unlikely in the near term. Notably, Hull Moving Average (HMA) remains above the price and is trending upward compared to recent moving averages, pointing to a steady but measured uptrend. That said, declining volume and inconsistent trading activity have prevented this trend from fully stabilizing.

Support levels appear robust between 105,681 and 104,872, 103,985 and 103,105, and 101,508 down to 99,950. These zones could act as buffers should prices decline. On the upside, resistance is concentrated in the 109,434 to 110,797 range, with the psychological barrier at 110,000 playing a critical role. Surpassing this level would be a positive indicator, potentially paving the way toward the challenging liquidity cluster at 113,000, which has so far resisted a breakout.

From a broader market perspective, the Federal Reserve’s high interest rate policy combined with significant outflows from Bitcoin ETFs has introduced some short-term headwinds. However, institutional investment and corporate holdings continue to increase, signaling enduring confidence. Recent outflows totaling $342.2 million after 15 consecutive days of large inflows should be viewed as a temporary reaction—especially against the backdrop of weakening expectations for rate cuts following disappointing U.S. employment data.

Institutional buyers remain active, supported by ongoing ETF approvals, which have lent resilience to the market. The Fear and Greed Index hovers around 63, reflecting moderate optimism but not exuberance, which helps explain why substantial price swings are unlikely in the short term.

Overall, Bitcoin’s current price movement suggests a cautiously upward trajectory. Failure to breach the 113,000 liquidity cluster and limited volume growth are constraining market enthusiasm. A close above 110,000 would increase the probability of further upward momentum, while failure to do so could see the price soften near 103,000, potentially triggering corrective moves. Institutional backing and ETF support underpin long-term strength, but prevailing uncertainty and a conservative market stance call for patience. Investors are advised to avoid premature decisions and await clearer signals before making significant moves.

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Data Summary

• 1. Time:
  2025-07-07 – 00:00 UTC
• 2. Prices:
  Open: 108198.12000000
  High: 109700.00000000
  Low: 107800.01000000
  Close: 109203.84000000
• 3. Last 5 days’ closing prices:
  2025-07-02: 108849.60000000
  2025-07-03: 109584.78000000
  2025-07-04: 107984.24000000
  2025-07-05: 108198.12000000
  2025-07-06: 109203.84000000
• 4. Volume:
  BTC: 6447.6070
  USD: $700733299.5112
• 5. Number of trades:
  1256591
• 6. Indicators:
  RSI: 61.6200
  MFI: 70.7500
  BB Upper: 110762.33000000
  BB Lower: 101840.24000000
  MACD: 934.54000000
  Signal: 683.75000000
  Histogram: 250.78000000
• 7. Moving Averages:
  SMA:
  7=108092.60000000
  14=107503.86000000
  21=106301.29000000
  30=106518.09000000
  50=106550.78000000
  100=98771.01000000
  200=96414.36000000

  EMA:

  7=108236.20000000
  14=107507.23000000
  21=107036.89000000
  30=106506.15000000
  50=105001.39000000
  100=101223.36000000
  200=95192.36000000

  HMA:

  7=108766.51000000
  14=108793.09000000
  21=109150.95000000
  30=108388.48000000
  50=106750.51000000
  100=109348.31000000
  200=108040.36000000
• 8. Supports:
  S1: 105681.14000000 – 104872.50000000
  S2: 103985.48000000 – 103105.09000000
  S3: 101508.68000000 – 99950.77000000
  S4: 94299 – 93377
• 9. Resistances:
  R1: 109434.79000000 – 110797.38000000
• 10. Psychological Support:
  100000.00000000
• 11. Psychological Resistance:
  110000.00000000
• 12. Funding Rate:
  0.001% (Technically Positive)
• 13. Open Interest:
  79294.5830
• 14. Fear & Greed Index:
  66 (Greed)

Disclaimer: This market analysis is generated by AI based on historical BTC data and sentiment indicators. Use it as a reference, not financial advice.