Market Analysis
**Introduction**
Bitcoin recently attempted to break past the 113,000 level but was unsuccessful, reigniting uncertainty in the market. Given the ongoing influence of global economic and political developments, today we take a comprehensive look at Bitcoin’s current standing and potential trends to help investors make informed decisions.
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**Market Analysis**
Over the past week, Bitcoin has struggled to break out of a prolonged sideways range between 110,000 and 85,000. A significant liquidity cluster near 113,000 has repeatedly acted as a strong resistance, preventing further upward momentum. Examining data from the last five days reveals considerable price volatility but no clear directional trend.
On June 28, Bitcoin opened at 107,047 and closed slightly higher at 107,296. The following day saw a modest uptick to 108,356, but prices declined again on June 30 and July 1, dropping to 105,681. A temporary rally occurred on July 2, reaching 108,849; however, this momentum did not sustain.
Technical indicators reflect this indecisiveness. The 7-day RSI oscillated between 45.7 and 67.76, suggesting moderate to strong buying interest. Meanwhile, the 14-day Money Flow Index fluctuated from 40.76 to 50.77, signaling uncertainty in market liquidity and investment commitment.
Looking at Bollinger Bands, Bitcoin’s price recently approached the upper band, indicating potential resistance and increased selling pressure. Notably, trading volume spiked to 17,691 on July 2—almost double the previous days—highlighting heightened market activity on that day.
The Hull Moving Average (HMA), a short-term trend indicator, currently hovers near 107,134. Bitcoin’s close above this level on July 2 points to a mildly positive short-term outlook. However, the price drop below the HMA on July 1 to 105,681 suggests medium-term pressure remains.
Key support levels to watch are S1 (105,681–104,872) and S2 (103,985–103,105). A break below S1 could push prices toward S2, which serves as a stronger support zone. Falling further beyond could open the door to S3 (96,945–90,056). On the resistance side, R1 (109,434–110,797) and the psychologically significant 110,000 mark continue to cap upward movement.
Investor sentiment, as measured by the Fear & Greed Index, stands near 63, indicating moderate greed but still far from excessive levels. This suggests selling pressure may ease in the short term. Meanwhile, a slight increase in the funding rate (0.000041) coupled with a 2.69% decline in open interest points to some position closures, hinting at potential short-term market consolidation.
On the global front, positive investment trends such as increased ETF participation in the U.S. and institutional Bitcoin purchases provide encouragement. Conversely, geopolitical factors like reduced mining activity in Iran add a layer of uncertainty.
In summary, Bitcoin’s price currently balances delicately between a strong resistance near 113,000 and established support around 105,000. Despite short-term fluctuations, rising interest from institutional investors and ETF inflows help stabilize the market. However, failure to close above 110,000 coupled with slight weakness in funding rates may signal medium-term headwinds. Investors should closely monitor these critical support and resistance levels alongside global economic and political developments to better anticipate market direction.
Data Summary
- 1. Time:
2025-07-03 – 00:00 UTC - 2. Prices:
Open: 105681.13000000High: 109730.00000000Low: 105100.19000000Close: 108849.60000000
- 3. Last 5 days’ closing prices:
2025-06-28: 107296.790000002025-06-29: 108356.930000002025-06-30: 107146.500000002025-07-01: 105681.140000002025-07-02: 108849.60000000
- 4. Volume:
BTC: 17691.8959USD: $1915699005.8773
- 5. Number of trades:
2444708
- 6. Indicators:
RSI: 63.3300MFI: 50.7700BB Upper: 109459.98000000BB Lower: 101978.41000000MACD: 653.32000000Signal: 406.97000000Histogram: 246.35000000
- 7. Moving Averages:
SMA:7=107332.2300000014=105794.5400000021=105719.1900000030=105881.4200000050=106128.60000000100=97880.88000000200=96323.81000000EMA:
7=107156.6800000014=106560.4500000021=106248.9600000030=105824.2700000050=104352.85000000100=100597.25000000200=94639.40000000HMA:
7=107134.4800000014=108086.1700000021=108003.2400000030=106499.9700000050=105798.51000000100=109562.99000000200=106857.20000000 - 8. Supports:
S1: 105681.14000000 – 104872.50000000S2: 103985.48000000 – 103105.09000000S3: 96945.63000000 – 90056.17000000S4: 89856 – 87325.6
- 9. Resistances:
R1: 109434.79000000 – 110797.38000000
- 10. Psychological Support:
100000.00000000
- 11. Psychological Resistance:
110000.00000000
- 12. Funding Rate:
0.0041%
- 13. Open Interest:
74368.3870
- 14. Fear & Greed Index:
63 (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.