Bitcoin (BTC) Price Prediction for July 10, 2025
2025-07-09 08:24:32
Main Idea
Bitcoin's price is trading near $108,865 with a tight range between $108,200 and $109,200, showing bullish market structure but capped momentum due to bearish RSI divergence and neutral to slightly bullish derivatives data.
Key Points
1. Bitcoin price is trading near $108,865, maintaining a tight range between $108,200 and $109,200.
2. A bearish RSI divergence signals weakening upside momentum despite price pushes, with RSI at 53.8 and MACD lines slightly negative.
3. Bollinger Band squeeze and EMA support around $108,200–108,550 are holding, with the upper band at $109,400 acting as a ceiling.
4. BTC derivatives data shows neutral to slightly bullish sentiment, with open interest down -0.16% but options volume up +11.72%, and funding rates at +0.0043%.
5. Key levels to watch: $109,600 for a potential breakout toward $110,800–111,500, and $107,200 as a downside risk level if not held.
Description
Bitcoin price today is trading near $108,865, maintaining a tight range between $108,200 and $109,200. The asset remains locked in a triangular structure as bulls attempt to hold above the short-term ascending trendline. BTC price dynamics (Source: TradingView) Despite several tests of the resistance zone just below $109,600, momentum has remained capped, as reflected by a cooling RSI and low directional movement. However, market structure across daily and 4-hour charts remains bullish unless $1...
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