Bitcoin Holds $108,400 Retest Zone as Traders Eye Potential Move Toward $114K and Beyond
2025-07-05 05:19:17
Main Idea
Bitcoin maintains key support at $108,400, with technical indicators like the Golden Cross suggesting potential upward momentum toward $114,000 and $180,000, amid stable market conditions.
Key Points
1. Bitcoin holds the $108,400 retest zone, with strong buying pressure following a liquidity sweep below $106,000, indicating market resilience.
2. A Golden Cross formation (100-day MA crossing above 200-day MA) signals a bullish long-term trend, with critical thresholds at $110,500 and $112,000.
3. Market capitalization stands at $2.15 trillion, with daily trading volume at $42.76 billion, reflecting stability and a volume-to-market cap ratio of 1.99%.
4. Futures market analysis shows neutral funding rates, suggesting balanced leverage and a prudent market stance.
5. Liquidity clusters above $111,000 and open interest levels are key to determining short-term price movements, with potential targets of $114,000 and $180,000.
Description
Bitcoin maintains a crucial $108,400 retest zone, signaling sustained bullish momentum as traders set their sights on $114K and a longer-term $180K target. The formation of a Golden Cross on
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