Bitcoin Price Could Resume Uptrend If $105,000 Support Holds — Here’s How
2025-07-05 14:39:25
Main Idea
Bitcoin's price may resume an uptrend if it holds above the $105,000 support level, with analysts highlighting key technical indicators and market behavior.
Key Points
1. Bitcoin failed to stay above $110,000 despite positive U.S. jobs data, but remains near its record high of $111,814.
2. Analysts suggest $105,799 is a crucial support level based on Realized Price UTXO Age Bands, particularly the 1-week to 1-month age band.
3. As of the report, Bitcoin's price was around $108,100, reflecting a slight decline over 24 hours but remaining stable weekly.
4. The 1-week to 1-month age band around $105,799 is seen as a defensive level for Bitcoin's price stability.
5. Bitcoin's price showed minimal weekly growth (1%) despite fluctuations between $110,300 and $105,430.
Description
The Bitcoin price failed to stay above the $110,000 level on Friday, July 4, despite the positive jobs data in the United States. The flagship cryptocurrency has returned to around the $107,000 level, mirroring the current indecisive state of the broader crypto market. While the Bitcoin price has been moving largely within a range in the past few weeks, it has enjoyed enough bullish support to stay in touching distance of its record high of $111,814. Below is how $105,000 might be the next criti...
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