Bitcoin Price Prediction: $108K Trendline Support Faces Key Test After 147K NFP
2025-07-04 06:26:16
Main Idea
Bitcoin's price is testing a critical trendline support at $108K, with technical indicators showing mixed signals, while Bitcoin Hyper's presale gains traction.
Key Points
1. Bitcoin is trading at $108,859, slightly lower despite stronger-than-expected U.S. macro data, including a June Non-Farm Payrolls gain of 147,000 jobs.
2. Technical indicators show early signs of fatigue: the MACD histogram has turned red, and signal lines are curling down.
3. A close below $108,300 could lead to a sharper decline, while a bounce above this level may target $110,400 and $112,041.
4. Bitcoin Hyper ($HYPER), a Bitcoin-native Layer 2 project, has raised over $1.88 million in its presale, merging Bitcoin's security with Solana's speed.
5. The project is audited by Consult and aims for scalability, trust, and simplicity, with a full rollout expected by Q1 2025.
Description
Bitcoin is trading at $108,859, slightly lower on the day, despite U.S. macro data coming in stronger than expected. The June Non-Farm Payrolls (NFP) report showed a gain of 147,000 jobs, above the forecasted 111,000. However, markets viewed it as a mixed bag; wage growth slowed to 0.2%, unemployment ticked up to 4.1%, and ISM Services PMI barely stayed above expansion at 50.8. https://twitter.com/CEA47/status/1940761777408712763 Despite stronger factory orders at 8.2%, concerns about labour sof...
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