Bitcoin Price Watch: Calm Before the Storm—Could Bitcoin Shatter the $111K Ceiling This Week?

Key Points

1. Bitcoin price closed at $108,199 on July 5, 2025, with an intraday range of $107,386 to $109,117 and a market cap of $2.151 trillion.

2. Key resistance is at $108,500-$109,000, with support at $107,300; a breakout above $109,000 could push prices to $109,500-$110,000, while a drop below $108,000 may lead to lower support levels.

3. The 4-hour chart shows a cautiously bullish outlook with key support at $107,800 and $106,300; a bullish candlestick pattern near $108,000 could target $110,000 resistance.

4. The daily chart indicates a potential symmetrical triangle pattern with a range of $98,000-$110,000; a breakout above $111,000 would confirm bullish continuation, while a drop below $98,000 would signal a bearish trend.

5. Technical indicators like RSI (55), Stochastic oscillator (84), and MACD (854) show mixed signals, with moving averages (10-period EMA at $107,636, 50-period EMA at $104,870) supporting a bullish bias.