Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

Key Points

1. Bitcoin traded at $108,162 on July 6, 2025, with a market capitalization of $2.15 trillion and daily trading volume of $9.49 billion.

2. The cryptocurrency oscillated within a narrow intraday range between $107,800 and $108,400, with low volume indicating a lack of directional conviction among traders.

3. Technical indicators like RSI (1,220) and MACD (853) signal buying strength, while declining volume points to weakening market momentum.

4. Key resistance is at $110,500, and support levels are at $107,000 and $105,000, with a potential deeper correction toward $98,000 if support breaks.

5. The medium-term trend remains bullish, with moving averages issuing buy signals, but a decisive breakout above $110,500 or below $107,000 is needed to confirm direction.