Technical Analysis: Cautiously Bullish with Key Resistance in Focus (July 7, 2025)

Key takeaways:

• BTC is eyeing resistance between $109K and $112K while, $108,890–$109,000 is the current psychological hurdle. 
• All the key EMAs (20, 50, 100) are still below the price. A clear sign that the trend remains up. 
• The technical setup heading into this week favors the bulls.

After closing June at a record monthly high, BTC has been riding solid momentum, but traders are eyeing a familiar roadblock: resistance between $109K and $112K. 

Current sentiment: Bullish, with a side of caution

Bitcoin is holding steady above $108, 000. This is impressive, considering the consolidation and dips witnessed last month. Still, analysts are keeping their eyes on several technical levels that could either trigger a breakout or force another pause. Here are some key levels to watch:

Immediate resistance zones:

• $108,890–$109,000: The zone is more than just a psychological hurdle. It’s been acting as a key technical level. A strong weekly close above it could be the green light that bulls are waiting for.
• $110,000–$110,200: range includes the recent all-time high of $110,116 and coincides with the Supertrend indicator. If Bitcoin can push through here with conviction, things could accelerate fast.
• $111,980–$112,166: level capped price action earlier in June, and it’s likely to be a battleground again. Multiple rejections here make it a key test.

Support Zones:

• $108,355: Recently flipped from resistance to support. This is a healthy sign signalling a possible price momentum.
• $107,800–$107,300: Buyers have stepped in here before, and the 7-day SMA around $107,870 gives this area more weight.
• $106,000–$106,300: A break below here could shift short-term momentum to the downside. The 30-day SMA at $106,177 adds to its significance.
• $105,000: A more solid floor. If the market really pulls back, this is where bulls would likely dig in.
• $103,700 (50-day EMA): Still offering solid support in broader trend terms.
• $99,900 (100-day EMA): A longer-term safety net but let’s hope we don’t go there anytime soon.

Indicator check-in

• Moving Averages (MA/EMA): All the key EMAs (20, 50, 100) are still below price. A clear sign that the trend remains up. However, some short-term signals like the Hull Moving Average are starting to flash a cautious "sell" around $108,944, suggesting we may see a bit of a breather soon.
• Relative Strength Index(RSI): Sitting comfortably between 51 and 58. That’s the “not too hot, not too cold” zone. There’s room to move up before things get overcooked (i.e., above 70), but we’re not in oversold territory either. Think steady, controlled momentum.
• Volume: Decent, but not explosive. If we’re going to break above resistance, we’ll want to see volume spike. Weak volume during a breakout? That’s usually a red flag for false moves.
• Volatility: It’s ticking up, which is typical near major resistance. Expect fireworks if BTC makes a decisive move this week.

Scenarios for July 7–14,  2025

1. Bullish continuation

• What for a strong move above $110,200, ideally backed by volume.
• Price target: First stop around $115K, with $120K–$125K not off the table if momentum kicks in.

2. Minor pullback or consolidation

• What to watch: Price stalls under $112K, volume dries up, or MACD continues to lose steam.
• Target: Support tests at $107,800, $106,000, or even $103,700.

3. Bearish reversal

• What to watch: Sharp rejection from $110K+, followed by a break below $106K and then $103,700.
• Target: $98K, possibly as far as the 200-day EMA around $94K.

Bottom line: The coming week favours bulls

The technical setup heading into this week favors the bulls, but that $109K to $112K range is no joke. It’s the line in the sand right now. Break above it, and the rally could reignite quickly. But if BTC stalls again, we’re likely looking at more consolidation before the next leg up.

Either way, this isn’t the time to trade on autopilot. Watch resistance zones, monitor volume, and keep an eye on short-term indicators like MACD and RSI. The trend may be up, but the market still respects its technicals.

Use TabTraders price and technical indicators to make informed decisions, set smart entry and exit points, and stay ahead of the trends.

👉Want to learn more about Technical analysis? Start here:  

1. Candlestick charts.

2. Exponential Moving Average (EMA) Explained

3. How to Use Moving Average Convergence/Divergence (MACD)

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