Bitcoin (BTC) Price Prediction for July 6, 2025: Will BTC Hold Above $108K as Momentum Wanes?
After recovering sharply from late June lows, Bitcoin price has entered a consolidation range below the $110,000 barrier. The 4-hour structure remains within an ascending support line, but momentum indicators show signs of exhaustion. Bulls face strong resistance at $110,500, while short-term supports have formed near $107,200.
What’s Happening With Bitcoin’s Price?
The current Bitcoin price action is testing a key ascending trendline that originates from the June 23 low. Price has stalled near $108,000 after rejecting the $110,800–$111,000 supply zone, where multiple failed breakouts occurred.
The Supertrend indicator remains bullish above $106,997, and the rising trendline is intact. However, the DMI shows weakening strength in both +DI and -DI, with ADX sliding, suggesting reduced trend momentum.
The 4-hour Bollinger Bands are contracting, indicating reduced volatility. Price is currently riding the mid-band near $108,600. A breakout beyond the upper band ($110,600) or a break below $107,000 will likely define the next directional move.
Why Bitcoin Price Goin…
The post Bitcoin (BTC) Price Prediction for July 6, 2025: Will BTC Hold Above $108K as Momentum Wanes? appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for July 6, 2025: Will BTC Hold Above $108K as Momentum Wanes?
After recovering sharply from late June lows, Bitcoin price has entered a consolidation range below the $110,000 barrier. The 4-hour structure remains within an ascending support line, but momentum indicators show signs of exhaustion. Bulls face strong resistance at $110,500, while short-term supports have formed near $107,200.
What’s Happening With Bitcoin’s Price?
The current Bitcoin price action is testing a key ascending trendline that originates from the June 23 low. Price has stalled near $108,000 after rejecting the $110,800–$111,000 supply zone, where multiple failed breakouts occurred.
The Supertrend indicator remains bullish above $106,997, and the rising trendline is intact. However, the DMI shows weakening strength in both +DI and -DI, with ADX sliding, suggesting reduced trend momentum.
The 4-hour Bollinger Bands are contracting, indicating reduced volatility. Price is currently riding the mid-band near $108,600. A breakout beyond the upper band ($110,600) or a break below $107,000 will likely define the next directional move.
Why Bitcoin Price Goin…
The post Bitcoin (BTC) Price Prediction for July 6, 2025: Will BTC Hold Above $108K as Momentum Wanes? appeared first on Coin Edition.
Read More