Technical analysis by aaryamann_shrivastava_bic about Symbol BTC on 7/7/2025

BTCUSDT is currently trading at $108,311, just under the resistance level of $109,476. The recent bounce from $108,000 has placed Bitcoin in a strong position, with the next target being the $110,000 level. If Bitcoin successfully breaches this resistance, it will set its sights on the ATH of $111,980. BTCUSDT is currently 2.5% away from its all-time high of $111,980. The path to this level will likely be supported by both new investors and long-term holders. However, for Bitcoin to reach this level, LTHs will need to demonstrate restraint and avoid significant sell-offs, which could hinder the price movement.If the resistance at $109,476 holds and BTCUSDT fails to break through, the price may slide back toward $108,000 or even lower, potentially dropping to $105,585. This decline would invalidate the current bullish thesis and suggest that the market is not ready for a breakout at this time.However...Read More - Bitcoin Faces Resistance at $109,500: What’s Next for the Crypto King?