Date: July 3, 2025
Chart: Daily (1D) | Exchange: Bitstamp via TradingView
Current Price: $109,478
Change: ▲ +3,680 (approx. +3.5%)
Indicators Used: Bollinger Bands (20 SMA), Trendlines, Volume
🔍 Key Technical Insights
1️⃣ Symmetrical Triangle Breakout Attempt
Bitcoin appears to have broken out above the symmetrical triangle, a pattern that’s been forming since mid-April. This breakout suggests a potential trend reversal or bullish continuation — contingent on volume and follow-through.
2️⃣ Bollinger Bands Behavior
- Middle Band (20 SMA): $105,795 — now acting as strong support.
- Upper Band: $109,739 — Bitcoin is challenging this band, signaling potential overbought zone short-term.
- Lower Band: $101,852 — serves as a safety net if the breakout fails.
3️⃣ Volume Analysis
Recent bullish candle is supported by a notable increase in volume, validating the breakout. Sustained volume in the next 1–2 sessions is crucial to confirm the move.
4️⃣ Support and Resistance Levels
- Immediate Support: $108,000 (breakout retest zone), $105,795 (20 SMA)
- Immediate Resistance: $109,739 (upper BB), $112,012 (horizontal resistance)
- Breakout Target (based on triangle height): Approx. $114,000–$115,000
🧭 Bitcoin Short-Term and Medium-Term View
| Timeframe | Structure | Key Support | Key Resistance | Outlook |
|---|---|---|---|---|
| Intraday | Overextended | $108,000 | $109,700 | Mild Pullback Likely |
| Short-Term | Breakout in play | $105,795 | $112,012 | Bullish |
| Medium-Term | Reversal Setup | $101,850 / $98,000 | $114,000+ | Bullish above $105,000 |
📌 Strategic Insight
If Bitcoin closes above $109,500 on the daily chart with strength and volume, it opens the path to $112,000–$114,000. However, if bulls fail to hold above $108,000, we might see a pullback toward $105,800 for a retest of the triangle.
🔗 Internal Links (from your website)
- 📈 Bitcoin Intraday & Long-Term Chart Outlook (July 2)
- 💹 Dow Jones Chart Outlook – July 2, 2025
- 📉 XRP Breakout Analysis & Targets
🌐 External Resources
⚠️ Risk Factors
- A fake breakout could lead to a sharp drop back inside the triangle.
- Global macroeconomic data (e.g., Fed minutes, inflation reports) may impact crypto sentiment.
- Watch for whale movements or large outflows on-chain.
📢 Disclaimer:
This content is for educational and informational purposes only. It does not constitute financial advice or investment recommendations. Cryptocurrency investments carry a high level of risk, and traders should perform their own due diligence or consult a certified financial advisor.
