Bitcoin Gains 0.19% Amidst Volatility Concerns

Bitcoin (BTC) experienced a slight increase of 0.19% on July 5, 2025, while most other top 10 coins saw their rates decline. On the hourly chart, BTC's rate was approaching a local resistance level of $108,286. If a breakout occurs, the growth may continue to the $108,500 zone by the next day. However, on the daily time frame, neither buyers nor sellers were dominating as the price of the main crypto was far from the support and resistance levels. The volume was low, indicating that traders were unlikely to witness increased volatility shortly. From a midterm perspective, the weekly bar was about to close in the neutral zone, suggesting that sideways trading in the narrow range of $107,000-$110,000 was the more likely scenario. Bitcoin was trading at $108,228 at press time.

Bitcoin's price on July 5, 2025, closed at $108,199, fluctuating within a narrow intraday range of $107,386 to $109,117. This price movement came after Bitcoin briefly broke out of a multi-week symmetrical triangle, reaching around $109,000, down 0.5% for the day. The breakout attempt stalled just below $110,600, a level that aligns with key Fibonacci and supply resistance. Despite this, the broader structure remains bullish, although intraday indicators show divergence and early signs of short-term exhaustion.

On the daily chart, Bitcoin's price recently breached the descending triangle resistance near $108,000, which had capped upside since early June. The breakout was clean but met heavy supply pressure just under $111,000. The move still keeps BTC above the key trendline, suggesting structural strength. However, candles are now consolidating at the edge of the breakout zone, indicating indecision. The rejection near $110,590 corresponds with the 0.0 Fibonacci level from the latest 1H swing, while the 0.236 retracement near $109,299 is currently acting as short-term resistance. A sustained move above this level is required to maintain upward pressure.

Bitcoin's price dynamics have been influenced by various factors, including the movement of dormant coins. Recently, 80,000 dormant coins moved for the first time in 14 years, causing Bitcoin to dip below $108,000. This movement has raised questions about whether a sell-off is imminent or if the market is simply undergoing a reshuffling.

Analysts have varying predictions for Bitcoin's future price movements. According to one analyst's forecast, if Bitcoin can decisively break out of its current $105,000 to $110,000 range, a rapid ascent to $120,000 is likely. Another prediction suggests that Bitcoin could reach $115,000 with a 50% chance of this occurring. Additionally, if Bitcoin breaks its current range, analysts believe a run toward $125,000–$135,000 is likely. July has historically been a solid month for Bitcoin, and this year may follow the same trend.

Despite these optimistic predictions, there are also concerns about Bitcoin's price stability. Some analysts believe that a run toward $125,000–$135,000 is likely if Bitcoin breaks its current range. However, others are more cautious, noting that the broader structure remains bullish but that intraday indicators show divergence and early signs of short-term exhaustion. The rejection near $110,590 corresponds with the 0.0 Fibonacci level from the latest 1H swing, while the 0.236 retracement near $109,299 is currently acting as short-term resistance. A sustained move above this level is required to maintain upward pressure.