BitcoinBTCAfter a record-breaking weekly closing, ) came inches from reaching all-time heights.
-
Bitcoin traders want to see both the return of price discovery as well as a “false move” Take liquidity of $105,000.
-
Weekly close marked July for record-breaking month. “final resistance” Now next on the bulls to-do lists.
-
The macro-talk of the week is US trade tariffs, and the dollar’s weakness has continued to drive risk assets.
-
Bitcoin pricing is rising while funding rates for bitcoin are decreasing, causing a short squeeze.
-
Investor greed is rising, with the Fear & Greed Index in “extreme” territory despite macro risks.
Bitcoin target of $105,000 includes a dip
Bitcoin has recovered from a bout of weakness in the late week, thanks to BTC wallets that were dormant for 14 years and reactivated.
Information from Cointelegraph Markets Pro You can also find out more about the following: TradingView Wall Street’s return to action is reflected in the price movement centered around $109,000.
BTC/USD, having flipped over the crucial $108,000 support level in its favor, is giving more and more traders reason to believe new record highs could be around the corner.
Holding highs. The ATH is just around the corner. pic.twitter.com/JRyhA4XEOv
— Crypto Tony (@CryptoTony__) July 7, 2025
I can feel it on my feet that we are there $BTC Ath This Week
So far, the market has been a positive place for ETH as well as BTC (barring any unexpected events). pic.twitter.com/oYUcDdxsiv
— 🐧 Pentoshi (@Pentosh1) July 6, 2025
“$BTC Sets its high or low of the month within its first 12 days over 80% of the time,” Daan Crypto Trades trader Daan Crypto noted his note in his latest analysis on X.
“It then usually proceeds to trend in the other direction for a sizeable 20%+ move from that high or low.”
Material Indicators Trading Resource noted that $110,000 was a limit of liquidity for the ask. This prevented a return towards price discovery.
Monitoring Resource CoinGlass According to our research, $110,000 was the level where the bid support would be strongest, and the price of $107,800 represented the highest possible offer.
“When price consolidates, liquidation targets are vey powerful. They tend to act as price magnets,” CrypNuevo – a CrypNuevo trader – continued the X thread from Sunday.
CrypNuevo found another target for liquidation near $105,000. A trip to this level is likely due to the fact that it coincides with the exponential moving average of 50 days (EMA).
“The main individual liquidation level is at $105.2k. So it wouldn’t surprise me to see a false move to this zone first, confluence with the 1D50EMA,” He explained, calling it a “low” “good entry point.”
Keep the weekly close records coming
Bitcoin reached another weekly record on Sunday after some late-minute gains on US macroeconomic news.
Bitstamp’s BTC/USD closed at around $109240, building on the previous recovery, which had erased a week-long decline.
This pair’s gains in the first weeks of July are up 1.8%, compared to the previous month when they were 2.8% higher.
Some crypto traders were optimistic in their reactions, and Matthew Hyland, a commentator, argued that bulls are now. “in control.”
#BTC Completes the highest-ever weekly candle closure
The bulls have taken control pic.twitter.com/Og4YzCFiQm
— Matthew Hyland (@MatthewHyland_) July 7, 2025
You can also find out more about the following: separate X analysisHyland concluded he was a liar. “has to favor a continuation to all time highs here in July.”
Rekt capital, an analyst and trader of financial markets, provided the following analysis prior to the event. said A new record would close “truly pivotal.”
“Bitcoin has done it,” He subsequently confirmed.
“Bitcoin has just about Weekly Closed above the final major Weekly resistance (red), registering its highest ever Weekly Close. The goal for Bitcoin now is to turn this final resistance into support to springboard price to new All time Highs.”
The tariff talks return with high-risk assets
The minutes from the Fed’s June meeting will provide further insights into its recent decision to maintain rates at their current level.
The Fed’s policy has been a major focus of attention in a week that is generally quiet for US macroeconomic data. This differs significantly from the government.
US President Donald Trump is still vocal in his desire to reduce rates from 4.25% down to 1%. leveling personal criticism Jerome Powell, Fed chair
The divergence between Trump and the Fed was highlighted by the renewed buzz about US trade tariffs at the weekend. Powell has repeatedly tied tariffs and inflationary forces to the June rate meeting.
The deadline has passed for the reciprocal tariffs pushed to Aug. 1 from July 9, markets have only a brief respite from the issue.
“Markets have been pricing this in for weeks,” Kobeissi Letter: Trading Resource The Kobeissi Letter is a letter that argues in favor of trading as a resource. recent X analysisNoting that the US had yet to reach out to a number of other countries to discuss trade agreements,
Its latest newsletter was published on the website. The Market MosaicMosaic Asset, a trading company, attributed dollar weakness for the strong performance risk-assets in spite of uncertainty about inflation.
“Another catalyst behind the risk-on move in the stock market is the US Dollar Index (DXY),” The risk asset is described to the readers “tailwind.”
“The dollar has fallen by over 10% this year, which makes 2025 the worst start for DXY since 1973.”
Christopher Waller gave a Thursday speech at the World Affairs Council of Dallas/Fort Worth and Federal Reserve Bank of Dallas on the Fed’s balance sheet.
BTC Price Trend: Funding Rates Buck the BTC Trend
Bitcoin’s record-breaking weekly close was met with a familiar level of skepticism from some traders. This could potentially lead to a new uptick.
CryptoQuant, a blockchain analytics platform, has recently noted that the funding rate is declining while BTC prices are improving.
“As BTC enters a bullish trend, the declining funding rates indicate that Binance users are increasingly opening short positions. In other words, many traders are not buying into the rally and are instead betting against it,” BorisVest contributed to the article. Quicktake Posting on Sundays.
“This mismatch between price direction and market sentiment often leads to forced short liquidations or margin top-ups, adding fuel to the upward move.”
Massive liquidation of BTC short positions Cointelegraph reportedThe market is characterized in the last few months by the BTC/USD chasing liquidity either on the left or right side of the orders book.
“Short positions on Binance futures are increasing, signaling that many traders perceive the current rally as an opportunity to sell,” BorisVest said.
Cointelegraph pointed out last week how history is producing significant price upside Negative funding rates are a consequence.
The Investor “greed” The creeping back of extremes
Bitcoin is at an all-time record high, mirroring the exuberant US markets. However, macroeconomic conditions are uncertain.
Related: Bitcoin’ cup and handle’ breakout gives $230K target as SOL eyes 2800% gain
In both TradFi’s and Crypto’s sentiment indexes, the growing divide between economic reality and market sentiment is highlighted.
CNN released its latest statistics on the subject. Fear & Greed IndexTradFi is currently experiencing a crisis. “extreme greed” The economy is still doing well despite the challenges of tariffs, inflation and geopolitical tensions.
As of Monday, the index was 78/100.
“Investor sentiment and positioning reached extremely bearish levels during the April lows in the stock market. That was a key catalyst in driving a bottom and reversal higher in the stock market,” Mosaic Asset writes about this phenomenon.
“Sentiment has been slow to shift back in the other direction despite the S&P 500’s recovery to fresh record highs. That’s now starting to change based on several measures of investor fear and greed.”
Index crypto’s equivalent also shows similar trends. Crypto Fear & Greed Index At 73/100 it is at its highest level since the end of May, and has gained 6 points within 24 hours.
This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
