BitcoinBTC, which has just closed another weekly record close, is only inches away from reaching all-time heights.
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Bitcoin traders aim to return both to price discovery, and also be able of utilizing the new technology. “false move” Take liquidity of $105,000.
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Weekly close sealed the month of July in history books. “final resistance” Now next on the bulls to-do lists.
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The macro-talk of the week is US trade tariffs, and the dollar’s weakness has continued to drive risk assets.
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Bitcoin pricing is rising while funding rates for bitcoin are decreasing, creating the potential of a short squeeze.
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Investor greed is rising, with the Fear & Greed Index in “extreme” territory despite macro risks.
Bitcoin targets for liquidity include a $105,000 drop
Bitcoin’s performance is improving as we begin the new week.
Data on Cointelegraph Markets Pro You can also find out more about the following: TradingView Wall Street is back with a price focus on $109,000.
BTC/USD has reverted the $108,000 key level into support and is giving more traders reason to think that new highs could be around the corner.
Holding on to the 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 $BTC Ath This Week
So far, the market has been incredibly positive for ETH as well as BTC (subject to any unexpected events). pic.twitter.com/oYUcDdxsiv
— 🐧 Pentoshi (@Pentosh1) July 6, 2025
“$BTC Sets its high or low of the month within its first 12 days over 80% of the time,” Popular trader Daan crypto Trades outlined in part his thoughts on the topic. 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, a trading resource, notes that the current band of liquidity for $110,000 is blocking a return to full price discovery.
Monitoring resource CoinGlass It is clear that $110,000 will be the level where the market breaks through. Bid support is at $107800.
“When price consolidates, liquidation targets are vey powerful. They tend to act as price magnets,” CrypNuevo, a fellow trader of mine, continued the thread in an X on July 6th.
CrypNuevo discovered another liquidation goal near $105,000. This level coincided with the 50 day exponential moving mean (EMA), making a visit there a possibility.
“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 described such an insult as “a “good entry point.”
Keep the weekly close records coming
Bitcoin reached another weekly record on July 6 after some late-minute gains on US macroeconomic headlines.
Bitstamp’s BTC/USD closed at around $109240, building on the previous recovery, which had erased a week-long decline.
In the first seven days of July the pair’s value is up 1.8%, adding on to the 2.8% gain from last month.
Matthew Hyland, an influential commentator on the crypto markets, said that bulls have now returned. “in control.”
#BTC The highest ever weekly candle closing
Bulls in Control pic.twitter.com/Og4YzCFiQm
— Matthew Hyland (@MatthewHyland_) July 7, 2025
The following are some of the ways to get in touch with us separate X analysisHyland concluded that Hyland “has to favor a continuation to all time highs here in July.”
Rekt, an analyst and popular trader in the market, has been predicting this event for some time. 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 statistics. This divergence from the government demand was pronounced.
US President Donald Trump, in particular, has remained vocal regarding the reduction of rates to as low as 1% from current 4.25%. leveling personal criticism Jerome Powell is the Fed Chairman.
The divergence between Trump and the Fed is highlighted by the renewed buzz about US trade tariffs over the weekend. Powell linked tariffs and inflationary pressures at the rates meeting in June, as well as elsewhere.
The deadline has passed for the reciprocal tariffs pushed to Aug. 1 from July 9, markets have only brief respite from the issue.
“Markets have been pricing this in for weeks,” A trading resource: The Kobeissi Letter recent X analysis. She noted that the US had yet to reach out to a number of other countries to discuss a possible trade agreement.
This latest newsletter from “The Market MosaicMosaic Asset, a trading firm, has also linked the dollar’s weakness with strong performances in risk assets during times of uncertainty about inflation.
“Another catalyst behind the risk-on move in the stock market is the U.S. 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.”
Other key events of the week include the initial unemployment claims, and speeches by senior Fed officials. Christopher Waller gave a talk on the Fed’s balance sheet at the Federal Reserve Bank of Dallas, and World Affairs Council of Dallas/Fort Worth in Texas on the 10th of July.
BTC Price Trend: Funding Rates Buck the BTC Price Trend
Bitcoin’s record weekly close is being met with some familiar skepticism by some traders — and potentially setting up another uptick as a result.
CryptoQuant’s latest analysis shows that as BTC pricing improves, funding rates have declined.
“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, a contributor to “QuicktakeBlog post of July 6,
“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 reportedIn recent months, the BTC/USD market has been characterized by a constant search for liquidity.
“Short positions on Binance futures are increasing, signaling that many traders perceive the current rally as an opportunity to sell,” BorisVest is acknowledged.
The Cointelegraph reported last week that the history of mankind has been a resounding success. significant price upside As a result, negative rates of funding.
The Investor “greed” Extremes creep back into the mainstream
Bitcoin at all-time highs mirrors exuberant US stocks — but the macro climate could hardly be more uncertain.
Related: Bitcoin ‘cup and handle’ breakout gives $230K target as SOL eyes 2800% gain
Indicators of sentiment for TradFi as well as crypto highlight the growing divide between market sentiment and economic realities.
CNN released its latest statistics on the subject. Fear & Greed IndexTradFi is currently experiencing a crisis. “extreme greed” Even with the geopolitical tensions and inflation risk, tariffs are still a problem.
At the time this article was published on July 7, the index measured 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’s cryptocurrency equivalent has a similar pattern. 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.
The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
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Source: cointelegraph.com
