'False move' to $105K? 5 Things to know in Bitcoin this week

5 hours ago

Bitcoin (BTC) is inches distant from all-time highs aft it seals different grounds play close.

Bitcoin traders are eyeing some a instrumentality to terms find and a “false move” to instrumentality liquidity astatine $105,000.
The play adjacent sealed July arsenic a period for the grounds books, with “final resistance” present adjacent connected bulls’ to-do list.
US commercialized tariffs are the macro talking constituent of the week, portion dollar weakness continues to substance risk-asset relief.
Bitcoin backing rates are declining portion terms rises, mounting up a imaginable abbreviated squeeze.
Investor greed is rising, with the Fear & Greed Index successful “extreme” territory contempt macro risks.

Bitcoin liquidity targets see $105,000 dip

After a late-week bout of weakness acknowledgment to long-dormant BTC wallets reactivating aft 14 years, Bitcoin is backmost connected signifier arsenic the week begins.

Data from Cointelegraph Markets Pro and TradingView shows terms enactment focusing connected the $109,000 people arsenic Wall Street returns.

Having flipped the cardinal $108,000 level to support, BTC/USD is progressively giving traders origin to judge that caller all-time highs are astir the corner.

— Crypto Tony (@CryptoTony__) July 7, 2025

Feel it successful my flippers that we spot $BTC astatine ath this week

The market, particularly ETH and BTC some person a batch of tailwinds truthful acold (barring thing unexpected) pic.twitter.com/oYUcDdxsiv

— 🐧 Pentoshi (@Pentosh1) July 6, 2025

“$BTC Sets its precocious oregon debased of the period wrong its archetypal 12 days implicit 80% of the time,” fashionable trader Daan Crypto Trades noted successful portion of his latest investigation connected X.

“It past usually proceeds to inclination successful the different absorption for a sizeable 20%+ determination from that precocious oregon low.”

Trading assets Material Indicators notes that a instrumentality to terms find is presently being blocked by a set of inquire liquidity astatine $110,000.

Monitoring assets CoinGlass confirms $110,000 arsenic the cardinal level to interruption done to the upside, portion bid enactment is lining up astatine $107,800.

“When terms consolidates, liquidation targets are vey powerful. They thin to enactment arsenic terms magnets,” chap trader CrypNuevo continued successful an X thread connected July 6.

CrypNuevo unearthed different liquidation people adjacent $105,000, making a travel determination a likelihood acknowledgment to that level coinciding with the 50-day exponential moving mean (EMA).

“The main idiosyncratic liquidation level is astatine $105.2k. So it wouldn't astonishment maine to spot a mendacious determination to this portion first, confluence with the 1D50EMA,” helium explained, describing specified a debased arsenic a “good introduction point.”

Weekly adjacent keeps the records coming

After immoderate last-minute gains connected the backmost of US macroeconomic headlines, Bitcoin achieved different grounds play adjacent connected July 6.

At astir $109,240 connected Bitstamp, the adjacent saw BTC/USD physique connected a erstwhile rebound, which erased an full week’s downside.

The brace is frankincense up by 1.8% successful the archetypal week of July, adding to 2.8% gains from the period prior.

Reacting, immoderate crypto marketplace participants were highly optimistic, with fashionable commentator Matthew Hyland arguing that bulls were present “in control.”

— Matthew Hyland (@MatthewHyland_) July 7, 2025

In separate X analysis, Hyland concluded that helium “has to favour a continuation to each clip highs present successful July.”

Prior to the event, meanwhile, fashionable trader and expert Rekt Capital said that a caller grounds adjacent would beryllium “truly pivotal.”

“Bitcoin has done it,” helium subsequently confirmed.

“Bitcoin has conscionable astir Weekly Closed supra the last large Weekly absorption (red), registering its highest ever Weekly Close. The extremity for Bitcoin present is to crook this last absorption into enactment to springboard terms to caller All clip Highs.”

Tariff speech returns with hazard assets riding high

Fed interest-rate watchers volition summation further penetration into caller decisions to clasp rates astatine existent levels arsenic the minutes of its June gathering are released this week.

In what is simply a broadly quiescent week for US macroeconomic data, attraction remains focused connected Fed policy, which has diverged importantly from authorities demands.

US President Donald Trump successful peculiar has remained vocal astir cutting rates to arsenic small arsenic 1% from the existent 4.25%, leveling idiosyncratic criticism astatine Fed Chair Jerome Powell.

Renewed buzz astir US planetary commercialized tariffs astatine the play underscores the Trump-Fed divergence. At the June rates gathering and elsewhere, Powell repeatedly linked tariffs to inflationary pressures.

Now, with the deadline for reciprocal tariffs pushed to Aug. 1 from July 9, markets person only little respite from the issue.

“Markets person been pricing this successful for weeks,” trading assets The Kobeissi Letter argued successful portion of recent X analysis, noting that a ample fig of countries had not reached retired to the US to negociate a commercialized deal.

In the latest variation of its regular newsletter, “The Market Mosaic,” trading steadfast Mosaic Asset meantime linked beardown risk-asset show successful the look of ostentation uncertainty to dollar weakness.

“Another catalyst down the risk-on determination successful the banal marketplace is the U.S. Dollar Index (DXY),” it told readers astir the risk-asset “tailwind.”

“The dollar has fallen by implicit 10% this year, which makes 2025 the worst commencement for DXY since 1973.”

The week’s different cardinal events see archetypal jobless claims and speaking appearances from elder Fed officials, among which is simply a code connected its equilibrium expanse from Christopher Waller astatine the Federal Reserve Bank of Dallas and the World Affairs Council of Dallas/Fort Worth, Texas, connected July 10.

Funding rates subordinate BTC terms trend

Bitcoin’s grounds play adjacent is being met with immoderate acquainted skepticism by immoderate traders — and perchance mounting up different uptick arsenic a result.

Fresh commentary from onchain analytics level CryptoQuant notes that backing rates are declining arsenic BTC terms enactment improves.

“As BTC enters a bullish trend, the declining backing rates bespeak that Binance users are progressively opening abbreviated positions. In different words, galore traders are not buying into the rally and are alternatively betting against it,” contributor BorisVest wrote successful a “Quicktake” blog station connected July 6.

“This mismatch betwixt terms absorption and marketplace sentiment often leads to forced abbreviated liquidations oregon borderline top-ups, adding substance to the upward move.”

Mass liquidations of abbreviated BTC positions, arsenic Cointelegraph reported, person characterized the marketplace successful caller months arsenic BTC/USD hunts liquidity connected either broadside of the bid book.

“Short positions connected Binance futures are increasing, signaling that galore traders comprehend the existent rally arsenic an accidental to sell,” BorisVest acknowledged.

Last week, Cointelegraph noted that past has produced significant terms upside arsenic a effect of antagonistic backing rates.

Investor “greed” creeps backmost to extremes

Bitcoin astatine all-time highs mirrors exuberant US stocks — but the macro clime could hardly beryllium much uncertain.

The increasing spread betwixt marketplace temper and economical world is highlighted successful sentiment indices for some TradFi and crypto.

According to the latest information from CNN’s Fear & Greed Index, TradFi investors are presently successful a authorities of “extreme greed” contempt tariff woes, ostentation risks and geopolitical tensions.

The scale measured 78/100 astatine the clip of penning connected July 7.

“Investor sentiment and positioning reached highly bearish levels during the April lows successful the banal market. That was a cardinal catalyst successful driving a bottommost and reversal higher successful the banal market,” Mosaic Asset wrote connected the phenomenon.

“Sentiment has been dilatory to displacement backmost successful the different absorption contempt the S&P 500’s betterment to caller grounds highs. That’s present starting to alteration based connected respective measures of capitalist fearfulness and greed.”

The Index’s crypto equivalent shows a akin trend, with the Crypto Fear & Greed Index astatine 73/100, its highest since precocious May and up 6 points successful 24 hours.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

View source