Fun

Bitcoin Bounces Off Key Demand Level – Price Discovery On The Menu?

News Feed - 2025-07-03 02:07:15

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Bitcoin has experienced heightened volatility over the past few days, moving between critical levels as market participants await a clear breakout or breakdown. After testing $105,000 as support, BTC rebounded strongly and pushed back toward the $109,000 resistance zone—an area that has capped upward momentum for several weeks. While bulls remain in control of the broader structure, price action continues to show hesitation just below the all-time high, leaving the market in a state of uncertainty. Related Reading Solana Hits New Milestone: Wallets Holding 0.1+ SOL Reach Record High 1 day ago


To confirm the next leg of the long-term trend, Bitcoin needs to break into price discovery territory above $112,000 with strong volume and follow-through. Until that happens, the current range-bound conditions could persist, especially as traders weigh macro factors and profit-taking activity increases.


Top analyst Jelle shared a technical analysis pointing to another strong bounce from the 50-day moving average and exponential moving average (MA/EMA) cluster, key dynamic support levels that have repeatedly triggered bullish reactions. This bounce reinforces the underlying strength in the current trend, suggesting that buyers continue to step in at crucial levels. As long as BTC holds above this support zone, the path toward a breakout remains intact—but confirmation is still needed. Bitcoin Prepares For Expansion Phase


Bitcoin appears poised to enter a new expansive phase, with a breakout above its all-time high potentially triggering a fresh wave of bullish momentum, not just for BTC, but for the broader crypto market. After weeks of grinding just below the $112,000 resistance level, Bitcoin has struggled to push decisively higher. However, the structure remains bullish, and buyers have consistently defended key demand zones around $105,000. This ability to maintain higher lows during a period of consolidation signals strong market control by the bulls.


According to Jelle, Bitcoin has just seen another powerful bounce from the 50-day moving average and exponential moving average (MA/EMA) cluster—an area that has historically acted as a dynamic support zone. Each time BTC has touched this cluster in recent months, it has rebounded with renewed strength, and the latest bounce is no exception. Jelle believes this reaction confirms the uptrend remains intact, with conditions aligning for a breakout. Bitcoin bounces from the 50-day MA/EMA cluster | Source:Jelle on X


“The trend is up—new all-time highs are very much on the menu this week,” Jelle noted, emphasizing the importance of sustained momentum above current resistance. If Bitcoin can close decisively above $112K, it would likely ignite a surge in altcoins, many of which have lagged during BTC’s dominance-driven phase. With bulls maintaining control and technical support holding firm, the market is now watching for confirmation that Bitcoin is ready to enter price discovery once again. A successful breakout could mark the beginning of the next major leg in the crypto cycle. Related Reading Tron Shows Adoption Strength As Volume Still Led By Big Transfers – Details 1 day ago BTC Tests Resistance Again After Volatile Bounce


Bitcoin is once again pushing toward the critical $109,300 resistance level after bouncing strongly from the $105,000 support zone. The 12-hour chart shows a series of failed breakouts above the $109K level in recent weeks, highlighting the strength of this resistance zone. However, bulls have continued to defend higher lows, maintaining overall market structure and preventing deeper corrections. BTC showing strength above key MA | Source: BTCUSDT chart on TradingView


The latest candle shows a 1.93% surge, reclaiming the 50- and 100-period moving averages around $106,000, a key short-term cluster that previously acted as support. Volume also picked up during this bounce, suggesting renewed buying interest as Bitcoin tries to establish bullish momentum. Related Reading Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation 2 days ago


Still, the rejection just below $109,300 remains a concern. If BTC fails to break and close above this range soon, the risk of a return to the $103,600 demand zone increases, especially in the face of rising volatility and profit-taking across the network.


Featured image from Dall-E, chart from TradingView

News Feed

Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform
Hong Kong Authorities Arrest Two Siblings Accused of Laundering $384 Million via Banks, Crypto Platform Authorities in Hong Kong have arrested two individuals accused of laundering
Ethereum price soars on spot ETF rumor — How are ETH options markets positioned?
Marcel Pechman9 minutes agoEthereum price soars on spot ETF rumor — How are ETH options markets positioned?Ethereum price soared to a 2-month high at $3,700 today as analysts significantly boosted their expectation tha
Bitcoin, Ethereum Technical Analysis: BTC Heads Towards $40,000 Following FOMC
Bitcoin, Ethereum Technical Analysis: BTC Heads Towards $40,000 Following FOMC Bitcoin moved closer to $40,000 during Thursday’s session, as traders continued to react to ye
Zhiyuan Sun8 hours agoChinese official sentenced to life in prison for Bitcoin mining, corruptionXiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.16797 Total view
India’s Defense Minister Touts Blockchain, AI Role in Warfare
India’s defense minister believes blockchain technology is the next step in contemporary warfare. Speaking at an 80-nation plus envoy roundtable Monday before the country’s
Andrew Singer10 hours agoCentral banks want to look under crypto’s hood — Is this a positive sign?The mere fact that the Deutsche Bundesbank, BIS and other financial incumbents want such information now suggests a ta
Savannah Fortis10 hours agoChina’s new AI regulations begin to take effectThe Chinese government has loosened the original guidelines for AI it released in April and scheduled them to take effect starting Aug. 15.2489
Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger
Investment Firm Arcane Crypto to Go Public via $33 Million Reverse MergerArcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a r
Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals
Russians Have Invested Over $67 Billion in Cryptocurrency, Lawmaker Reveals Interest in cryptocurrencies has been growing in Russia, not least among non-qualified investors. Accord
SEC can proceed with Coinbase lawsuit: Court ruling
Zoltan Vardai9 hours agoSEC can proceed with Coinbase lawsuit: Court rulingCoinbase’s motion to drop the SEC’s case against the exchange was denied in court, allowing the regulator to proceed with its lawsuit.4207 To
Ethereum Price Declines Despite Record Staking And ETF Activity
Este artículo también está disponible en español. Recent Ethereum market swings have revealed an interesting disparity between price and network activity. Staking activit
Alice Ivey9 hours agoWhat is the International Monetary Fund, and how does it work?Explore the IMF’s objectives, governance structure and key functions in promoting global financial stability.418 Total viewsListen to a