Bitcoin (BTC) Price Prediction for July 6, 2025
The post Bitcoin (BTC) Price Prediction for July 6, 2025 appeared on BitcoinEthereumNews.com. After recovering sharply from late June lows, Bitcoin price has entered a consolidation range below the $110,000 barrier. The 4-hour structure remains within an ascending support line, but momentum indicators show signs of exhaustion. Bulls face strong resistance at $110,500, while short-term supports have formed near $107,200. What’s Happening With Bitcoin’s Price? The current Bitcoin price action is testing a key ascending trendline that originates from the June 23 low. Price has stalled near $108,000 after rejecting the $110,800–$111,000 supply zone, where multiple failed breakouts occurred. The Supertrend indicator remains bullish above $106,997, and the rising trendline is intact. However, the DMI shows weakening strength in both +DI and -DI, with ADX sliding, suggesting reduced trend momentum. The 4-hour Bollinger Bands are contracting, indicating reduced volatility. Price is currently riding the mid-band near $108,600. A breakout beyond the upper band ($110,600) or a break below $107,000 will likely define the next directional move. Why Bitcoin Price Going Down Today? The question of why Bitcoin price going down today can be answered by observing bearish divergences and resistance exhaustion. On the 30-minute chart, the RSI shows two clear bearish divergence labels while price made higher highs, signaling weakening bullish momentum. The RSI currently sits near 44.4, indicating a shift below neutral. MACD on the same timeframe shows a negative crossover and flat histogram, further confirming the lack of upward momentum. VWAP analysis shows BTC trading just below the session VWAP of $108,186, with the upper deviation line acting as dynamic resistance. This is pressuring intraday traders and short-term scalpers. Chaikin Money Flow (CMF) remains positive (0.23), suggesting inflow remains supportive, although it has declined slightly from earlier sessions. Liquidity zones on the lower timeframes indicate strong demand between $107,000 and $106,800, while overhead supply sits at $108,800–$109,400, capping short-term rallies. Bollinger…
The post Bitcoin (BTC) Price Prediction for July 6, 2025 appeared on BitcoinEthereumNews.com.
After recovering sharply from late June lows, Bitcoin price has entered a consolidation range below the $110,000 barrier. The 4-hour structure remains within an ascending support line, but momentum indicators show signs of exhaustion. Bulls face strong resistance at $110,500, while short-term supports have formed near $107,200. What’s Happening With Bitcoin’s Price? The current Bitcoin price action is testing a key ascending trendline that originates from the June 23 low. Price has stalled near $108,000 after rejecting the $110,800–$111,000 supply zone, where multiple failed breakouts occurred. The Supertrend indicator remains bullish above $106,997, and the rising trendline is intact. However, the DMI shows weakening strength in both +DI and -DI, with ADX sliding, suggesting reduced trend momentum. The 4-hour Bollinger Bands are contracting, indicating reduced volatility. Price is currently riding the mid-band near $108,600. A breakout beyond the upper band ($110,600) or a break below $107,000 will likely define the next directional move. Why Bitcoin Price Going Down Today? The question of why Bitcoin price going down today can be answered by observing bearish divergences and resistance exhaustion. On the 30-minute chart, the RSI shows two clear bearish divergence labels while price made higher highs, signaling weakening bullish momentum. The RSI currently sits near 44.4, indicating a shift below neutral. MACD on the same timeframe shows a negative crossover and flat histogram, further confirming the lack of upward momentum. VWAP analysis shows BTC trading just below the session VWAP of $108,186, with the upper deviation line acting as dynamic resistance. This is pressuring intraday traders and short-term scalpers. Chaikin Money Flow (CMF) remains positive (0.23), suggesting inflow remains supportive, although it has declined slightly from earlier sessions. Liquidity zones on the lower timeframes indicate strong demand between $107,000 and $106,800, while overhead supply sits at $108,800–$109,400, capping short-term rallies. Bollinger…
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