The Bitcoin Price failed to stay over $ 110,000 Level on Friday, July 4, despite the positive job data in the United States. The flagship Cryptocurrency has returned to about $ 107,000 and reflects the current indecisive condition in the wider crypto market.
While the Bitcoin price has largely been moving within an interval in recent weeks, it has had enough haussearted support to stay in touch the distance from its record high of $ 111,814. Below is how $ 105,000 can be the next critical support for the market leader.
Analysts explain why $ 105,000 can be a crucial support
Prominent analysts Burak Kesmecia took to the social media platform X to share His latest evaluation of the Bitcoin Prize. According to the Online -Crypto -Punditis, the price of BTC is more likely to witness upward speed as long as it stays over $ 105,799 decisive support in the coming weeks.
This prediction is based on realized Price Utxo age bands, which estimate the average price at which Bitcoin holder bought their BTC in relation to the duration they have had their coins. Specifically, Kesmeci emphasized 1-week to 1-month age tape (Green Line) as what would look at.
Source: @burak_kesmeci
Given its short duration, this age band offers insight into “Short -term holders’ behavior and potentially Overall market term. As shown in the diagram above, this age band served as a significant support pillow for flagship Cryptocurrency as late as June 1, 2025.
From the time of publishing the post at X, 1-week was 1-month age bands around $ 105,799 region, which means that the price of BTC could rely on this level for support.
The reasons behind this forecast are to sth, with their Cost base About $ 105,799 is likely to defend their positions by purchasing more coins when the Bitcoin price returns to this level, leading to the formation of a support pillow and keeps the price afloat.
Kesmeci noted that investors can expect to see further positive price movement as long as bitcoin stops above the support level of $ 105,799.
Bitcoin price
From this writing, the price of BTC sits just over $ 108 100, which reflects an over 1% decline over the past 24 hours. Although he reached a seven -day highest of $ 110,300 and one was about $ 105,430, the main Cryptocurrency is now back where it started the week. According to data from Coytecko, the Bitcoin price is increased by only 1% on the weekly time framework.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Image from iStock, chart from tradingview
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