As July 2025 approaches, the Bitcoin market has once again become the focus of investors. Analysts expect the Bitcoin price to fluctuate between $104,000 and $112,000.

Technical analysis shows positive signals: the Relative Strength Index (RSI) is showing a slow upward trend and has not yet reached overbought levels; the Moving Average Convergence Divergence (MACD) has formed a bullish crossover; the Bollinger Bands are expanding and moving towards the upper band. These indicators collectively suggest that as long as Bitcoin can firmly maintain within the range of $104,000 to $106,000, its upward trend is likely to continue.

However, investors should also closely monitor the key resistance level of $110,000. If Bitcoin can break through this level, accompanied by a significant increase in trading volume, we may see the price further rise to between $114,500 and $115,000, and it could even challenge the high of $125,000. Conversely, if it fails to break through this resistance, Bitcoin may enter a consolidation phase, and a more substantial rise may be postponed until August. In this case, investors should pay attention to the support level of $95,000.

Overall, the Bitcoin market showed a generally optimistic trend in July. However, whether it can consistently stay above $104,000 will be a key factor in determining the short-term trend. Investors need to closely monitor price movements and changes in various technical indicators when formulating their strategies.

It is worth noting that while technical analysis provides us with valuable insights, the high volatility of the cryptocurrency market means that investors still need to remain vigilant and manage risks effectively. At the same time, as the Bitcoin ecosystem continues to evolve, changes in the regulatory environment, macroeconomic factors, and technological innovations may also have a significant impact on prices. Therefore, comprehensive market analysis and a prudent investment attitude remain key to making investment decisions.