The Bitcoin price failed to stay above the $110,000 degree on Friday, July 4, regardless of the optimistic jobs knowledge in the US. The flagship cryptocurrency has returned to across the $107,000 degree, mirroring the present indecisive state of the broader crypto market.
Whereas the Bitcoin value has been transferring largely inside a variety previously few weeks, it has loved sufficient bullish help to remain in touching distance of its file excessive of $111,814. Beneath is how $105,000 is perhaps the subsequent crucial help for the market chief.
Analyst Explains Why $105,000 May Be A Essential Assist
Outstanding on-chain analyst Burak Kesmeci took to the social media platform X to share his newest analysis of the Bitcoin value. In response to the net crypto pundit, the value of BTC is extra more likely to witness upward momentum as long as it stays above the $105,799 essential help over the subsequent few weeks.
This prediction is predicated on Realized Value UTXO Age Bands, which estimates the typical value at which Bitcoin holders bought their BTC relative to the length they’ve held their cash. Particularly, Kesmeci highlighted the 1-week to 1-month age band (inexperienced line) because the one to observe.
Supply: @burak_kesmeci
Contemplating its brief length, this age band gives perception into “short-term holders’ conduct and, probably, the overall market sentiment. As proven within the chart above, this age band served as a major help cushion for the flagship cryptocurrency as lately as June 1, 2025.
As of the time of publishing the publish on X, the 1-week to 1-month age band was across the $105,799 area, that means that the value of BTC might depend on this degree for help.
The rationale behind this prognosis is that STH, with their cost basis round $105,799, are more likely to defend their positions by buying extra cash when Bitcoin value returns to this degree, resulting in the formation of a help cushion and maintaining the value afloat.
Kesmeci famous that buyers can count on to see additional optimistic value motion as long as Bitcoin stays above the $105,799 help degree.
Bitcoin Value At A Look
As of this writing, the value of BTC sits simply above $108,100, reflecting an over 1% decline previously 24 hours. Regardless of reaching a seven-day excessive of $110,300 and a low of round $105,430, the premier cryptocurrency is now again round the place it began the week. In response to knowledge from CoinGecko, the Bitcoin value is up by a mere 1% on the weekly timeframe.
The value of BTC on the every day timeframe | Supply: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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