2025-07-03 10:04:21

Bitcoin Eyes Breakout Above $110K — Will It Hold?

July 3, 2025 — Bitcoin (BTC) has surged past $110,000, sparking speculation of a major technical breakout. Traders and analysts are watching closely as BTC tests a key resistance zone that could open the door to a rally toward $115,000 and beyond.

📈 What’s fueling the move?
• Strong inflows into spot Bitcoin ETFs, reflecting rising institutional demand
• Weaker U.S. Dollar, pushing investors toward alternative assets
• Technical pattern suggests a bullish wedge forming — ready to break

🧠 Analysts say if Bitcoin confirms a breakout with high volume, the next stop could be $115K–$143K. However, failure to hold above $110K may trigger a short-term pullback to the $100K–103K support zone.

🔍 Key Levels to Watch
• Resistance: $110K → $114K → $115K
• Support: $100K → $103K

💬 “Bitcoin is at a crucial point. A breakout here could mark the start of a new leg up in this bull cycle,” said Ed Campbell, Managing Director at QMA.

📌 Stay tuned — the next few days could define BTC’s mid-year trajectory.

#Bitcoin #CryptoNews #BTCBreakout #CryptoMarket #Bullish

BTC-1,01%

HOLD1,22%

MAJOR-1,89%

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