After a strong rebound from the $102,000 region last week, Bitcoin prices today trade around $109,100, slightly below the $110,000 barrier. BTC is currently compressed into symmetrical triangles on the daily chart, but the 4H structure remains bullish beyond the $107,000 short-term support. Derivative funding has been slightly positive, suggesting a long and cautious optimism ahead of a potential breakout.
What will happen to Bitcoin prices?
BTC price dynamics (Source: TradingView)
Daily charts show that BTC continues to respect well-formed symmetrical triangular structures. The Bulls have defended the $105,000-$106,000 zone multiple times since late June, with the latest bounce returning the price to an upper-diagonal resistance of around $110,000. This resistance overlaps with horizontal supply, making it difficult to crack.
BTC price dynamics (Source: TradingView)
The 4H Supertrend has turned bullish over $107,270, but the candle continues to close beyond the short-term ascending trendline that began to form from the June lows. The structure remains compressed until BTC exceeds $110,000 or below $107,000, setting a stage of greater directional movement.
Why are Bitcoin prices falling or rising today?
BTC price dynamics (Source: TradingView)
Why Bitcoin prices are falling or rising today depends on weakening the momentum and mixed signal across the time frame. On the 30-minute chart, MACD has begun to flatten after the recent bullish cross, with histogram bars shrinking, indicating a decrease in momentum. Meanwhile, the RSI remains neutral at 56.5, with no immediate divergence and no confirmation of continuity of trends.
BTC price dynamics (Source: TradingView)
On the 4H chart, BTC faces rejection near the upper bollinger band ($109.5k), while VWAP resisted resistance slightly above the current market price. This is a daytime rise. Furthermore, parabolic SAR dots outweigh prices, suggesting short-term trend fatigue.
BTC Derivative Analysis (Source: Coinglass)
However, the funding rate has been slightly positive, with open profits increasing by more than 3%, suggesting that offensive shorts could face pressure if BTC breaks above the triangle.
Compression is built as BTC prices fall below $110K
BTC price dynamics (Source: TradingView)
Several metrics show that Bitcoin’s price volatility can quickly increase. On the 4H chart, the Bollinger band begins to squeeze again, with Price riding in the midband. This usually precedes a breakout move.
The EMA ribbon shows alignment. 20/50/100/200/200 EMA is stacked between $108,500 and $106,200 and now serves as dynamic support. If the BTC holds above this zone, the Bulls retain structural control. The Directional Movement Index (DMI) shows a modest bullish bias with +DI (24.65) above -DI (13.64), but ADX remains below 20, suggesting that trend intensity has not returned completely.
BTC price dynamics (Source: TradingView)
From a smart money perspective, the latest chocks and liquidity suggest that the bears were unable to gain control over liquidity sweeps on the daily charts between $102,500 and $105,000. The current push targets weak heights around $110,500.
Bitcoin price forecast: Short-term outlook (24 hours)
BTC price dynamics (Source: TradingView)
The Bitcoin price structure remains in the tightening range, but the bullish defense of the $107,000 and repeated supply zone taps means a tap of about $110,000. If the BTC can exceed $110,500, you can open a run heading from $113,500 to $115,000. On the downside, the $105,000 and $102,500 will recur as they failed to hold $107,000.
Given the low volatility and mixed metrics, BTC could remain in the range within $107,000 to $110,500 in the short term. Traders should closely monitor volume spikes and triangle breakages.
Bitcoin Price Prediction Table: July 8, 2025
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