Despite aggressive US employment data, Bitcoin prices failed to surpass the $110,000 level on Friday, July 4th. The flagship cryptocurrency has returned to the level of around $107,000, reflecting the current indecisiveness of the broader crypto market.
Bitcoin prices have moved primarily within range in the past few weeks, but have enjoyed bullish support enough to take a record high of $111,814. Below is a possibility that $105,000 is the next important support for market leaders:
Analysts explain why $105,000 is important support
Famous on-chain analyst Burak Kesmeci joined social media platform X and shared the latest ratings for Bitcoin prices. According to online Crypto Pundit, BTC prices are likely to witness upward momentum as long as they exceed the key support of $105,799 over the coming weeks.
This forecast is based on the realized price UTXO age band and estimates the average price at which Bitcoin holders have purchased BTC compared to the period they hold the coin. Specifically, Kesmeci emphasized that they would watch a band (Green Line) for a week to a month.
Source: @burak_kesmeci
Given the short period of time, this age band offers insight into the behavior of “short-term holders” and potentially the sentiment across the market. As shown in the chart above, this age band served as a key support cushion for the recent flagship cryptocurrency on June 1, 2025.
At the time of publishing X’s post, bands a week to month’s age were in the region for $105,799. This means that the price of BTC may depend on this level.
The rationale behind this prognosis is that by purchasing more coins when Bitcoin returns to this level, its cost base is around $105,799, and it is likely that STH will defend its position by purchasing more coins.
Kesmeci noted that as long as Bitcoin is above the $105,799 support level, investors can expect to see even more positive price movements.
Bitcoin price at a glance
At the time of this writing, BTC prices were just above $108,100, reflecting a decline of over 1% over the past 24 hours. The seven-day high was $110,300, with a low of $105,430, but the best cryptocurrency has returned to where it started this week. Bitcoin prices are up just 1% in the weekly time frame, according to Coingecko data.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
ISTOCK featured images, TradingView chart
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