Bitcoin (BTC) Price Prediction for July 10, 2025
The current Bitcoin price is trading near $108,865, confined within a tight range between $108,200 and $109,200. The cryptocurrency exhibits a triangular structure on the charts, as bulls strive to maintain the price above the short-term ascending trendline.
Market Dynamics and Technical Indicators
The resistance zone just below $109,600 has been tested multiple times, yet momentum remains limited. This is evidenced by a cooling Relative Strength Index (RSI) and low directional movement indicators. The daily and 4-hour charts, however, maintain a bullish trend unless a decisive break below $107,200 occurs.
Bearish RSI Divergence Signals Exhaustion
The 30-minute chart showcases a series of bearish RSI divergences, with the price reaching higher highs while the RSI declines. This indicates weakening upward momentum despite price advances. The RSI has slightly rebounded to 53.8, yet it remains below bullish thresholds.
Moreover, the Moving Average Convergence Divergence (MACD) lines have crossed slightly into negative territory, with histogram bars indicating muted bearish momentum. This lack of follow-through implies a potential equilibrium phase, rather than an impulsive sell-off.
Bitcoin Price: Bollinger Band Squeeze and EMA Support Hold
Current technical patterns suggest that Bitcoin is experiencing a Bollinger Band squeeze, highlighting low volatility and potential for a breakout. Additionally, the Exponential Moving Averages (EMAs) provide solid support, reinforcing a bullish base if these levels hold.
The upcoming weeks will be crucial in determining the direction of Bitcoin’s price. Market participants are advised to watch for any significant breakouts or breakdowns from current levels. For more insights, readers can visit the original source at CryptoRank News.
