empty
26.05.2025 11:35 AM
Bitcoin Holds Above $107,000

Bitcoin has resumed its upward movement and already surpassed the $109,900 level after a solid correction to the $106,000 level over the past weekend. The fact that price held above $107,000 and rebounded strongly from it maintains a positive outlook for the cryptocurrency market.

This image is no longer relevant

This price level has clearly become a significant support zone, indicating that buyers are stepping in aggressively to prevent further declines. The bullish market scenario is also supported by several key factors. First, institutional interest in cryptocurrencies—particularly Bitcoin—continues to grow, strengthening the market's fundamental base. Large investors view cryptocurrencies as a means of portfolio diversification and a hedge against inflation, which fuels capital inflows. Second, the ongoing development of blockchain technology and its expanding use cases are creating new growth opportunities.

However, despite the optimistic outlook, it's important to remain aware of the risks. Crypto volatility remains high, and considering that we are trading near Bitcoin's all-time highs, buying at these levels can be risky. Regulatory shifts, macroeconomic factors, and geopolitical events can rapidly influence price. Therefore, while holding $107,000 and bouncing from it provides a positive backdrop, investors should remain cautious and make well-informed decisions, weighing all potential risks and opportunities.

This image is no longer relevant

Trading Recommendations

Bitcoin (BTC): From a technical perspective, buyers are now targeting a return to the $110,000 level, which opens the door to $110,700, and from there it's a short climb to $111,400. The furthest bullish target lies near $112,200—a breakout above this level would confirm further strengthening of the bull market.

This image is no longer relevant

In the event of a pullback, buyers are expected at $109,000. A drop below this level could quickly drive BTC toward $108,200, with a deeper support level around $107,300.

Ethereum (ETH): A firm close above the $2,588 level has opened a clear path to $2,625. The next key bullish target is $2,667, and a breakout above it would confirm a new bullish trend. If ETH declines, buyers are expected at $2,548. A move below this area could push ETH down toward $2,520, with the final support zone near $2,490.

What's on the Chart:

  • Red levels: support and resistance zones where prices are expected to either pause or see strong reactions.
  • Green line: 50-day moving average
  • Blue line: 100-day moving average
  • Light green line: 200-day moving average

Price interaction with moving averages (crosses or retests) often halts or initiates momentum in the market.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Crypto market resilient despite dollar volatility

BTC/USD is rising again today after yesterday's dip, overall maintaining its bullish momentum. Fundamentally, conditions continue to support BTC/USD growth in the medium term. The global economic and market landscape

Jurij Tolin 14:14 2025-07-08 UTC+2

Japan's digital bank by Metaplanet

While Bitcoin stubbornly refuses to decline, fueled by massive demand from ETF funds, the Japanese firm Metaplanet is planning to use its Bitcoin reserves to create the first digital bank

Jakub Novak 13:46 2025-07-08 UTC+2

Trading tips for crypto market on July 8

Both Bitcoin and Ethereum remain on a sound footing, poised to continue a bullish trend. As long as BTC continues trading above the $105,000 mark, the odds of further growth

Miroslaw Bawulski 12:16 2025-07-08 UTC+2

Clarity act on digital asset market gains support

Bitcoin and Ethereum have returned to the channels in which they spent most of last week. While Bitcoin has yet to break above the $109,000 mark, the prospects

Jakub Novak 11:00 2025-07-08 UTC+2

Elon Musk's America party advocates for Bitcoin and digital assets

The recently formed political party, America Party led by Elon Musk, will support Bitcoin. This was announced by the Tesla CEO himself on social media. "Fiat is hopeless

Jakub Novak 15:31 2025-07-07 UTC+2

Bitcoin will test its Support.1 after successfully breaking through and closing below the Uptrendline intraday chart, Friday, July 4, 2024.

Bitcoin – Friday, July 4, 2025. With an inflow into the Bitcoin ETF around USD$ 50 billion, it shows strong interest from investors, thus strengthening the legitimacy of this cryptocurrency

Arief Makmur 07:58 2025-07-04 UTC+2

Ripple has the potential to correct and weaken down to the Support level of 2.1924, Friday, July 4, 2025.

Ripple – Friday, July 4, 2025 Friendly regulatory pressure and the case with the SEC that seems to be stopped and open interest in the derivatives market that has jumped

Arief Makmur 07:58 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 4

Bitcoin has encountered significant resistance around $110,000, and it is unlikely to break through this level easily in the near term. Ethereum is also facing difficulties moving above the $2,600

Miroslaw Bawulski 07:27 2025-07-04 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 3

Bitcoin and Ether have resumed growth, reaching new weekly highs amid favorable macroeconomic conditions. Over the past 24 hours, Bitcoin has risen by 2.5%, trading above $109,000. Ethereum also advanced

Miroslaw Bawulski 08:47 2025-07-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 2

Bitcoin continued its correction and during today's Asian trading session reached a new level of $105,000. Ethereum also dropped significantly but was quickly bought back, stabilizing around $2,425. Meanwhile

Miroslaw Bawulski 08:33 2025-07-02 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.