{"id":5588,"date":"2025-07-01T05:00:25","date_gmt":"2025-07-01T05:00:25","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-holds-steady-bullish-monthly-structure-suggests-rally-continuation\/"},"modified":"2025-07-01T05:00:25","modified_gmt":"2025-07-01T05:00:25","slug":"bitcoin-price-holds-steady-bullish-monthly-structure-suggests-rally-continuation","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-holds-steady-bullish-monthly-structure-suggests-rally-continuation\/","title":{"rendered":"Bitcoin Price Holds Steady \u2014 Bullish Monthly Structure Suggests Rally Continuation"},"content":{"rendered":"<p><em>Bitcoin price started trading in a range below the $108,800 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance.<\/em><\/p>\n<ul>\n<li>Bitcoin started a downside correction from the $108,800 zone.<\/li>\n<li>The price is trading below $107,500 and the 100 hourly Simple moving average.<\/li>\n<li>There is a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair could start a fresh increase if it stays above the $105,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Eyes Fresh Gains<\/h2>\n<p>Bitcoin price started a fresh increase above the $105,500 zone. BTC gained pace and was able to climb above the $106,500 and $107,200 levels to enter a positive zone.<\/p>\n<p>The bulls pushed the price above the $108,000 resistance and the price tested the $108,800 zone. A high was formed at $108,792 and the price recently corrected gains. There was a move below the $107,500 level. A low was formed at $106,800 and the price is now consolidating losses.<\/p>\n<p>There was a recovery above the 23.6% Fib retracement level of the downward move from the $108,792 swing high to the $106,800 low. Bitcoin is now trading below $107,500 and the 100 hourly Simple moving average.<\/p>\n<p>On the upside, immediate resistance is near the $107,400 level. There is also a bearish trend line forming with resistance at $107,400 on the hourly chart of the BTC\/USD pair. The first key resistance is near the $108,000 level and the 50% Fib level of the downward move from the $108,792 swing high to the $106,800 low.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-780517\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Bitcoin.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>A close above the $108,000 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level.<\/p>\n<h2>More Losses In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $108,000 resistance zone, it could start another decline. Immediate support is near the $106,800 level. The first major support is near the $106,500 level.<\/p>\n<p>The next support is now near the $105,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $106,800, followed by $106,500.<\/p>\n<p>Major Resistance Levels \u2013 $108,000 and $108,800.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started trading in a range below the $108,800 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a downside correction from the $108,800 zone. The price is trading below $107,500 and the 100 hourly Simple moving average. There is a bearish trend line forming with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5589,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-5588","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5588"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5588\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5589"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}