{"id":5631,"date":"2025-07-03T05:00:28","date_gmt":"2025-07-03T05:00:28","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-consolidates-below-resistance-can-it-seal-a-weekly-close-over-107720\/"},"modified":"2025-07-03T05:00:28","modified_gmt":"2025-07-03T05:00:28","slug":"bitcoin-consolidates-below-resistance-can-it-seal-a-weekly-close-over-107720","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-consolidates-below-resistance-can-it-seal-a-weekly-close-over-107720\/","title":{"rendered":"Bitcoin Consolidates Below Resistance \u2014 Can It Seal A Weekly Close Over $107,720?"},"content":{"rendered":"

Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and strengthen market confidence, BTC needs to secure a solid weekly close above<\/a> $107,720.<\/p>\n

Bitcoin Weekly Candle Could Set The Stage For A Run<\/h2>\n

Bitcoin is approaching a make-or-break moment, but if BTC can secure a strong weekly close above $107,720, it could trigger a move toward the $130,000 to $135,000 range in Q3. This key level is acting as a resistance zone, and breaking it could unlock a new wave of bullish momentum.<\/p>\n

SatheMeme_Expert unstoppable rally that shattered resistance and fueled one of the strongest bullish legs of the cycle.<\/p>\n

\"Bitcoin\"<\/p>\n

The weekly chart shows Bitcoin is trading within a well-defined historical parallel channel. As upward moves. If this pattern continues, BTC could be on track to reach the $150,916 target in October 2025. The channel provides a roadmap, with key breakouts that signal the start of rallies. Alongside, price dips will serve as accumulation zones.<\/p>\n

Crypto analyst Gemxbt also highlighted<\/a> that Bitcoin’s 1-hour chart is currently in a downward trend, but the price is attempting to bounce off a support zone near $106.500. So far, this area is holding firm, providing a foundation for buyers to step in, and technical indicators support this potential shift.<\/p>\n

The Relative Strength Index (RSI) is recovering from oversold levels, hinting that selling momentum is waning, while the Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover, which could signal the start of upward momentum. However, for a meaningful reversal to hold, BTC must overcome the critical resistance near $108,500. A breakout above with sustained volume will be crucial to confirm the trend and bullish momentum.<\/p>\n

Consolidation Phase Matures \u2014 Breakout May Be Imminent<\/h2>\n

BTC is consolidating inside a descending channel formation on the daily chart, a pattern that typically reflects a phase with a broader trend. Dynamite Trader emphasized<\/a> that BTC is currently trading above the 50-day moving average (MA 50), a technical level that is now solid for the bulls.<\/p>\n

A breakout above the descending channel would mark a shift in sentiment and momentum, potentially triggering a bullish continuation toward the $120,000 region, the next psychosocial target on the macro chart.<\/p>\n

signaling a shift in momentum. BTC is now consolidating above the resistance, which has turned into support.<\/p>\n

This consolidation above the breakout levels is a bullish continuation signal seen before the next leg higher. MiraCrypto noted that as long as BTC holds this zone, the path remains open for a move toward $135,000.<\/p>\n

\"Bitcoin\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is at a pivotal point, and the weekly close could define its next move. To confirm bullish continuation and strengthen market confidence, BTC needs to secure a solid weekly close above $107,720. Bitcoin Weekly Candle Could Set The Stage For A Run Bitcoin is approaching a make-or-break moment, but if BTC can secure a…<\/p>\n","protected":false},"author":1,"featured_media":5632,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[22,29,32,34,35,36,2741,2147,2742,2743,2744],"class_list":["post-5631","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btc-price","tag-btcusd","tag-btcusdt","tag-dynamite-trader","tag-gemxbt","tag-miracrypto","tag-pinnacle_crypto","tag-sathememe_expert"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5631","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=5631"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5631\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5632"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}