Bitcoin's Price Structure May Trigger Doubles, Pointing to Potential Peaks at $109,503 and $102,538
In the world of cryptocurrency, Bitcoin (BTC) is currently trading within a narrow range, with support at $105,739 and resistance near $108,699. This tight compression pattern, as outlined in the recent July 2025 reports by analyst Eliz, anticipates an imminent breakout, setting the stage for a potential bullish or bearish move.
Eliz's analysis highlights a decisive moment for Bitcoin at these critical levels. If Bitcoin manages to rally and close above the $108,699 resistance, it could signal the start of a continued upward move, with the next target at approximately $109,503. Conversely, if Bitcoin fails to overcome this resistance and falls below the support level of $105,739, it could retrace further towards $102,538.
The $105,739 support zone is crucial for maintaining the short-term bullish structure, as Bitcoin has historically found buyer interest here multiple times. Volume analysis indicates active trading around this level, which traders are closely watching as a decision point. A confirmed break in either direction could trigger a more decisive trend move.
The structure on Eliz's chart suggests a bullish path if resistance turns into support. A chart posted by Eliz on June 30, 2025, shows a symmetrical setup forming on the 4-hour Bitstamp chart. If the price closes above $108,699, the bullish trigger activates, potentially leading to room towards $109,503.
On the other hand, a clean break below $105,739 would expose Bitcoin to downside pressure, with $102,538 as the next likely stop. This level aligns with the most recent liquidity bounce and sits just above a major consolidation region visible across the mid-June lows.
The current range between $105,739 and $108,699 is being used as a decision zone by traders. Eliz has outlined a "two trigger" system, where confirmation depends on whether BTC breaks above $108,699 or falls below $105,739. All eyes now remain fixed on Bitcoin's reaction near these converging lines.
The price levels at $109,503 and $102,538 have been marked as targets if either trigger activates. Momentum buyers may re-enter at $109,503 if the bullish trigger activates, while a clean break below $105,739 could signal increased downside risk.
The market is described as "coiled," awaiting a breakout either upwards or downwards, with traders monitoring volume and price action near these converging levels for confirmation. Regarding longer-term projections, some forecasts suggest potential continued growth in Bitcoin price through 2025 and beyond, but the immediate technical analysis focuses on the breakout above $108,699 or breakdown below $105,739 as key to determining the near-term trend direction.
A tweet by Eliz, which reached over 120.8K viewers, drew wide engagement across the trading community, reflecting the high interest in Bitcoin's current position and potential moves. Volume around the $105K zone has picked up, indicating active participation, as traders position themselves for the anticipated breakout.
[1] Source: July 2025 Bitcoin Analysis Report by Eliz [2] Source: Various 2025 Bitcoin Price Forecasts [3] Source: TradingView Bitcoin 4-hour Chart (June 2025)
- Traders are eagerly watching the $105,739 support zone in Bitcoin (BTC), as it's a decisive moment for cryptocurrency investors, given its historical significance as a buyer interest point.
- The upcoming breakout in Bitcoin (BTC) could lead to a bullish or bearish move, depending on whether it manages to rally and close above the $108,699 resistance or falls below the support level of $105,739.
- In the world of finance and technology, sports are not the only arena where strategic decisions can lead to significant outcomes. The current tight compression pattern in Bitcoin (BTC) signals an imminent breakout, similar to a decisive moment in a sports game, setting the stage for either continued upward movement or further downtrend.
