Bitcoin Price Analysis (07 Jul 2025): BTC Stalls Below $110K With Correction Still on the Table

Bitcoin is currently trading around the $109,000 mark and continues to move sideways on the lower timeframes. This aligns with our previous analysis, where we noted a lack of momentum in the market. Price action suggests Bitcoin may remain in this consolidation phase a bit longer, with a potential retest of lower levels before any breakout attempt. Despite the slow pace, the bullish flag pattern on the daily chart remains valid, and that continues to support a bullish outlook over the coming weeks. With that in mind, let’s take a closer look at how price is reacting across the lower timeframes.

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Analyzing the Charts

If we zoom in on the 1-hour timeframe, it’s clear that Bitcoin has been stuck in a tight range for the past few days. Price continues to move between support at $106,500 and resistance at $110,500, with no real signs of strength in either direction. Volume has also remained low during this period, which adds to the indecision and confirms that the market is still waiting for a catalyst.

Looking at the 4-hour timeframe, the picture becomes a bit clearer. Bitcoin has been forming a series of higher highs and higher lows, but the structure is starting to take the shape of a rising wedge. While this might look like strength on the surface, rising wedges often signal weakening momentum. This pattern doesn’t suggest an immediate breakdown but does support the idea that the price may continue to move sideways or correct slightly before making any decisive move.

If this structure plays out in the short term, which looks likely for now, we could see a breakdown from the current range. In that case, the next level to watch would be the $104,000 area. As highlighted in previous analyses, there’s still a strong possibility that Bitcoin dips below $100,000 before starting its next bullish leg in the weeks ahead.

We're also keeping a close eye on the $110,500 level. As Bitcoin continues to move within the rising wedge, this area sits near the top of the pattern and could act as resistance. If the price gets rejected here again, it could trigger a move to the downside and potentially open up a short trade opportunity.

Final Takeaway: What is Next for Bitcoin (BTC)?

Bitcoin is currently trading around the $109,000 mark and continues to move sideways on the lower timeframes. The price is still holding within a consolidation range, and short-term structure suggests a possible correction before any breakout. The $110,500 level remains a key resistance, while a breakdown could push the price towards $104,000 or even below $100,000. Overall, the bigger picture still leans bullish, but in the short term, some caution is warranted as the market works through this phase.