{"content":"Bitcoin Price Coiling Up — Is a Surge Past $110K on Deck? Above $107,500, bitcoin price rose again. BTC is consolidating and may struggle over $110,000. Bitcoin rose beyond $108,500 again. The price is over $108,000 and the 100-hour SMA. The hourly BTC/USD chart shows a short-term ascending channel with support near $109,500. If it remains over $107,850, the pair may rise again. Bitcoin Price Gains Consolidate Bitcoin price rose after breaking $105,500 barrier. BTC started rising around $107,000 after clearing various obstacles. Bullish pressure kept prices over $108,000. Before bears emerged, price surged past $110,000. The price made a high above $110,578 and is consolidating gains near the 23.6% Fib retracement line of the upward advance from $105,116 swing low to high. Bitcoin is over $108,000 and the 100-hour SMA. The hourly BTC/USD chart shows a short-term ascending channel with support near $109,500. Near $110,000 is immediate upward resistance. First major resistance is at $110,500. A close above $110,500 barrier might boost prices. If the price rises, it may challenge $112,000 barrier. More advances might push the price beyond $113,200. BTC Downside Correction? Bitcoin may fall again if it fails to break $110,000. Support is between $109,500 and the channel trend line. Near $108,800 is the first substantial support. The next support is approaching $107,850, the 50% Fib retracement level of the rise from $105,116 swing low to $110,578 high. More losses might push the price toward $106,400. BTC may continue to fall below $105,000, the primary support. The technical indications Hourly MACD - MACD is falling in the positive zone. Relative Strength Index hourly BTC/USD RSI is over 50. Major Support Levels: $108,800, $107,850. Major Resistance Levels: $110,000, $110,500. #BTCReclaims110K #TrumpVsMusk #StrategyBTCPurchase #REX-OSPREYSolanaETF $BTC $ETH $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/04/531a7d4eaa9a4302a7745f78ec93e975.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}