As of July 02, 2025, Bitcoin’s price chart, crafted by "RoadToAMillionClub" on TradingView, paints a concerning picture. Currently hovering at $107,831, the cryptocurrency appears to be teetering at the edge of its upper channel, signaling potential trouble ahead. The recent 0.51% dip may be just the beginning of a more significant decline.
The long-term upward trend, marked by a supportive orange line since 2018, has been a beacon for bulls. However, the green trend line projecting a drop toward the mid-30,000s range, around $37,932, suggests a looming correction. This level, a historical support zone, could become the next battleground as selling pressure mounts.
Market indicators point to overextension, with the price hitting a 4-day and 14-day high of $107,831 before the recent pullback. The speculative fervor that drove Bitcoin to these heights seems to be waning, increasing the likelihood of a bearish turn. Investors should brace for volatility, as the cryptocurrency may struggle to maintain its current altitude, potentially sliding toward the mid-30,000s in the coming months.
The long-term upward trend, marked by a supportive orange line since 2018, has been a beacon for bulls. However, the green trend line projecting a drop toward the mid-30,000s range, around $37,932, suggests a looming correction. This level, a historical support zone, could become the next battleground as selling pressure mounts.
Market indicators point to overextension, with the price hitting a 4-day and 14-day high of $107,831 before the recent pullback. The speculative fervor that drove Bitcoin to these heights seems to be waning, increasing the likelihood of a bearish turn. Investors should brace for volatility, as the cryptocurrency may struggle to maintain its current altitude, potentially sliding toward the mid-30,000s in the coming months.
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🚀 Your Journey to Financial Freedom Starts NOW! 💸🔥
🟩 Discord: edge.forex
🟩 Telegram: t.me/edge_forex_public
✅ Our Verified Results: 📈
fxblue.com/users/roadtoamillion-hr
fxblue.com/users/roadtoamillion-mr
🟩 Discord: edge.forex
🟩 Telegram: t.me/edge_forex_public
✅ Our Verified Results: 📈
fxblue.com/users/roadtoamillion-hr
fxblue.com/users/roadtoamillion-mr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.