Bitcoin’s first $109K weekly close stirs breakout talk – Here’s what happens now!

• Institutional buyers are again leaning to bitcoins and control renewed confidence across key support zones.
• Bitcoin first closed over $ 109,000, but the resistance still captures upwards.

July 6. Bitcoin [BTC] Locked in its first weekly weekly before $ 109,000-a proficiency exceeds key resistance.

The BTC ended a week at $ 109,226, exceeding the previous maximum of $ 109,004, which launched a shift in the market sentiment.

The sellers rolled over to the buyer, the trust has returned, but the confirmation of permanent escape still hangs in balance.

Bitcoin Technical Breakdown

This level of resistance did not go quietly. In previous attempts to escape, it is pushed three times.

BTC looks ready to immerse towards $ 107, which is the closest middle class support. If this is true, the bulls can regain momentum and focus on the $ 110,000 zone.

Bitcoin must first recover this level with volume than any repeated A ATH test will be valid.

If this level of support is unable to hold, another probable decline may be towards $ 104,984 – another significant support zone.

$ 107k holds a trap for liquidity

Analysis of the heat map of bitcoin disposal on Binance 7th July revealed that BTC is likely to drop to the region $ 107,000, as already mentioned.

This decline is probably because there is almost no liquidation leverage between the price of Bitcoins on July 7 and $ 110,000, as marked in red.

However, there are remarkable liquidity clusters between the current price and the $ 107,000 region. In fact, for exactly $ 107,731.15, the total liquidation lever is $ 85 million.

FUD dies, long -term outlook reinforces

FUD starts disappearing among macro investors and the long -term outlook has regained dominance.

7th July destroyed the days of binary coins (CDD) -Indicator of long-term investors-n Cryptoquant He showed a significant decline, suggesting that the main players have continued to hold their assets rather than selling.

This indicated that long -term investors who usually check large BTC volumes have stopped their sale and added further confirmation that the probability of a significant decline is low. Adds confidence for the ongoing rally.

Also, another move dealt with the behavior after accumulation after the honor.

According to Coinglass data Institutional investors were thrown by BTC once from 9 June – ie July 1, on a pure inflow of ETF Bitcoin Spot ETF.

But the sale was short -term.

Within a few days, the institution bought back over $ 1 billion in BTC, which further consolidated the long -term bull tilt.

Profitable

Cryptoquant’s Nets realized and loss decreased significantly from July 4. After reaching a total of $ 9.08 billion, he reached sharply, with the realized profit sitting on July 7 at only $ 315 million.

It is more emphasized that stock exchange addresses have also dropped to only 22,000, which has been low since 2016.

This is a strong signal: Bitcoin’s first strategies are dominated again, while investors prefer cold wallets over quick exits.

In fact amberpato earlier reported that the whales continued after accumulation after the year -round hiatus. The wider market euphoria for sale has decreased.

Whale, which held between 10,000 and 100,000 BTC in March and July. During this time, the BTC achieved high profitability, but the whale behavior remained patient. They didn’t sell – they accumulated.