Bitcoin's price movement is under scrutiny as traders question whether it can close above $108,000 by July 4. Currently at $106K, the odds of surpassing the target have fallen to 30%, down from a 50-50 split just the day prior. Charts reveal multiple failed attempts to breach the $107,500-$108,000 zone, suggesting a significant resistance level. Technical indicators indicate weak momentum, with an Average Directional Index (ADX) below the crucial 25 threshold. Bitcoin's ability to touch $108,000 before the weekend is plausible, but closing above it appears unlikely. Traders must consider historical rejection rates, momentum divergence, and lowered trading volumes due to the upcoming holiday weekend. Analysts believe external factors could still impact price outcomes significantly, despite the bearish indicators. The imminent deadline and the lack of institutional support during the weekend may complicate efforts to maintain price levels. Key resistance points to monitor include $108,000 and critical support at $105,000, with the next resistance above $110,000.

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