Bitcoin's current trading price is just below $108,000, about 8% above the critical $100,000 threshold. Prediction market users on Myriad assign a 64.5% chance that Bitcoin will maintain its position above $100K throughout July, reflecting strong bullish sentiment. However, technical signals indicate potential risks, with low Average Directional Index readings suggesting little current momentum in the market. A breach below $100K, even momentarily, could trigger significant sell-offs, making it a crucial line in the sand. While there are multiple support levels below $100K, Bitcoin must navigate through bearish technical factors including descending resistance and tightening volatility. The next two weeks will be critical as technical perspectives suggest the potential for a higher volatility move, making it challenging yet crucial for Bitcoin to defend its six-figure status throughout the month.

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