Bitcoin is currently priced just above $109,000, with traders showing mixed sentiments about its ability to break through resistance levels before the July 11 deadline. Charts indicate that Bitcoin is at a crossroads, with a symmetrical triangle pattern forming, suggesting that a breakout is possible but uncertain. Momentum indicators reflect the conflicting views, with a bullish price structure hinted by Bitcoin’s 50-day EMA staying above the 200-day EMA, yet the weak Average Directional Index indicates insufficient market strength for a decisive move. Notably, the Squeeze momentum indicator presents divergence across timeframes, signaling potential sharp directional shifts. With little momentum and various resistance points, such as the psychological $109,000 level, traders remain skeptical. Without clear upward price movement and accumulation, the likelihood of closing above the target decreases as time progresses, subject to external market influences that could further affect Bitcoin’s price.

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