Bitcoin price can resume the upward trend if support continues 105,000 dollars – here is how star-news.press/wp

Bitcoin price failed to stay higher than $ 110,000 on Friday 4 July, despite positive job data in the United States. The leading cryptocurrency has returned to about 107,000 dollars, which reflects the current non -decisive situation of the broader encryption market.

While the price of Bitcoin has been moving largely within the past few weeks, it has enjoyed enough bullish support to stay at a high distance of the record of 111,814 dollars. Here is how 105,000 dollars may be the next decisive support for the market pioneer.

The analyst explains the reason for supporting 105,000 dollars

The prominent analyst on the BURAK KESMECI series has moved to the social media platform X to Involve His last evaluation of the bitcoin price. According to Crypto Pundit online, the BTC price is likely to witness an ascending momentum as long as it remains higher than the decisive support of $ 105,799 in the next few weeks.

This prediction depends on UTXO Age, which estimates the average price in which Bitcoin BTC bought for the duration they kept their coins. Specifically, Kesmeci highlighted the age group for a week to 1 month (green line) as one to watch.

Source: @burak_kesmeci

Given a short period, this age range provides an insight into “short -term behavior, and perhaps the total market morale. As shown in the above chart, this age range was an important support pillow for the leading cryptocurrency in June 1, 2025.

As of the time of the publication of the post on X, the age range for a week to one was about 105,799 dollars, which means that the BTC price can depend on this level for support.

The logical basis behind this diagnosis is that STH, with the basis of the cost about 105,799 dollars, is likely to defend its sites by buying more coins when the bitcoin price returns to this level, which leads to the formation of the support pillow and the maintenance of the price and standing it.

Kesmeci noted that investors can expect more positive price movement as Bitcoin remain higher than the support level of $ 105,799.

Bitcoin price at a glance

From writing these lines, the BTC price sits a little higher than 108100 dollars, which reflects a decrease of more than 1 % in the past 24 hours. Despite reaching the highest level in seven days of $ 110,300 and the lowest level in about 105,430 dollars, the first cryptocurrency is now returning as the week started. According to data from Coingecko, the Bitcoin price increased by only 1 % on the weekly timeline.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Distinctive image from Istock, tradingvief chart

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