key takeaways:
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Many rejections of bitcoins from $ 110,000 indicate the inability of bulls to maintain high prices.
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The price of BTC can be reduced as $ 105,000 in short term if major levels are lost.
Bitcoin (BTC) bulls were on an attempt to gain support at $ 110,000 on Thursday as US employment figures had overcome the expectations, a blow to expectations of interest-rate cut before September.
This is the third unsuccessful attempt since all high levels of May, doubting bitcoin’s ability to violate $ 110,000 and to enter the price search again.
Bitcoin value risk an intensive improvement
Historically, several rejections near the All-Time High have done before a sharp decline in BTC price.
For example, the bitcoin value was rejected several times in January at a level of $ 107,000, reaching just 2% below the previous all-time on $ 109,000 above 20 January. It was prior to a fall of 14% in two weeks.
Connected: Analysts say
Similarly, the BTC value declined by 18% within 10 days after several rejections from the $ 72,000 resistance level, which was close to the $ 73,800 record high before March 14, 2024.
If history repeats, the BTC/USD pair will fall 14% -18% from the current price levels.
Technical indicators such as the deviation of the recession in the relative power index, where the price is at a high level, but the RSI makes low higher, strengthens resistance to $ 110,000.
Additionally, high-tocharies sell around $ 110,000 and futures in futures markets, pointing to advantage and hesitation between traders, increasing the chances of a pullback.
Taker sells orders to start thunder on this headline pic.twitter.com/zjrr9qnflt
– maartunn (@ja_maartun) July 3, 2025
Major bitcoin value level to view under $ 110,000
Data Pro from cointelegraph markets and Tradingview The bitcoin price at $ 109,100 as $ 110,000 shows trade, a major obstacle. The BTC/USD pair needs to get a clear break above this level to eliminate multimonous consolidation.
Above this, a major supply area extends from $ 110,000 to $ 112,000, which must also be overcome to bring back in search of value.
Conversely, the bears will try to defend $ 110,000 resistance, which will increase the chances of lowering the price.
A major area of interest is between $ 107,500, where currently 50-day simple moving averages (SMA) sits, and $ 106,000, where convergence appears in 100-day and 200-day SMA.
Another area of interest extends from local to $ 105,200 (reached on Wednesday) to $ 104,000 psychological level.
Pseudo -Name Trader Kilaxbate Tells If it loses support between $ 108,000 and $ 107,500, bitcoin can see a deep improvement. The businessman also said that the BTC rally holding the region will be seen at a high level of all time in the next few weeks.
“Catch = I make my short and goal for a sweep of Ath this month.”
BTC/USDT shows the largest liquidity cluster of three-day liquidation hemblet $ 121 million, which is sitting above $ 110,000, Data from coating,
A small squeeze is therefore in the game if the level of $ 110,000 is broken, which can force small vendors to close positions and run prices towards $ 114,000.
On the negative side, the heavy bid order is sitting around $ 108,000, from $ 107,700 to $ 105,000 with the next important cluster band.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
