As of July 4, 2025, the Bitcoin market continues to captivate investors’ attention. The current price of Bitcoin stands at approximately 109,153, with a slight 0.08% increase over the past 24 hours. Technical analysis suggests that Bitcoin is in a consolidation phase, attempting to break through the key resistance level of 110,500, which has previously acted as a significant barrier to further upward movement. Analysts believe the market is gearing up for a major move. Charts indicate the formation of bullish patterns, such as the cup and handle, which could signal a continuation of the upward trend. However, some analysts point to bearish signals, such as RSI divergence and waning momentum, which could lead to a price correction toward 103,000 or even 100,500. Fundamental factors are also at play. Institutional buying continues to drive demand, with major companies like MicroStrategy adding to their Bitcoin holdings. This reflects growing confidence in Bitcoin as a store of value. However, geopolitical tensions and volatility in traditional markets, such as oil, could impact Bitcoin’s price trajectory. Key support levels are situated between 106,500 and 107,150, which have historically served as reversal points. A break below these levels could see prices drop to 100,500. Conversely, a breakout above 110,500 could propel Bitcoin toward $115,000 or higher. For investors, a prudent strategy might involve buying at support levels and waiting for a confirmed breakout above resistance. Given the high volatility of the crypto market, risk management is critical. Utilizing stop-loss orders and closely monitoring charts is highly recommended. Overall, the short-term outlook for Bitcoin appears bullish, but traders should remain vigilant about key levels and fundamental news. Will Bitcoin reach a new all-time high soon? The answer depends on several factors that will become clearer in the coming days.