The Bitcoin price failed to stay above the $110,000 degree on Friday, July 4, regardless of the constructive jobs knowledge within the United States. The flagship cryptocurrency has returned to across the $107,000 degree, mirroring the present indecisive state of the broader crypto market.
While the Bitcoin worth has been transferring largely inside a variety up to now few weeks, it has loved sufficient bullish assist to remain in touching distance of its document excessive of $111,814. Below is how $105,000 could be the subsequent crucial assist for the market chief.
Analyst Explains Why $105,000 Might Be A Crucial Support
Prominent on-chain analyst Burak Kesmeci took to the social media platform X to share his newest analysis of the Bitcoin worth. According to the web crypto pundit, the worth of BTC is extra more likely to witness upward momentum as long as it stays above the $105,799 essential assist over the subsequent few weeks.
This prediction is predicated on Realized Price UTXO Age Bands, which estimates the common worth at which Bitcoin holders bought their BTC relative to the length they’ve held their cash. Specifically, Kesmeci highlighted the 1-week to 1-month age band (inexperienced line) because the one to observe.
Source: @burak_kesmeci
Considering its quick length, this age band presents perception into “short-term holders’ conduct and, doubtlessly, the overall market sentiment. As proven within the chart above, this age band served as a major assist cushion for the flagship cryptocurrency as not too long ago as June 1, 2025.
As of the time of publishing the submit on X, the 1-week to 1-month age band was across the $105,799 area, that means that the worth of BTC may depend on this degree for assist.
The rationale behind this prognosis is that STH, with their cost basis round $105,799, are more likely to defend their positions by buying extra cash when Bitcoin worth returns to this degree, resulting in the formation of a assist cushion and preserving the worth afloat.
Kesmeci famous that buyers can anticipate to see additional constructive worth motion as long as Bitcoin stays above the $105,799 assist degree.
Bitcoin Price At A Glance
As of this writing, the worth of BTC sits simply above $108,100, reflecting an over 1% decline up to now 24 hours. Despite reaching a seven-day excessive of $110,300 and a low of round $105,430, the premier cryptocurrency is now again round the place it began the week. According to knowledge from CoinGecko, the Bitcoin worth is up by a mere 1% on the weekly timeframe.
The worth of BTC on the every day timeframe | Source: BTCUSDT chart on TradingView
Featured picture from iStock, chart from TradingView
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