On July 2, 2025, Bitcoin's price slipped below $107,000, raising concerns among analysts and investors. This article examines the major factors influencing the drop and potential scenarios moving forward.
Overview of Current Bitcoin Market
Bitcoin's price fell from the $109,000 resistance level to $105,250 intraday, signaling a possible market trend shift. Many analysts continue to monitor the situation, noting that the currency may still be in a 'bull phase' if it remains above key support levels.
Market Analysis and Indicators
CryptoQuant indicators suggest that 'realized cap growth is still high, placing Bitcoin in a ‘bull phase.’' However, analysts also point out that aggressive selling could alter market dynamics. High on-chain activity continues to indicate optimism among investors, although caution remains under market volatility.
Outlook and Expectations
Paul Howard from Wincent stated, 'I will be very surprised if BTC has not broken $110k by the end of this quarter... growing institutional adoption of digital assets is being demonstrated at recent events.' However, the price drop could impact correlated assets if market uncertainty deepens.
The situation in the Bitcoin market requires careful analysis. The price drop below $107,000 evokes varied opinions among experts, with a prevailing cautious optimism overall, while factors influencing potential further declines remain.
