![\"Bitcoin\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/GvAJVtWWAAA0Zmz.png?w=860&resize=860%2C484\")
<\/p>\nAs the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst suggests that the flagship crypto\u2019s daily close could set the stage for a bullish end of the week despite potential volatility.<\/p>\n
At the start of the new quarter, Bitcoin has retested crucial levels, touching the $105,000 support and $110,000 resistance over the past four days. Amid its Tuesday pullback, the flagship crypto fell to a two-week low but managed to bounce from a crucial range.<\/p>\n
Analyst Sjuul from AltCryptoGems previously noted that BTC needed a strong rebound from the \u201cmost important\u201d support and resistance area, between the $104,000 and $106,000 price levels, explaining that failing to hold this range would open the door for a drop to the range lows around $101,000.<\/p>\n
On Friday, the analyst highlighted Bitcoin\u2019s price action after holding the key levels, which \u201cprovided the perfect entry for a bounce, just as expected.\u201d Following this performance, he asserted that Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling that potential further expansion is ahead.<\/p>\n
Nonetheless, he pointed out that the flagship crypto is still trading in a two-month range, suggesting a volatile price action until the price successfully breaks out, which it has attempted to do earlier this week.<\/p>\n
\u201cSince we are in a range, we are forced to respect the key levels of the range: high, mid, and low,\u201d Sjuul detailed, adding that all eyes are currently on the mid-range, where bulls must step in to confirm the bullish move to the range high.<\/p>\n
<\/p>\n
Based on this, the analyst forecasted another move above the $110,00 mark, where \u201cwe have left a lot of unfinished business\u201d and \u201cplenty of liquidity lies.\u201d He pointed to a huge cluster near the $111,000 area in BTC\u2019s Liquidity Heatmap, affirming that \u201cprice is attracted by liquidity, so I am expecting that level to be visited sooner or later.\u201d<\/p>\n
After being rejected from the $108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin broke out of two 2-week downtrends in the past 40 days but was rejected from the crucial 6-week diagonal downtrend, around the $108,000 mark, during the same timeframe.<\/p>\n
This week, BTC closed above this resistance twice, and daily closed above the $109,000 mark on Thursday. However, Friday\u2019s pullback saw Bitcoin drop below the crucial level, falling to the $107,245 area.<\/p>\n
![\"Bitcoin\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/GvBT5aSXEAAmXWc.jpeg?w=860&resize=860%2C599\")
<\/p>\n
The analyst considers that a key retest of the pattern is in progress. He previously explained that any dipping into the top of Bitcoin\u2019s pattern could \u201ctechnically be considered additional retesting to further solidify the recently broken black diagonal resistance into new support.\u201d<\/p>\n
Nonetheless, BTC must close today above the diagonal resistance for a successful retest. \u201cBitcoin is losing the diagonal for the moment. But if price Daily Closes above the diagonal, then this will have ended as a downside wick as part of a volatile retest. Upcoming Daily Close will be pivotal,\u201d he stated.<\/p>\n
![\"bitcoin,](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/BTCUSDT_2025-07-04_14-35-31.png?w=860&resize=860%2C475\")
<\/p>\n","protected":false},"excerpt":{"rendered":"