BTC Defends $107,269 Support As Price Climbs Toward $110,117 in Early July Trading

Bitcoin holds steady at $109,613, posting a 2.0% daily price increase.

Support remains firm at $107,269 as bulls defend the recent uptrend.

Resistance at $110,117 marks the next critical level for Bitcoin’s price movement.

Bitcoin (BTC) started July on a high note, extending its growth of the past 24 hours. The asset now trades at $109,613, which is a 2.0% increase in a day. This is an extension of a few days of sustained growth, pointing to ongoing buying pressure.

During the session, Bitcoin was still holding well above the support level of this period, which is $107,269. The 24-hour trading range is also still between $107,269 and $110,117, where the next resistance level lies.

Despite market volatility, the bullish momentum of Bitcoin persists as a new month breaks. The short-term trend appears to favor the buyers as they manage to keep prices above. Traders, however, are still watching for any reaction at the $110,117 resistance level. This is the short-term barrier that is likely to guide the next direction.

Support Holds at $107,269 as Uptrend Persists

During the current session, Bitcoin maintained its position at about $107,269, where previous consolidations have taken hold. This level provided a solid base for buyers to continue driving higher.

Volume in this time was stagnant, pointing to equal market player involvement. Second, Bitcoin's 24-hour low copied almost exactly this level of support, which confirms its robustness. When prices reached this area, purchasers came in, denying the price from falling lower. Looking ahead, this support zone will remain crucial as traders monitor whether Bitcoin can extend the current uptrend further.

Resistance Emerges at $110,117 Amid Upward Pressure

The major resistance at $110,117 poses a technical difficulty as long as the support level remains intact. This price was momentarily tested in session price but has not broken themselves consequently.

It is important to note that this resistance is evolving within its previous rejection areas, indicating possible increased buyer and seller activity. Market reactions toward this degree will continue to be closely monitored as Bitcoin nears this point. The price range between $109,613 and $110,117 now marks a tight zone of interest for short-term market participants.

Bitcoin Maintains Steady Daily Growth

As of now, Bitcoin’s daily growth stands at 2.0%, reflecting steady upward momentum. Price stability above $109,000 highlights sustained buyer engagement in this period.

In the meantime, the range of Bitcoin over the past day is contained in the range of 107,269 to 110,117, which provides a clear signal about the future dynamics of the market. One aspect of interest to traders is whether Bitcoin will have sufficient momentum to climb above the existing resistance levels.