Key Bitcoin indicators suggest that the price of BTC takes place for further expansion

Key results:

The basis of Bitcoin costs, MVRV data and other technical indicators suggest that the BTC price is on the right track up to USD 117,000.
Analysts suggest that a breakthrough above 109,000–110,000 USD can push BTC to the fresh highest all time.

Bitcoin (BTC) trades in the “well -defined” range over the past six months, because traders predict a potential breakthrough.

Onchain indicators, including compact -term principles of the owner’s cost (STH), indicate a potential breach up towards USD 117,000 or higher.

Bitcoin price eyes $ 117,000 then

From January, the price of Bitcoins was generally sold to a huge extent, extending from 78,000 to USD 110,000, for data from Cointelegraph Markets Pro i TradingView.

This is a “well -defined” range marked by compact -term costs of cost principles (STH), according to the Analytics Glassnode platform. The basis of STH costs refers to the average purchase price of investors who had bitcoins for less than 155 days.

Related: Making Bitcoin profits gives $ 140,000 USD BTC key price: research

The price affected the upper range of this metric in May for USD 112,000, when it reached the current level of all time. If BTC increases to test the line again, it will probably augment in a compact period of USD 117,000.

“The upper limit of the STH cost base has been tested only once at the end of May and is currently 117 113 USD”, Market Intelligence Company he said In the post of July 2 on X, adding:

“This level can be perceived as the upper team of short -term price.”

Bitcoin compact -term costs of costs. Source: Glassnode

According to market value records (MVRV), measures that measures whether the resource is overstated or not, suggests that the BTC price still has more space for further expansion, before the unrealized profit value reaches the extreme level represented by the upper MVRV belt about USD 123,000.

*Bitcoin: MVRV EXTREME INSITION BANDS. Source: Glassnode*

When did BTC the price emerged?

Meanwhile, the popular trader and Rekt Capital analyst shows that Bitcoin will already test its multi -level line of decreasing.

“How many other rejection from the Daily Down Trend before Bitcoin finally explodes?” He he askedThinking if the level weakened as a rejection point.

The accompanying table revealed that the down trend line in the amount of USD 109,000 is now a key level of breakthrough.

“Bitcoin needs every day approaching above and testing the Down Trend line again as a support to confirm the breakthrough.”

*Daily BTC/USD chart. Source:* *The capital of the perpendicular*

Colleague analyst Jelle Released Bitcoin will explode when it closes above the upper border of the bull flag in the amount of USD 110,000 during the daily period, with a measured target of USD 130,000.

#Bitcoin He is pushing because of a stubborn flag! 👀

Break over $ 110,000, and the first target is $ 130,000. 📈 pic.twitter.com/fwzyzzard

– Jelle (@cryptojellenl) July 2, 2025

According to Cointelegraph, several Bitcoin traders are carefully optimists as to a decisive resistance break of USD 109,000.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.