
Jakarta, Pintu News – Bitcoin continues to show resilience in the market by consolidating below the previous record high of $112,000. Despite some bearish attempts to bring the price down, Bitcoin (BTC) managed to hold above the key support at $105,000. Fast-changing macroeconomic conditions and a new economic package from the US government add up to an interesting dynamic for investors and market analysts.
Bitcoin (BTC) is currently in a strong consolidation phase, suggesting that the market may be preparing for its next big move. With strong support at $105,000, the current market structure favors the bulls as long as this level is not broken. On the other hand, the latest economic package passed by the US Congress signals a phase of aggressive fiscal stimulus, which might accelerate inflation.
History has shown that Bitcoin (BTC) is often considered an effective hedge against fiat currency devaluation, which makes it an attractive investment in these conditions. Evolving macroeconomic conditions, including strong jobs reports and new fiscal policies, provide a boost to Bitcoin (BTC) as a safe haven asset.
Top analyst, On-Chain Mind, notes that the 30-day average funding rate for Bitcoin (BTC) is very low, indicating a lack of excessive greed in the market. This is often a favorable setup for bullish continuation, especially when combined with strong macro conditions.
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Since the beginning of July, Bitcoin (BTC) has increased by more than 3%, with strong support above $107,000. Although there is recurring resistance at the $110,000 level, the underlying buyer strength and growing momentum suggest that Bitcoin (BTC) may be ready to break this resistance.
If Bitcoin (BTC) manages to break $110,000, analysts expect a huge move towards new price discovery, which will bring more bullish momentum to the market.
In addition, technical factors such as low 30-day average funding levels suggest that the market is currently in a neutral to cautiously optimistic state. Quiet periods like this are often a prelude to big moves, especially when strong supply and demand pressures meet a macro environment that favors risk-taking.

The 4-hour chart shows that Bitcoin (BTC) is consolidating in a tight range, with key support at $107,000 and testing resistance around $109,300. This level has repeatedly acted as a local ceiling, with several failed breakout attempts. However, the defense of higher positions by the bulls shows strength and sets the stage for a possible breakout.
The critical support at $103,600 is the line in the sand for the bulls. If Bitcoin (BTC) falls below this level, it will validate the short-term bullish structure and will likely lead to a deeper retracement. On the contrary, a daily close above $109,300 with volume confirmation could trigger a rally towards price discovery above the previous record high.
With currently favorable market conditions and a balanced sentiment, Bitcoin (BTC) is on the verge of a breakout that might define the market trend for the coming months. Investors and analysts alike should take note of these dynamics when assessing the potential and risks in their investments.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.