<ul data-eligibleForWebStory="false">BTC may retest $107k before resuming a rally, currently trading below $109k.Analysts are optimistic about Bitcoin's medium-term performance ahead of Trump's trade deal negotiations in August, expecting a less volatile July.BTC/USD 4H chart indicates bullish momentum, with potential to reach a new all-time high amid positive market sentiments.Failure to defend support at $107,850 could lead to a retest of consolidation zone at $105,333 for Bitcoin.