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Bitcoin Price Prediction: Will $BTC Hold Above $107K or Break Down?

  • Bitcoin ($BTC) is trading around $107,917, just below the critical $109,000 resistance level after a recent rally from $96,000.
  • A whale bought 567 BTC worth $61.1 million, indicating confidence in Bitcoin’s mid-term outlook despite the market's fear.
  • Technical analysis suggests BTC is consolidating along a rising support line, with key support at $107,000 and resistance at $109,000.
  • Short-term price prediction indicates a potential breakout above $109,000 if the trendline holds, targeting $112,000–$115,000 by mid-July.

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