The post Bitcoin Holds Above $108K Amid Building Momentum and Institutional Interest, Awaiting Breakout Confirmation appeared on BitcoinEthereumNews.com.

Bitcoin maintains a strong foothold above $108,000, signaling potential breakout momentum amid growing institutional interest and robust support levels. Market indicators reveal smart money accumulation and low volatility, suggesting a strategic buildup ahead of a possible upward surge. According to COINOTAG, traders are closely monitoring the $110,000 resistance, balancing optimism with prudent risk management. Bitcoin holds firm above $108K with strong institutional support and bullish momentum, eyeing a breakout past $110K amid cautious trader optimism. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Bitcoin’s Technical Indicators Signal a Strong Uptrend Above $108K Bitcoin’s recent price action demonstrates a notable rebound of approximately 20% from its recent low near $90,858, underscoring a robust bullish momentum. The cryptocurrency consistently trades above key moving averages, reinforcing the prevailing uptrend and instilling confidence among investors. Volume metrics further validate this strength, with sustained institutional inflows and a balanced perpetual inverse swap market indicating a healthy demand environment. Importantly, funding rates remain stable, suggesting that the market is not currently burdened by excessive leverage, which often precedes sharp corrections. Analyzing the three-day chart reveals a pattern of higher highs and higher lows, a classic hallmark of a bullish market structure. This technical setup has attracted momentum traders who are initiating long positions near the $108,000 mark. Such activity positions Bitcoin to potentially challenge the critical resistance zone between $110,000 and $112,000, a level that…

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Filed under: News - @ July 5, 2025 1:28 pm