Bitcoin Breaks Major Resistance again : Watch this before you Celebrate! by rkploy786

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hive-197685 · @rkploy786 · 2025-07-03T11:55:39+00:00

$3.20

Bitcoin Breaks Major Resistance again : Watch this before you Celebrate!

Hello everyone,
How are you all? I hope everyone is fine and doing great in their life.

I have been sharing my analysis for bitcoin, hive, crypto market since last few weeks and today we are here to do that again. In the screenshot below you can see our chart analysis with all the previously used data which has worked quite well for us in predicting the market movement.

![](https://images.ecency.com/DQmQWgpkAPypmjwZVfRCKcdcAfhP7ovk2Exo6P2XzyLNsPC/image.png)

Currently all those trendlines are working as support for bitcoin. We can ignore the last two trendlines for now and focus of the others. In fact we can ignore the last three trendlines and see the remaining of them as the third last is the support of bitcoin at 93k USD mark which I think will not be tested anytime soon.

![](https://images.ecency.com/DQmSKPvZCcG9sLWPaiJ6WwKPdG8dSysiumWDD7TKF6vDRSw/image.png)

The diagonal trendline was drawn for the first time on our chart analysis for bitcoin and that diagonal line has acted as a resistance since May. It has been more than a month after which bitcoin has broken that resistance but I still think that is not a confirmation for a bullish move.

I will share a separate trendline with all of you here which will make things clear for us. Have a look at that trendline below and we have drawn it at the same time frame chart after removing all the other trendlines for better clarity of the chart.

![](https://images.ecency.com/DQmZqfYqEaan53oRGtPhunw1KA7V5iggxaTWzqjJi4KuKrr/image.png)

In the screenshot above we can see that the pink resistance was broken twice before this time and that is why we can not be sure of bitcoin reaching a new all time high even after getting a breakout to that resistance trendline. Though it is a strong move by BTC and it can take us to new highs as well.

Things we have to monitor are market sentiments. We also have to remember that how there are tensions between Trump and Musk. We can not forget that on 9th July the tariffs will continue again unless and until trump announces to extend the paused implemented 90 days back.

Technical analysis is not enough at this moment and we have to analyze the fundamentals as well. That is why even after breaking the resistance and entering the zone from where bitcoin last set an all time high we are still not sure about the move we can expect in coming days.

![](https://images.ecency.com/DQmc3YjRhFAHFxBECiAUqmaJvQimCC8DffsdExwrstqcQYL/image.png)

<a href="https://alternative.me/crypto/fear-and-greed-index/#google_vignette">Source</a>

For spot traders just hold on to your coins and the people involved in futures should avoid leverage. Also as you can see in the screenshot above, the market is at the greed side and I think a liquidation is on the way. What are your thoughts? Share with me in the comments below and I will love to read them.

Thank You and make sure to check Crypto Company services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.

👍 ecency, indiaunited, cryptocompany, bala41288, ccceo.voter, ace108, solymi, powerpaul, ccceo.invest, hmvf, bobinson, ccceo.voter2, good-karma, muterra, bhattg, etblink, codingdefined, pixelfan, kanibot, jatinhota, happydolphin, balaz, reachdreams, esteemapp, kannannv, oadissin, blumela, ahmadmangazap, bozz.sports, chandra.shekar, arka1, steem-holder, sayee, eolianpariah2, flexnet, argo8, heteroclite, imacryptogeek, deimage, lifecruiser, manojbhatt, balvinder294, ecency.stats, esteem.app, karishmasingh711, tebesc, inuke, sunisa, photolovers1, the-lead, hivelist, bsameep, okarun, brobang, kamaleshwar, drwom, thelogicaldude, bloghound, suarlex, sekani, ccceo.rewards, disha30, yoieuqudniram, beauty197, and 41 others

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ace108	527,137,349,652	11%
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cherryng	1,032,602,138	1.74%
catharsis	762,254,871	4.36%
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indiaunited-bot	556,294,835	15%
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yoieuqudniram	1,342,832,853	4.36%
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linlove	586,174,164	8.72%
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@ccceo.voter · 2025-07-03T17:31:18+00:00

[@PowerPaul:] <h5>Hey buddy. Greetings! Because of your participation in the CryptoCompany community you received a vote from @CryptoCompany and its trail! Thank you for your participation in the "<a href="https://peakd.com/@cryptocompany/engdeu-banner-for-boost-a-fair-exchange-to-grow-together">Banner for Boost</a>" campaign.<br>Hive a great day!</h5>
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</div>
<div class="pull-left">
<a href="https://cryptocompany.ceo/voteview.php" target="_blank"><img src="https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/cryptocompany/Ep5pgFovgwRTq6q4tSPcEWz7L42uBdKfzEc8mseEXnG4xxNRG74VZidt2UdfsibAN84.png"></a>
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</div>
<sup><sup><sup><sup><sup><sup><sup><sup><sup><sup>!LOLZ</sup></sup></sup></sup></sup></sup></sup></sup></sup></sup>

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@lolzbot · 2025-07-03T17:32:06+00:00

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@indiaunited · 2025-07-04T03:22:15+00:00

Indiaunited Curation 1751599336057

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<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

properties (22)

@reachdreams · 2025-07-03T12:58:21+00:00

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