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Bitcoin (BTC) is once again the center of attention as it enters what some analysts are calling a crucial retesting phase. After recording its highest weekly close ever, the top cryptocurrency is now trying to confirm important support levels before making its next big move. Many traders believe this could be the “calm before the storm” — a quiet period that may lead to a sharp price breakout.
Bitcoin Breaks Above Key Resistance
Over the past few days, Bitcoin showed strong momentum and managed to break above a key resistance level around $109,000. On Sunday, it closed the weekly candle near $109,200, making it the highest weekly close in Bitcoin’s history. This move was especially significant because BTC also reclaimed a major diagonal trendline on the daily chart, which is now being tested as support.
Popular crypto analyst Rekt Capital noted that turning this resistance into support is crucial for Bitcoin. If the level holds, it could lead to a move toward new all-time highs. However, he also warned that because the close was just slightly above resistance, this retest might be volatile and unpredictable.
High Timeframe Support Is Holding
Despite the uncertainty, Bitcoin still has strong high timeframe (HTF) support zones. Over the past two weeks, BTC held the upper end of its re-accumulation range around $104,400. This level acted as a solid support in June and is now a base for July’s upside momentum.
In addition, the June monthly close was above $102,464, another key level. After the breakout, this area was retested and is now serving as monthly support. These technical signals suggest that Bitcoin is building a strong foundation — even if price action remains sideways in the short term.
Another level that has drawn attention is $107,244. This price point has acted as support during recent dips and is now part of the broader retesting phase that Bitcoin is undergoing.
The Calm Before the Storm?
Analysts believe that Bitcoin is currently in a “calm before the storm” moment. According to Rekt Capital, BTC is gearing up for its second major price discovery phase — but it may take some time. For now, Bitcoin is stuck in a tight range between $104,400 and $111,000, and unless it breaks out decisively, it will likely continue to move within this band.
Another analyst, Daan Crypto Trades, pointed out a historical trend that could signal what’s next for Bitcoin. He noted that Bitcoin often sets its monthly high or low within the first 12 days of the month, followed by a 20% move in the opposite direction. With July still in its early days, traders are closely watching for a big move — either up or down.
Interestingly, June 2025 was an exception to this rule. BTC remained relatively calm, with small price swings in both directions. This makes July even more unpredictable, as the market waits for a clear trend to form.
What’s Next for Bitcoin?
Bitcoin’s current price action shows that bulls are trying to maintain control, but they need more confirmation before the next rally. A strong daily or weekly close above $111,000 could be the trigger for the next leg up. On the other hand, if support at $107,000 or $104,000 breaks down, the market might see a short-term correction.
However, many analysts believe that Bitcoin’s long-term outlook remains bullish. With institutional demand still strong and macroeconomic conditions improving, BTC could resume its upward trend later this quarter. If history repeats, the end of Q3 or early Q4 might be the moment Bitcoin finally breaks out of its current range.
Conclusion
Bitcoin is once again in a key retesting phase, holding above major support levels after breaking through long-standing resistance. Although the current price action is relatively quiet, analysts warn that this might be the calm before the storm. With BTC trading between $104,400 and $111,000, a breakout in either direction could shape the rest of July 2025.
Traders are advised to watch the charts closely, especially over the next few days, as Bitcoin tends to make decisive moves early in the month. Whether BTC heads toward new highs or dips briefly before bouncing back, one thing is certain — the next big move may not be far away.
