Bitcoin Teases $105K Shock – 5 Things Bending Reality This Week 🪙🐉

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There’s an old saying on the Disc: when you see a crowd of wizards running towards the Mended Drum, you don’t ask what’s on fire, you ask who. In the case of Bitcoin, the answer might be: Your Emotions. Once again, BTC sidled up to its all-time highs this week, possibly to have a little chat or maybe just to scribble graffiti there.

  • Traders are deciding between “moon time” and “the kind of false move only a conjurer with butterfingers could love.” $105,000? That’s not a resistance, it’s a psych test.

  • July’s weekly close has wizards jotting records in their grimoires and bulls updating their to-do list: 1. Finally beat that pesky final resistance. 2. Buy celebratory socks.

  • US tariffs are back on everyone’s lips – along with the lingering aftertaste of dollar weakness giving risk-asset fans a reason to smile and/or cackle.

  • Funding rates for Bitcoin are doing the limbo while price pirouettes upwards, which could mean a short squeeze. Or just another Monday.

  • Fear & Greed Index says “extreme” greed. Which is somewhere between ‘all-in’ and ‘hold my beer’ for investors. Clearly nothing can go wrong here. 🤡

Bitcoin Liquidity Targets: Because $105K is the New Black 🕵️‍♂️

After an epic case of “wallets that time forgot” woke up to sell coins older than Ankh-Morpork’s sewers, Bitcoin is back to its old self: hovering about $109,000 like it’s waiting for a better offer.

CryptoMoon Markets Pro and TradingView confirm: the charts resemble Omnian prophecy scrolls, but with more laser eyes.

Masterfully conquering the $108,000 ledge, traders are whispering about all-time highs as if scared the price chart might bite them for optimism.

$BTC / $USD – Update

Holding the highs. Just waiting now for the ATH push …

– Crypto Tony (@CryptoTony__) July 7, 2025

Feel it in my flippers that we see $BTC at ATH this week

Market’s got more tailwind than a drunken duck. 🦆💸

– 🐧 Pentoshi (@Pentosh1) July 6, 2025

Trader Daan Crypto Trades, peering into his crystal ball (or possibly just a spreadsheet), notes, “BTC sets its high or low within the first 12 days 80% of the time, then proceeds to do precisely what annoys you.”

“It then…trends the other way 20%+ – which is great, if you like rollercoasters with your investments.”

Material Indicators says price discovery is parked behind a big red wall of ask liquidity at $110,000. It’s like a magical barrier, except made out of money and unresolved trader trauma.

Meanwhile, CoinGlass points to $110,000 as the level to break, with a safety net at $107,800—perfect for anyone who enjoys financial bungee jumping.

CrypNuevo calls liquidations “price magnets.” This might make more sense if you imagine the market as a very greedy wizard, looking for unattended snacks.

He sniffed out another liquidation target at $105,000, cosily snuggled up to the 50-day EMA—right where your hope lies sleeping.

“The main individual liquidation level is $105.2k. A little misdirection? Wouldn’t surprise me – market loves a proper disappearing act,” he mused, as if casting a spell out of habit.

Weekly Close: More Records Than A Vinyl Shop 📈

After the economic equivalent of a wizard dropping his wand (i.e., US macro headlines), Bitcoin capped another record weekly close, galloping to $109,240 on Bitstamp. That’s a nice round number if you’re into numerology or just like showing off weekly candles at parties.

We’re talking 1.8% up for July’s first week, building on June’s 2.8% gains. Don’t spend it all in the one place. Or do – it’s crypto, after all.

Bulls are apparently ‘in control’, though bears would like a word outside, perhaps behind the outhouse.

#BTC completes highest weekly candle close ever 🕯️ 🎉

Bulls are in control

– Matthew Hyland (@MatthewHyland_) July 7, 2025

Matthew Hyland, seer of trends, says holding here could mean ATHs any July minute. Rekt Capital declared, “It is done.”—a phrase last used by Ankh-Morpork bridge engineers before checking if the bridge was actually still there. Probably fine.

“Bitcoin has just about Weekly Closed above the final major Weekly resistance (red), registering its highest ever Weekly Close. Next up? Red turns green, please.”

Tariff Talk: Or, How I Learned to Stop Worrying and Love the Macro 💣

Fed rate-watchers will be squinting at this week’s minutes with the excitement of people at a cabbage auction. The Fed has kept rates still, while President Donald Trump wants them so low they’d need spelunking gear to find them (1% is the new “you won’t”).

Tariff chatter got extra spicy over the weekend – Powell’s blaming tariffs for inflation, the government’s blaming rates, and somewhere, an intern is blaming the coffee machine.

Markets have a whole three weeks of respite before the next tariff deadline, which is plenty of time for markets to panic, recover, and panic again.

“Markets have been pricing this in for weeks,” claimed The Kobeissi Letter, possibly while whittling a stick for emphasis. Nobody’s called America back to negotiate; queue the awkward silence.

Mosaic Asset’s latest gospel: risk-asset performance’s been propped up by a dollar weaker than a goblin conjuring up excuses.

“Dollar had its worst start since 1973,” they said, which is the financial equivalent of your granddad telling you about walking uphill both ways to school—in the snow—barefoot.

Other must-see events: initial jobless claims, assorted Fed speeches, and at least one official trying to keep a straight face while discussing the “balance sheet.”

Funding Rates: When Up is Down and Short is Long 🏇

Bitcoin’s weekly close has brought out the skeptics, who—true to form—prefer being right over being comfortable.

CryptoQuant notes that funding rates are dropping as price rises, meaning traders are opening short positions like it’s a closing-down sale. It’s either brave or a bold misunderstanding of “bullish reversal.”

“This mismatch often means either short liquidations or margin calls—a.k.a. the market providing a free lesson in humility,” says BorisVest. He’d know.

Shorts on Binance are up; so’s the chance that someone somewhere will be eating humble pie for breakfast. CryptoMoon notes that negative funding rates have previously led to explosive upside. You know—if you’re into that kind of thing.

Investor Greed Hits “Dragon’s Hoard” Levels 🐲💰

Bitcoin is mirroring US stocks (and wild optimism), but the broader “macro” scene is less comfortable than the Patrician on a beanbag chair.

The disconnect between market jubilation and economic “oops” moments is getting wider, somewhere between “funny” and “historic.”

CNN’s Fear & Greed Index is clocking in at 78/100—a strong ‘greed’ reading, suggesting many investors would chase a lemming off a cliff so long as they got there first.

Mosaic Asset points out that ultra-bearish sentiment in April triggered a reversal higher, but now the collective market mood has caught up with the price: “Yay, it’s up! Wait, what’s inflation again?”

“Sentiment slow to shift back despite S&P 500 at record highs. But wheels of greed are now in motion…”

Crypto’s own mood ring is at 73/100. The “greed” is so thick it’s attracting dragons, estate agents, and anyone who’s ever said “I bought the dip.” Six points up in 24 hours! Which, in this market, is just another Tuesday. 🐢

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2025-07-07 12:54