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Bitcoin is facing resistance just below its $112,000 all-time high, struggling 
to break into price discovery as the market gains momentum. After reaching a 
high of $110,500 yesterday, BTC has retraced over 2%, but price action remains 
bullish. Traders are closely watching this consolidation, which may act as a 
springboard for a decisive move upward. Related Reading: Ethereum Forms Rising 
Wedge Pattern – $2,200 Support Back In Focus? According to top analyst Ted 
Pillows, multiple technical indicators support a bullish outlook. Notably, 
Bitcoin has just confirmed a bullish MACD crossover on the daily timeframe, 
which is often a precursor to upside continuation. Adding to the bullish case 
is Bitcoin’s highest monthly close in history, a key psychological milestone 
that could bring new inflows and spark renewed interest from sidelined 
investors. The current setup points to a market that’s primed for upside, 
provided buyers can reclaim the $112K level. As macroeconomic uncertainty 
fades and bullish momentum builds across the crypto space, Bitcoin could soon 
enter uncharted territory. All eyes are on the next few sessions as BTC tests 
critical levels with strong technical backing. Bitcoin Nears Crucial Breakout 
Phase Amid Bullish Momentum Bitcoin has gained over 10% since June 22, 
climbing from local lows near $98,000 to current levels around $108,000. This 
steady advance reflects renewed optimism across the crypto market, but the 
asset now enters a critical phase. Price action has stalled just below the 
$112,000 all-time high—a resistance level that has capped Bitcoin’s upside 
since late May. The coming days will be decisive, as a breakout above this 
level could trigger price discovery, while a rejection may open the door for a 
broader pullback. Despite the short-term uncertainty, the long-term outlook 
remains firmly bullish. Many analysts argue that an eventual move beyond $112K 
is inevitable, driven by favorable macro trends, strong institutional 
interest, and growing demand for spot ETFs. Still, caution is warranted. A 
failure to hold current support levels—especially the $105,000–$106,000 
zone—could lead to a drop below $100,000 and shake out overleveraged 
positions. Ted Pillows remains confident, stating, “You can’t be bearish on 
Bitcoin now.” His view is based on a confluence of technical factors: a 
confirmed bullish MACD crossover, a clean support retest, and Bitcoin’s 
highest monthly close on record. These signals, combined with steady momentum, 
suggest that a new all-time high could be just days away. Related Reading: 
Chainlink Consolidates Above Key Support – Bulls Eye $20 Range BTC Faces 
Rejection At $109K, Eyes Key Support At $106K Bitcoin’s price is consolidating 
after failing to hold above the $109,300 resistance level, as seen on the 
4-hour chart. After briefly tapping above $110,000, BTC retraced and is now 
hovering around $107,961. This rejection suggests that the all-time high zone 
remains a major obstacle for bulls despite the ongoing uptrend. Price is now 
testing the 50 SMA (blue line), currently acting as dynamic support, while the 
100 and 200 SMAs (green and red) below provide a broader safety net in the 
$106,000–$106,500 region. The key level to watch remains $109,300. A decisive 
break and close above this level on strong volume would likely signal the 
start of price discovery. However, if bears manage to push BTC below $106,000, 
we could see a retest of the $103,600 support—an area that has held multiple 
times since late May. Related Reading: Ethereum Looks Strong Despite 
Volatility – $10,000 Price Target Gains Momentum Volume is relatively low 
compared to previous impulse moves, indicating that the current pullback may 
be a healthy pause rather than a trend reversal. For now, Bitcoin’s structure 
remains bullish, with higher highs and higher lows intact. If bulls can defend 
this support zone and regain momentum, a new attempt at breaking $112,000 may 
come sooner rather than later. The next 48–72 hours will be critical. Featured 
image from Dall-E, chart from TradingView

No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook

Hong Kong prepares third batch of tokenized bonds and unveils a sweeping 
digital asset strategy to solidify its role as Asia’s crypto finance leader.

Hong Kong prepares third batch of tokenized bonds, eyes more offerings

5Bet on the 2025 Tour de France with Bitcoin. Compare the best crypto cycling 
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The Chainlink price has impressed at times this year, but it has struggled to 
mount a sustained bullish run over the past few months. Most recently, the 
altcoin demonstrated a strong resurgence by moving from around $13 to just 
beneath $16 in the first half of June. However, the Chainlink price soon 
suffered a severe downturn, reaching as low as $11.2 by June 22. While the 
price of the LINK token has recovered above the $13 level, below are two of 
the critical levels investors should watch out for over the coming weeks. If 
Resistance Is At $15, Where Is LINK’s Next Support? In a recent post on the 
social media platform X, prominent crypto analyst Ali Martinez shared an 
interesting on-chain insight into the current setup of the Chainlink price. 
According to the market pundit, the altcoin could be approaching a critical 
resistance level around the $15 region. Related Reading: Whales Are Loading Up 
on Chainlink (LINK), But Retail Investors Are Still Missing the Signal This 
on-chain revelation is based on the average cost basis of several LINK 
investors. For context, cost-basis analysis examines a level’s capacity to 
function as support or resistance based on the volume of tokens last acquired 
by investors in the price region. As depicted in the chart above, the size of 
the dot represents the amount of LINK tokens purchased within each price 
region and its corresponding strength. The bigger the dot, the larger the 
volume of purchased tokens, and the stronger the support or resistance. It is 
worth noting that the green dots are the support levels, as they are below the 
current price, while the red dots refer to resistance, as they are above the 
current price. According to data highlighted by Martinez, the Chainlink price 
faces a major supply barrier around the $14.88 – $15.32 region, where 10,440 
addresses bought 89.63 million LINK tokens (equivalent $1.36 billion at an 
average price of $15.12). This region could prove to be a resistance to price, 
as investors with their cost basis around the level would likely sell as soon 
as they break even, thereby putting downward pressure on the LINK price. 
Furthermore, IntoTheBlock data shows that the Chainlink price could find 
significant support around the $12.87 – $13.26 bracket, where 20,260 investors 
acquired 53.91 million LINK tokens at an average price of $13.05. The 
rationale behind this is that, when LINK’s price returns to around $12.8, 
investors with their cost basis in and around this level are likely to defend 
their position by purchasing more coins, ensuring the altcoin stays above the 
support area. Chainlink Price At A Glance As of this writing, the LINK token 
is valued at around $13.16, reflecting an almost 4% price decline in the past 
24 hours. Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A 
‘Powder Keg’ Featured image from Waratah Fencing, chart from TradingView

Chainlink Price Continues To Struggle Below $15 — Levels To Watch

With the GENIUS Act and MiCA in full swing, the traditional fiat capital flow 
globally will be represented by stablecoins.