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Bitcoin Nears Crucial 4H MA 200 – Can Bulls Step In? | Bitcoinist.com
Related Reading: Fresh Capital Keeps Pouring Into Bitcoin – Matching 2021 Bull Market InflowsThe current consolidation places Bitcoin just above $105,000, a level that many analysts are watching closely. According to top analyst Big Cheds, BTC is now approaching the 4-hour 200 moving average (MA), a historically significant dynamic support during previous bull cycles. A bounce from this level could confirm ongoing bullish momentum, while a failure to hold it might expose the market to further downside and trigger a broader risk-off move across crypto.
With altcoins also experiencing pressure, market participants are closely monitoring BTC’s next move to gauge broader sentiment. If bulls manage to defend key support and reclaim higher levels, the uptrend could resume. However, the coming days will be crucial, as Bitcoin navigates between technical structure, macroeconomic stress, and market-wide liquidity shifts.
Bitcoin Tests Support As Market Awaits Directional Break
Bitcoin is now testing a critical demand zone around the $103,000 level, following a sharp rejection from the $112,000 all-time high. After several failed breakout attempts in recent days, momentum has shifted, and BTC is pulling back amid a broader market cooldown. The move has increased short-term uncertainty, but the price still remains within a high-timeframe bullish structure.
Macroeconomic tensions continue to shape the crypto landscape, with rising US Treasury yields pointing to deeper systemic stress. Investors are navigating heightened volatility as global markets react to ongoing US-China trade disputes and mixed economic signals. Despite this, Bitcoin’s pullback may present a healthy consolidation phase rather than a trend reversal, provided bulls defend critical support levels.
Cheds highlights that Bitcoin is fast approaching the 4-hour 200 moving average, currently near $102,500. This is a historically reliable dynamic support level that has marked key reversal points in previous bull phases. A successful defense of this level could signal the end of the retracement and initiate the next leg higher. However, a breakdown below it could open the door for a deeper correction toward the $98K–$100K zone.
Related Reading: Bitcoin Indicator Shows Bears Dominate Market With Rising Volume – Details
BTC Tests Daily Support Zone After 7% Retracement
Bitcoin is now trading near $103,300, testing the key support level marked by the previous range high at $103,600. After reaching a new all-time high at $112,000 earlier this week, BTC has pulled back over 7%, triggering a wave of uncertainty across the market. This support zone aligns with the 34-day EMA at $102,548, making it a pivotal area to watch for bulls aiming to regain momentum.
Related Reading: Bitcoin Total Whale Holdings Confirm Accumulation Trend – A Sign Of Rising Prices? A bounce from current levels would confirm $103,600 as a new support floor and open the door for another attempt to reclaim the $109,300 resistance. However, if bears break below this zone, downside risk increases with the next major demand area around $98,000. With macroeconomic stress building and Bitcoin’s previous rally overextended, consolidation at this level may be necessary before the next leg up.
Featured image from Dall-E, chart from TradingView