Matrixport: Bitcoin may break through key resistance levels and move towards a new trading range

2025-07-04 07:04:16
According to the latest weekly report of Matrix on Target, although the price of Bitcoin continues to trade sideways in a narrow range, a number of technical indicators and market data suggest that it may be about to break through key trend line resistance and move towards a new trading range.
According to the report, Bitcoin ETFs have attracted about $14 billion in inflows since April, exceeding the $4 billion that can be explained by spot prices, indicating an increase in institutional investors' acceptance of Bitcoin as a long-term asset allocation. At the same time, Bitcoin volatility has fallen to multi-year lows, with weekly implied volatility remaining only around 30%, lowering the entry threshold for institutional funds.
In terms of seasonal performance, July has historically been a strong month for Bitcoin, with seven rallies in the past decade, with an average gain of 9.1%. Analysts predict that this rally could hit the $116,000 resistance level, supported by external factors such as the Federal Reserve's dovish policy and positive U.S. stock earnings. In optimistic cases, it may extend to $120,000.
It is worth noting that the current crypto market capital efficiency is continuing to decline, and inflows for the full year of 2025 are expected to be lower than the 2024 high, which means that the capital density required to drive bitcoin prices continuously upward has increased significantly, and each dollar invested can only leverage about 2.0 to 2.6 dollars of market value.