Bitcoin About to Take a Tumble? $105,000 Is the Only Fence Between Us and the Outhouse

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Well now, gather ’round, because it appears the price of that newfangled bit-currency contraption — Bitcoin — couldn’t quite muster the courage to stay above $110,000 this fine Friday, July 4th. Seems even a boatload of cheery job news from the U.S. couldn’t save it from tiptoeing back to $107,000. Markets, much like cats at a rocking-chair convention, remain indecisive and a tad nervous about what’s next.

Despite all this wandering ‘round the pasture, Bitcoin hasn’t strayed too far from its all-time fencepost of $111,814. If you’re feeling twitchy about the whole mess, folks are turning their squinty gazes toward $105,000, which might just be the next rail in the great support fence holding up the whole crypto cattle drive.

Why the Dickens Does $105,000 Matter? An Analyst Spells It Out (With Charts!)

Noted on-chain analyst Burak Kesmeci (say that three times fast, I dare you) hollered from the digital rooftops of X to share the latest chapter in the never-ending Bitcoin saga. By Kesmeci’s reckoning, if Bitcoin stays perched above that $105,799 support, our cryptocurrency protagonist might muster another rally instead of losing its britches.

The fella based his hunch on something called Realized Price UTXO Age Bands — which, in plain English, tracks when folks last bought their Bitcoin and how long they’ve been white-knuckling it. The age band to watch — highlighted in green, presumably because finance folk love traffic signals — is the one-week to one-month club: basically, the short-termers who flip coins faster than a riverboat gambler on a winning streak.

This shorter age band throws some light on the quickdraw crowd and what shenanigans they’re up to (hint: mostly panicking, occasionally buying, sometimes both). According to the all-knowing chart above, this green line has recently been acting like a mattress for Bitcoin — at least as of June 1, 2025. If there’s one thing a runaway cryptocurrency needs, it’s a soft landing — preferably not outside in the mud.

At the time of Kesmeci’s announcement (which may or may not have included interpretative dance), this mighty green band sat ‘round $105,799. That just so happens to be where all the short-term holders — the weak-kneed and cunning alike — are likely to defend their turf. Expect them to swoop in and buy when Bitcoin tips its hat to this price, forming a “support cushion” and, if the stars align, keeping things afloat a bit longer. Or at least until someone else yells “fire.” 🤠

So, in sum: If Bitcoin can avoid slipping through the floorboards at $105,799, there might be hope for another upward jaunt. Tie your coins down, folks, it’s going to be a bumpy ride.

Bitcoin’s Current State: The Wild West Snapshot

Today’s numbers show Bitcoin just peeking above $108,100, which is a 1% slide over the last day. Over the past week it’s bounced between a high of $110,300 and a low of $105,430 — not exactly the stuff of epic adventure novels, but enough to keep some folks biting their nails and others reaching for the whiskey. CoinGecko says it’s clocked a measly 1% gain for the week. Well, that’s better than a poke in the eye with a sharp stick, but just barely.

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2025-07-05 17:43