Is Bitcoin About to Explode? John Bollinger Winks, Elon Musk Shrugs, Everyone Panics đŸ«Ł

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Welcome to the US Crypto News Morning Briefing—yes, I’m talking to you, half-asleep, staring into your lukewarm coffee, wondering if rolling over your 401k into houseplants would be a better hedge against inflation. (It would at least make your living room greener.)

If you’re here for soothing reassurances, keep scrolling. If you’re here to watch a bunch of analysts sweating over Bitcoin like it’s a Bake Off finale and they’ve just dropped their meringue, sit tight. Apparently, Bitcoin’s next big move is just around the corner—closer than your last dodgy Tinder date. Analysts are getting bullish. Or, as my therapist would say, “projecting hope onto a volatile, unknowable future.” 🙃

Crypto News of the Day: Bollinger’s Crystal Ball Says ‘Breakout’ (But Not in a Hans Zimmer Way)

Suddenly, Bitcoin is getting more attention than a new season of Love Island. John Bollinger—the man who brought us the Bollinger Bands, and, let’s be honest, sounds like he should own a champagne vineyard—thinks something spicy is brewing.

Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going.

— John Bollinger (@bbands) July 6, 2025

Translation: John’s bands are squeezing tighter than your jeans after lockdown, and, in analyst-speak, that’s meant to mean “exciting things!” Pair this with macro forces aligning, and suddenly everyone thinks it’s time to go long (instead of going home).

Meanwhile, Nic Puckrin from The Coin Bureau, who presumably drinks coffee strong enough to melt a spoon, is hyping up Trump’s $3.3 trillion “Big Beautiful Bill.” Markets didn’t care at all, which is very rude of them, but analysts are convinced the impact will be “nothing but positive.” (Remember when people said that about margarine?)

“Trump’s ‘Big Beautiful Bill’ has passed in the US Senate, but has failed to immediately ignite a significant crypto rally
 But while markets are still digesting its implications, the long-term impact is clearly nothing but positive for Bitcoin,” Puckrin told BeInCrypto.

Apparently, adding trillions to the US debt is the financial equivalent of yelling “YOLO!” at your bank statement. According to Puckrin, this turns Bitcoin into a “life raft.” Not quite Titanic, more like “inflatable flamingo you got off Amazon Prime.”

“A depreciating dollar creates the perfect environment for Bitcoin,” he added, while somewhere, the ghost of Keynes facepalms.

Fun fact: the dollar index is at its worst start since 1973, meaning we may soon need to start swapping Pokémon cards for milk. Interest rate cuts are floating about again, just for that added zest.

Puckrin says once the liquidity “floodgates” open, even $107,000 for one Bitcoin will feel like picking up diamonds at Walmart clearance. Wait for it. Or don’t. No one really knows.

Bitcoin Price Refuses to Move (Kind of Like My Houseplants)

Now, you’d think with all this tinfoil hat energy, the price would be doing something dramatic. But no. Bitcoin has been wandering between $107,000 and $110,000 like it forgot why it came into the room. Resistance at $109,500 is holding tighter than a politician at a donor dinner.

The crypto did have a brief coffee rush, spiking above $109,000, possibly because of new US trade deal hopes and, more importantly, a supportive grunt from Elon Musk himself:

Fiat is hopeless, so yes

— Elon Musk (@elonmusk) July 7, 2025

Unfortunately, the dramatic spike faded faster than your New Year’s resolution. Demand is still on an extended lunch break, and Bitcoin is, yet again, torn between “I could go up” and “I also could go absolutely nowhere for ages.”

prices = stuck, analysts = hopeful, market sentiment = meh. Shawn Young from MEXC Research felt the need to state the obvious:

“Spot demand has been waning
 weighing heavily on market sentiment
Bitcoin’s broader technical and bullish market position has remained structurally intact,” said Shawn Young, sounding like someone who still believes in The One True Resistance Level.

Next big price drama? All down to macro catalysts. Because macro sounds important and makes you nod in meetings. Young points to support at $106,500 and psychological defense at $100,000, possibly defended by a tiny man with a foam finger.

As of right now, if your luck is anything like mine, the BTC price is $108,346 and up 0.11%. Go wild. Buy yourself a cupcake.

What could actually jolt the price awake? The looming US tariff deadline, or “Crypto Week” in Congress (finally, a themed event!) where lawmakers debate digital assets like they’re voting on next season’s plot twist. Expect drama. Possibly a musical number. Almost certainly volatility.

According to those who stare at charts all day, breaking $110,500 with real volume would confirm THE BULLISH SETUP. (Cue dramatic music, confetti, awkward dancing.) After that? Maybe $125,000. Maybe $140,000. Maybe a stern talking-to from Standard Chartered saying we’re all being too modest.

“These developments [Bitcoin ETF flows, corporate treasury buying, a potential announcement by President Trump of Fed Chair Powell’s early replacement, and passage of the US stablecoin bill] along with further evidence of broader sovereign interest, should push Bitcoin to a new all-time high of around $135,000 and $200,000 in Q4,” said Geoff Kendrick, Head of Digital Assets Research, who is clearly having a much better day than you are.

Chart of the Day (Otherwise Known As, the Only Bit Most People Look At)

Look! Numbers and lines! The daily BTC/USDT chart shows price sandwiched between the middle and upper Bollinger band—$111,019 if you’ve got a pen handy and a wall to scribble on. This “could” mean uptrend. Or, you know, “not downtrend.” Choose your fighter.

If Bitcoin can get above the upper band, $111,800 ATH is next. Prepare to never hear the end of it on Twitter (or X or whatever it’s called before Musk renames it again).

Technical indicators: 50-day SMA at $106,584, which is the yellow line—nature’s way of telling you to stop overthinking things.

The volume profile (those yellow bars on the side—were you even looking?) suggests there’s a crowd of traders waiting to pounce as soon as the price drops. Or maybe they’re just window shopping. Either way, $100,000 is a number.

The RSI? 54.34. What does that mean? It means the chart isn’t overbought, and everyone gets to keep their jobs for another week.

However, if Bitcoin slinks below the midline of the Bollinger band ($106,456) and then beneath the lower band ($101,893), that’s your cue to sigh dramatically and refresh the news app. If it drops below the 100-day SMA at $99,026, then, yes, call your mother.

Byte-Sized Alpha (I Know, I Promised You Drama)

There was nothing in this section, so leaving it as a monument to missing content.

Crypto Equities Pre-Market Overview (For People Who Need Even More Numbers)

Company At the Close of July 4 Pre-Market Overview
Strategy (MSTR) $403.76 $403.28 (-0.12%)
Coinbase Global (COIN) $357.89 $361.73 (+1.07%)
Galaxy Digital Holdings (GLXY) $20.57 $20.26 (-1.50%)
MARA Holdings (MARA) $16.95 $16.81 (-0.84%)
Riot Platforms (RIOT) $11.49 $11.40 (-0.75%)
Core Scientific (CORZ) $15.05 $14.52 (-3.47%)

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2025-07-07 17:53