PUNKO – PNK

Bitcoin (BTC) Performance Summary: July 8th, 2025

Overview: On July 8th, 2025, Bitcoin (BTC) experienced a day of slight gains and consolidation, holding above key support levels after a period of fluctuation. The price action indicated a continued battle around the $108,000 to $109,000 range, with technical indicators presenting a mixed to cautiously bullish outlook.

Key Metrics & Technical Indicators (Based on available data for July 8th, 2025):

• Price Action:
  • High: Approximately $109,239.88 USD. Bitcoin traded as high as this value during the day.
  • Low: Approximately $107,500 USD. Bitcoin’s overnight low was around this level.
  • Closing Price: Around $108,805.07 USD. BTC gained approximately 0.69% on the day, marking its third gain in the past four days.
• Market Capitalization:
  • Market Cap: Approximately $2.155 trillion USD (as of July 7th, updated July 8th). This represents a slight decrease of -0.88% from the previous day’s market cap, but Bitcoin maintained its dominant position in the crypto market.
• Moving Averages (Approximated values based on surrounding data for July 2025):
  • EMA 200 (Exponential Moving Average 200): Bitcoin’s price was consolidating just below the $110,000 barrier after a strong rebound from the $102,000 region last week. The EMA cluster (4H) was noted as support between $108,500–$106,200.
  • EMA 50 (Exponential Moving Average 50): Bitcoin was being squeezed between its 20-day EMA ($107,314) and overhead resistance. The price was hovering just above the 50 EMA, suggesting a potential for a relief bounce.
  • SMA 200 (Simple Moving Average 200): While specific data for BTC’s SMA 200 on July 8th, 2025, was not explicitly found, the overall context suggests that Bitcoin was likely trading above its long-term simple moving averages, indicating a sustained bullish trend on longer timeframes.
  • SMA 50 (Simple Moving Average 50): Bitcoin was struggling at $108.5k, with the price testing the midline of the Bollinger Bands. The 20-SMA was at $108,428, and failure to close above it pointed to strong overhead resistance.
• RSI (Relative Strength Index):
  • 24-hour RSI: Approximately 36.438 – 47.97. The RSI was generally below the neutral 50 level, hinting at dwindling momentum and a «Sell» action. However, some reports noted a «Positive (Score: 70)» for RSI on July 8th, indicating a rising trend and supporting a positive overall trend on a medium-term basis. This suggests mixed signals with a leaning towards short-term bearishness but underlying bullish potential.
• MACD (Moving Average Convergence Divergence):
  • MACD Status: Approximately -138.9 to 107.02. Some reports indicated a «Sell» signal with MACD at -138.9, suggesting short-term bearish momentum. Conversely, other analyses showed MACD at 107.02 with a «Buy» signal, indicating a bullish cross and a positive trend. This wide range of reported values indicates conflicting signals and a lack of clear directional conviction.

Brief Fundamental Analysis

On July 8th, 2025, Bitcoin’s fundamental landscape continued to be influenced by a combination of institutional movements and broader market sentiment. News highlighted that Sequans Communications was reallocating $384 million in capital into Bitcoin, with its CEO emphasizing Bitcoin’s scarcity and resilience as key factors. This significant corporate treasury move underscores continued institutional confidence in Bitcoin as a strategic asset.

Despite some reports of Bitcoin struggling at $108.5k due to «renewed regulatory concerns surrounding pending U.S. crypto legislation,» the overall sentiment remained cautiously optimistic. Analysts noted that «institutional traders have shifted to long positions, and futures open interest has risen, suggesting growing confidence.» This indicates that while regulatory uncertainty might create short-term volatility, the underlying institutional demand remains strong.

Furthermore, discussions around Bitcoin’s price consolidating around $109,000 without a significant collapse suggested that the longer it holds these levels, the higher the probability of a decisive bullish breakout. The market was also watching for «new catalysts» to propel Bitcoin beyond its current range. The confluence of corporate adoption, sustained institutional interest, and the anticipation of a clearer regulatory framework continued to provide fundamental support for Bitcoin, suggesting resilience and potential for future upward movements, even amidst daily fluctuations.