TLDR
Bitcoin rebounds to $109,362 after weekend dip, marking a 1.16% 24-hour gain.
BTC hit a new weekly high of $109,443 as tariff delay eased market pressure.
Key support holds at $107,800, with resistance building near $110,000.
Over $49B in ETF inflows signal growing institutional appetite for Bitcoin.
Bitcoin price recovered early Monday, climbing back above $109,000 after falling under $108,000 over the weekend. As of 12:30 a.m. EDT on July 7, Bitcoin price traded at $109,362, marking a 1.16% increase over the past 24 hours.
The recovery came after Bitcoin closed Sunday at a new all-time weekly high of $109,443, based on data from Yahoo Finance. During the weekend, Bitcoin saw lows of around $108,000 but began gaining strength late Sunday as new developments in U.S. trade policy were made public.
Tariff delay calms investor concerns ahead of inflation data
Markets reacted to the Trump administration’s announcement that new tariffs will not take effect until August 1. U.S. Treasury Secretary Scott Bessent confirmed that tariffs first introduced in April will now begin next month for countries without trade agreements with the United States.
The original 90-day pause on tariffs is due to expire on July 9. However, the new timeline has given investors more time to adjust, reducing pressure on markets.
“Traders previously were concerned about volatility leading up to the July 9 tariff deadline,” said Jeff Mei, Chief Operating Officer at BTSE. “It looks like markets are rallying after it was revealed countries will have more time to negotiate.”
Traders are also watching the upcoming release of the U.S. Consumer Price Index on July 15. Analysts expect this data to give more insight into inflation trends. If inflation appears low enough, it may increase the chances of the Federal Reserve lowering interest rates, which could support more gains in cryptocurrency markets.
Technical Indicators Show Support Near $107,800
Bitcoin price current structure shows steady support near $107,800, while resistance builds around $110,000. The MACD histogram remains in positive territory, and the RSI reading of 55 suggests there is still room for upward movement.
Bitcoin’s short-term trend continues to rise, with the 7-day simple moving average now at $107,870 and the 30-day average at $106,177. On the 1-hour chart, Bitcoin shows gradual recovery in a narrow price range. The 4-hour chart indicates higher lows and ongoing consolidation.
Analysts are watching for a breakout above $111,980, which could open a path toward the $120,000 to $145,000 range. A confirmed move past $116,000 is expected to support the next stage of the current market cycle.
Altcoins and ETFs Add To Broader Crypto Market Support
The broader crypto market also saw modest growth. Ether rose 2.41% to $2,577, while XRP added 2.29% to reach $2.27. Solana gained 2.96%, climbing to $152. The GMCI 30 Index, which tracks the top 30 cryptocurrencies, increased by 2.2%.
On-chain activity also drew attention over the weekend. A group of long-term holders moved over 80,000 BTC—around 0.6% of the total supply—triggering speculation but not causing any major sell-offs. These movements were later confirmed as redistributions, not hacks.
Meanwhile, institutional demand continues to grow, supported by over $49 billion in inflows to spot Bitcoin ETFs. With new ETF rule changes from the U.S. SEC, more institutions are expected to gain access to Bitcoin through regulated financial products.
Analysts Watch for Breakout as Whales Reposition Portfolios
Bitcoin price continues to trade just under resistance, with analysts suggesting that $116,652 is the next critical level. Crypto strategist Javon Marks projected a potential move to $165,745 if Bitcoin breaks above this threshold.
Whale activity has also increased. Large holders are transferring assets, which suggests preparation for upcoming moves. Though price action remains stable, this type of behavior often happens before strong market shifts.
Bitcoin’s recent rebound and sustained levels above $109,000 reflect short-term market confidence, especially with the extended tariff timeline offering traders more clarity.
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