Bitcoin Price Could Resume Uptrend If $105,000 Support Holds — Here’s How

The Bitcoin price failed to stay above the $110,000 level on Friday, July 4, despite the positive jobs data in the United States. The flagship cryptocurrency has returned to around the $107,000 level, mirroring the current indecisive state of the broader crypto market.

While the Bitcoin price has been moving largely within a range in the past few weeks, it has enjoyed enough bullish support to stay in touching distance of its record high of $111,814. Below is how $105,000 might be the next critical support for the market leader.

Analyst Explains Why $105,000 Might Be A Crucial Support

Prominent on-chain analyst Burak Kesmeci took to the social media platform X to share his latest evaluation of the Bitcoin price. According to the online crypto pundit, the price of BTC is more likely to witness upward momentum so long as it stays above the $105,799 crucial support over the next few weeks.

This prediction is based on Realized Price UTXO Age Bands, which estimates the average price at which Bitcoin holders purchased their BTC relative to the duration they’ve held their coins. Specifically, Kesmeci highlighted the 1-week to 1-month age band (green line) as the one to watch.

Considering its short duration, this age band offers insight into “short-term holders’ behavior and, potentially, the overall market sentiment. As shown in the chart above, this age band served as a significant support cushion for the flagship cryptocurrency as recently as June 1, 2025.

As of the time of publishing the post on X, the 1-week to 1-month age band was around the $105,799 region, meaning that the price of BTC could rely on this level for support. 

The rationale behind this prognosis is that STH, with their cost basis around $105,799, are likely to defend their positions by purchasing more coins when Bitcoin price returns to this level, leading to the formation of a support cushion and keeping the price afloat.

Kesmeci noted that investors can expect to see further positive price movement so long as Bitcoin stays above the $105,799 support level.

Bitcoin Price At A Glance

As of this writing, the price of BTC sits just above $108,100, reflecting an over 1% decline in the past 24 hours. Despite reaching a seven-day high of $110,300 and a low of around $105,430, the premier cryptocurrency is now back around where it started the week. According to data from CoinGecko, the Bitcoin price is up by a mere 1% on the weekly timeframe.