Bitcoin at a Crossroads: Can $108K Support Hold After 147K Jobs Report Shakeup?
Bitcoin's bull run faces its sternest test yet as a critical $108,000 trendline teeters under macroeconomic pressure. The latest Non-Farm Payrolls report—coming in hot at 147K new jobs—just threw gasoline on the Fed's rate decision bonfire.
Make or break time for BTC
Price action's flirting with the level that's held since the last halving, but this isn't your grandma's sideways market. Every institutional trader from Miami to Singapore has their stop-losses stacked like dominoes beneath this support.
The irony? Wall Street's suddenly 'concerned' about employment data—the same suits who spent a decade ignoring wage stagnation. Meanwhile, Bitcoin's network hums along, processing settlements at half the cost of a single SWIFT confirmation.
Next 48 hours will separate the diamond hands from the paper portfolios. Either we bounce hard into six figures... or discover how thin liquidity really gets when ETF flows reverse.
Bitcoin Technical Outlook: Higher Lows Hold, but MACD Weakens
The Bitcoin price prediction remains bullish, as BTC has been respecting an ascending trendline since the June 21 low, consistently making higher lows on the 2-hour chart. That trend remains intact for now, with support seen around $108,371, where the 50-day EMA meets the trendline —a critical technical confluence.
But momentum is showing early signs of fatigue:
- The MACD histogram has turned red
- Signal lines are curling down, but no confirmed bearish crossover yet
- Recent candles near $110,413 resistance are small-bodied, showing indecision and waning buyer strength
If the price holds this zone and prints a reversal candle, such as a hammer or bullish engulfing, bulls could regain control, targeting $110,400 and $112,041.
However, a close below $108,300 may open the door for a sharper decline to $107,325 and $105,368, with broader trendline support NEAR $103,748 offering the next significant cushion.
Bitcoin Trade Setup: Trendline Bounce or Breakdown?
This setup is classic for traders watching structural support:
- Buy Scenario: Look for bullish candlestick confirmation above $108,300
- Target Levels: $110,400 and $112,041
- Bearish Breakdown: Close below $108,300 could push toward $107,300 and $105,000
- Indicators to Watch: MACD crossover, EMA slope, volume spike
From my experience, trendline support like this doesn’t give way quietly. If bulls show up here, we may see a strong rotation higher. But if they don’t, risk increases for a technical shakeout that could catch over-leveraged long positions off guard.
Bitcoin Hyper Presale Surges Past $1.88M as Price Rise Nears
Bitcoin Hyper ($HYPER), the first Bitcoin-native Layer 2 powered by the Solana VIRTUAL Machine (SVM), has surpassed $1.74 million in its public presale, with $1,883,062 raised out of a $2,373,526 target. The token is priced at $0.012075, with the next price tier expected within hours.
Designed to merge Bitcoin’s security with Solana’s speed, bitcoin Hyper enables fast, low-cost smart contracts, dApps, and meme coin creation, all with seamless BTC bridging. The project is audited by Consult and engineered for scalability, trust, and simplicity.
The golden cross of meme appeal and real utility has made Bitcoin Hyper a LAYER 2 contender to watch in 2025. With staking, a streamlined presale, and full rollout expected by Q1, $HYPER is gaining serious traction.
