Bitcoin Price Prediction: $108K Trendline Support Faces Key Test After 147K NFP

Bitcoin is trading at $108,859, slightly lower on the day, despite U.S. macro data coming in stronger than expected. The June Non-Farm Payrolls (NFP) report showed a gain of 147,000 jobs, above the forecasted 111,000.

However, markets viewed it as a mixed bag; wage growth slowed to 0.2%, unemployment ticked up to 4.1%, and ISM Services PMI barely stayed above expansion at 50.8.

Despite stronger factory orders at 8.2%, concerns about labour softness and Fed independence (after Trump’s Powell comments) continue to cap any significant rebound in the dollar. That’s helped Bitcoin stay afloat as an alternative asset, even if risk appetite remains tempered.

With markets still pricing in at least one Fed rate cut before year-end, the environment remains broadly supportive of crypto, especially if inflation readings continue to cool.

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.

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 ($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.

The post Bitcoin Price Prediction: $108K Trendline Support Faces Key Test After 147K NFP appeared first on Cryptonews.