Crypto Market Consolidates as June Comes to an End; What to Expect in July!

On June 23, the crypto exploded upwards as geopolitical tensions in the Middle East came to a stop. However, the impressive rally has since faced resistance and the crypto market is currently in consolidation. This is particularly due to investor indecisiveness that is currently prevalent in the market

The total crypto market cap, for instance, mirrors the ongoing consolidation. Bitcoin too has entered a consolidation phase with Ethereum mirroring the same pattern as June ends. But what’s next for the crypto market as July knocks?

Crypto Market Stuck in a Range-Bound Movement

After pumping hard at the start of the week, the total crypto market cap (TOTAL) has remained relatively stable. There have been no significant losses or gains in the current market thus the market has been consolidating over the last week. As of this writing, data by TradingView shows that the total crypto market cap is at $3.26 trillion, depicting a movement between a low of $3.19 trillion and $3.29 trillion

Total Crypto Market Cap | Source: TradingViewThe ongoing stability shows that the crypto market is holding strong despite fluctuations across some altcoins. Investors will continue to monitor the situation across the market in the coming days to determine the next action. A breakout above or below the current consolidation zone will be crucial to signal the direction of the market moving forward

If the TOTAL experiences a breakout above the consolidation zone, it could open the doorway to breaching the resistance at $3.33 trillion. Further upward momentum could push the crypto market towards a potential rally to $3.48. But, the bulls must back the rally strongly for such a move to occur in the coming days

On the downside, if the market drops below the ongoing consolidation area, a retest of the $3.18 trillion support could occur. In case this level is breached, the next support lies around $3.06 trillion, and could potentially invalidate the bullish bias in the market

Bitcoin’s Push for a New All-time High Slows

Bitcoin’s rally from $98,000 support achieved earlier last week has slowed down as the market enters a range-bound price movement zone. At the moment, Bitcoin (BTC) is trading at $107,316 as per TradingView data, expressing a stuck between the $106,000 and $108,000 price levels. Nonetheless, while Bitcoin is rather stable at the moment, investors are eying the next leg for the king crypto

Bitcoin (BTC) Price | Source: TradingViewA drop below $106,000 in the coming days could signal a return of bearish momentum. This could potentially push BTC towards the support at $104,104 level. In case of stronger bearish pressure, the price could drop to $98,389 level, wiping out last week’s gains

However, a push past the resistance $108,000 could trigger further upward movement towards the next resistance at $110,042. Surging past this level with strong volumes might push Bitcoin past the all-time high (ATH) at $111,900 level, and off into a new ATH

Ethereum Struggles to Regain $2.5K

Ethereum, just like Bitcoin, is also range-bound. The coin has faced strong resistance towards reclaiming the psychological $2,500 level. As of writing, the daily chart on TradingView, shows that Ethereum (ETH) is trading at $2,434. The coin has been stuck between $2,380 and $2,500 for the last 6 days mirroring the ongoing consolidation across the crypto market

Ethereum (ETH) Price | Source: TradingViewTo regain bullish momentum, Ethereum must surge past $2,704 resistance and turn it into support. However, a key psychological resistance exists around the $2,600 level. A push past these resistance levels would trigger a rally towards $2,901 or even higher

However, if ETH continues to struggle, the price action action could dampen investor confidence. In case this occurs, a drop towards the $2,188 support could occur. Lack of conviction could further trigger an Ethereum market crash pushing the coin down to $1,805 zone

What to Expect in the Crypto Market in July 2025

As we enter July, there are several factors that could affect the crypto market in the coming weeks. In particular, vital U.S Economic data such as the Initial Jobless Claims, Fed’s FOMC meeting outcome and the end of Trump’s 90-day tariff pause could affect the crypto market

Investors must keep watch of key developments across July to prepare for volatility across the crypto market. If the conditions remain favorable, Bitcoin, Ethereum and the general crypto market the bullish momentum will continue. Otherwise, the market could face bearish pressure in July