After going on an impressive run to close the week, the Bitcoin price has become relatively steady over this weekend. The premier cryptocurrency has shown some signs of indecision and continued to move sideways within the $117,000 and $118,000 range. According to a prominent online pundit, the Bitcoin price might be at a critical juncture that could decide its future over the next few weeks. Insights from a technical analysis model suggest that the price of BTC might run up to an unprecedented high of $143,000 once it overcomes the next resistance level. BTC Needs To Break This Resistance Level To Continue Rally In a July 12 post on social media platform X, Alphractal founder & CEO Joao Wedson revealed that the Bitcoin price faces significant resistance between $118,900 and $120,000. This price evaluation is based on the Bitcoin Power Law model, which provides a mathematical description of BTC’s historical price trends. Related Reading: Bitcoin SOPR Signals More Gains Ahead Despite New ATH – Analyst The Bitcoin Power Law model estimates the network effect and adoption curve without speculation. Using this framework, the pricing model provides long-term support and resistance levels or “bands” on the Bitcoin price chart. Wedson revealed that the Power Law model indicates that the Bitcoin price faces significant resistance between the $118,900 and $120,000 region. According to the on-chain analyst, the market needs to breach the Alpha Price — which lies somewhere around $119,300. For context, the Alpha Price refers to a major inflection point in the Power Law model and a level that the Bitcoin price needs to break and stay above to enter the next significant phase of the bull cycle. In essence, the BTC price must witness a sustained break above $119,300 to continue its rally. Wedson mentioned that the price of BTC will need to show resilience in order to breach the psychological $120,000 level. However, it might need to consolidate first and perhaps take some long traders out of the market before overcoming the $120,000 level, the on-chain analyst noted. According to Wedson, a sustained breach of the $120,000 level will signal the beginning of an even much bigger rally for the market leader. The on-chain analyst put the target for this rally at between $143,000 and $146,000, marking the Bitcoin price top in this cycle. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $117,530, reflecting no significant movement in the past 24 hours. Nevertheless, the flagship cryptocurrency is up by nearly 9% on the weekly timeframe. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential Featured image from iStock, chart from TradingView
After a near-excellent start to the month of July, Bitcoin has performed even more impressively over the past few days. The premier cryptocurrency, after a brief period of sideways momentum earlier this week, has attained a new all-time-high valuation at a price close to $119,000. Unsurprisingly, the Bitcoin market is experiencing a wave of optimism — an inference still heavily backed by the latest on-chain revelation. Bitcoin Market Sentiment Shifts Bullish In a July 11 post on social media platform X, cryptocurrency analytics firm Alphractal delved into the current price action of Bitcoin, offering insights into the cryptocurrency’s future trajectory. Related Reading: Bitcoin Soars Past $118,800—Breakout Or Brutal Bull Trap? The firm’s on-chain observation revolves around the Aggregated Liquidation Levels Heatmap (7 Days) metric, which visualizes price zones with high concentrations of long or short liquidations over a span of 7 days, and the Aggregated Liquidation Levels Heatmap (1 month) which does the same, except that this covers a monthly timeframe. After the most recent Bitcoin price rally to a new all-time high, all of the overleveraged bears had their market positions wiped out. Aided by the short squeeze, which usually follows such large liquidation events, the flagship cryptocurrency still retains its strong bullish momentum and continues to surge. According to Alphractal, the aggregation liquidation levels across different timeframes now show that most current leveraged positions are betting on the Bitcoin price. As the market continues to ascend the charts, investor optimism will turn more positive, which may further push more traders to open long positions in the BTC futures market. However, Alphractal warned against the inclination to be recklessly involved in the current bullish market. “If, for any reason, the price drops $10,000 back to the $107,000 zone, it could be the bulls’ turn to face massive liquidations,” the analytics firm said. The firm went further, explaining that a Bitcoin price drop of that magnitude would have a negative impact on the market optimism. On the bright side, Alphractal also mentioned that such an occurrence could offer new accumulation opportunities in the near future. Still on market optimism, a drop in Bitcoin’s value by $10,000 might lead to a phenomenon referred to as a Long squeeze, where the price of Bitcoin continues to plummet with increased momentum. A long squeeze typically occurs when the falling price of a cryptocurrency (in this case, Bitcoin) forces traders with long positions to sell their assets either to cut losses or to break even. This contributes to the already present bearish momentum and sends the BTC price further south. Amidst Bitcoin’s current rally, Alphractal ultimately advised that traders leverage wisely and with caution, as the market’s next action stands at an unpredictable zone. Bitcoin Price At A Glance Still showing signs of healthy bullish momentum, Bitcoin, as of press time, is valued at around $118,145. Data from CoinGecko shows that the flagship cryptocurrency has jumped by more than 3.34% in the last 24 hours. Related Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun Featured image from iStock, chart from TradingView
Bitcoin has rallied massively over the past seven days by posting an impressive price gain of nearly 9% after climbing from around $108,300 to almost $118,800. This move was quite surprising, particularly as the process saw Bitcoin clearing its previous all-time high from late May by breaking above $111,970. But according to Bitcoin technical analyst CryptoCon, this breakout may just be the beginning. In a recent post on the social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious price target for Bitcoin. Analyst Unveils BTC’s Golden Number For This Cycle In a recent post on social media platform X, CryptoCon revealed a long-term cycle pattern that points to a more ambitious target for Bitcoin. His analysis is based on the 5.618 Fibonacci extension, which is a number he says has perfectly aligned with every prior cycle top. The projection opens up the possibility of whether Bitcoin’s current move marks the start of another parabolic run. Related Reading: Market Expert Says It’s Now ‘Illegal’ To Short Bitcoin, Here’s Why CryptoCon’s technical chart analysis builds on the recurring 5.618 Fibonacci extension level in previous market cycles. The analyst shows how Bitcoin’s previous tops have fallen within striking distance of this precise extension by measuring the move of each market cycle and applying this golden ratio. The chart shown below features the $30.84 peak in June 2011, the $1,205 top in November 2013, the $18,702 high from December 2017, and the peak of $63,839 in November 2021. Each of these market tops, as shown in the Bitcoin multi-year price chart below, converged on the same 5.618 multiple from their preceding bear market lows. Now, using this same approach in the ongoing cycle, CryptoCon projected that the next major step for Bitcoin is somewhere between $170,000 and $180,000. Particularly, the 5.618 Fibonacci extension points to a “Golden Number” of $184,181 for Bitcoin’s price in this cycle. Bitcoin Price Compression Is About To Expand Violently Several major forces appear to have contributed to BTC’s recent surge in the past 48 hours. A significant short squeeze earlier in the week reportedly wiped out over $1 billion in bearish positions. At the same time, US-based Spot Bitcoin ETFs registered over $1 billion in daily inflows in the past two consecutive days. Related Reading: Analyst Predicts Bitcoin Price Breakdown — Here’s The Best Time To Buy In his X post, CryptoCon also commented on the current state of Bitcoin’s chart: “All the boring price action is coming to a squeeze; it can’t stay that way forever.” This observation reflects the long period of tight, sideways trading between $105,000 and $108,000 that Bitcoin experienced in the previous two weeks. At the time of writing, Bitcoin is trading at $117,762, retracing slightly after reaching its most recent all-time high of $118,667, according to CoinGecko data. Other crypto analysts now find themselves watching the $130,000 region as another zone of consolidation activity on the way to the possible cycle peak. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1.25 billion in short positions within a single trading day, according to CoinGlass figures. Bitcoin Bull Trap Or Breakout? Capriole Investments founder Charles Edwards took to X as the breakout unfolded. “New all-time highs beget new ATHs. It’s usually unwise to ignore a major breakout like this, until invalidated,” he wrote, adding that corporate treasury demand has “grown exponentially, with dozens of new companies popping up in recent months.” Edwards’ base-case projection calls for a further 50–70 percent advance over the next six months—roughly $170,000–$196,000. Related Reading: Research Predicts $160,000 Bitcoin By EOY—If Treasury Firms Hold His focus on treasuries is backed by hard data. Public companies added a record 159,107 BTC in Q2—pushing aggregate corporate holdings above 847,000 BTC, or about four percent of max supply. Corporate Bitcoin acquisitions have even outpaced ETF net inflows. Matthew Sigel, head of digital-asset research at VanEck, framed Bitcoin’s trajectory within a broader macro and policy backdrop. “The natural course for Bitcoin remains higher, driven by persistent US debt and deficit problems, demographic tailwinds, a weakening dollar, growing momentum around Fed rate cuts, and the potential for a new Fed chair next year,” he wrote on X. Sigel also highlighted Capitol Hill’s looming “Crypto Week,” where stablecoin legislation is widely viewed as the most passable of several digital-asset bills. Those developments, he argues, make $180,000 “very much in play for 2025.” Law-makers appear to share the sense of urgency. A press statement from the House Financial Services Committee confirms that the week of 14 July will be dedicated to advancing the CLARITY Act, the Anti-CBDC Surveillance State Act and the GENIUS Act. Passage would establish the first comprehensive federal framework for stablecoins and market structure, a change Sigel says could “unlock wide-open capital markets” for the sector. Related Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns Spot Bitcoin ETFs are hardly idle: net inflows into BlackRock’s iShares fund alone have pushed its holdings past 700,000 BTC in the 18 months since launch. Yet Edwards and Sigel both note that treasury companies have become the marginal buyer in 2025. The dynamic creates what Edwards calls a “cap-raising flywheel,” as firms showcase outperforming share prices—up nearly 60 percent year-to-date for the treasury cohort—when courting investors. Notably, the rally is unfolding against a supportive macro backdrop. Federal Reserve Governor Christopher Waller told a Dallas Fed audience he is “open to cutting the policy rate in July,” arguing current settings are “too tight” given waning inflation pressures. Meanwhile, US President Donald Trump continued his attacks on Fed chair Jerome Powell over the past weeks, demanding immediate rate cuts. Trump’s tariff escalation also seems to fade out, supporting the Bitcoin rally. Notwithstanding euphoric headlines, technicians warn that momentum must sustain above $110,000 to avoid a failed-breakout pattern. “This theory would be weakened with closes below $110K and invalidated below $105K,” Edwards concludes. At press time, BTC traded at $117,854. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown. Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others. Related Reading: Time To Forget Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP. Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC. Featured image from Pixabay, chart from Tradingview.com
A sweeping new research report by Ben Harvey and Will Clemente III, commissioned by market maker Keyrock, projects that Bitcoin could reach $160,000 by the end of 2025—but only if the capital structure supporting Bitcoin Treasury Companies (BTC-TCs) remains intact. The research, “BTC Treasuries Uncovered: Premiums, Leverage, and the Sustainability of Proxy Exposure,” dissects the capital structures, market impact, and debt profiles of the fast-growing cohort of “Bitcoin Treasury Companies” (BTC-TCs), led by Strategy (the renamed MicroStrategy). The Impact Of Bitcoin Treasury Firms Harvey and Clemente open with a startling figure: “Bitcoin Treasury Companies have accumulated around 725,000 BTC, equivalent to 3.64 percent of the entire BTC supply.” Much of that hoard sits with Strategy’s 597,000-coin trove, but the analysts track more than a dozen follow-on players—from Marathon Digital and Metaplanet to newer entrants such as Twenty One Capital—whose combined exposure now outstrips US spot-ETF holdings by more than half. Related Reading: Bitcoin Is One Candle Away From $141,300 Breakout, Chart Master Warns Yet the report’s headline forecast is explicitly conditional. Keyrock’s bull case assigns a thirty-percent probability that global liquidity remains flush, institutional demand accelerates, and Bitcoin rallies fifty percent past today’s levels, “pushing BTC to over $160 k by EOY.” That outcome rests on the fragile flywheel of net-asset-value premiums: BTC-TC equities still trade, on average, at a seventy-three-percent premium to the dollar value of the coins they custody. Those premiums let boards issue new shares “accretively,” convert sentiment into fresh BTC, and—crucially—service the $33.7 billion in debt and preferred stock the sector has rung up to fund its buying binge. No company illustrates the reflexive loop better than Strategy. Since August 2020, Michael Saylor has driven Bitcoin-per-share (BPS) up eleven-fold, an annualized sixty-three-percent run rate that dwarfs the 6.7 percent CAGR needed to justify the firm’s current ninety-one-percent NAV premium. “If an investor believes that Strategy’s BPS growth rates will hold long-term,” the authors contend, “holding MSTR would be far more beneficial in BTC terms than holding spot BTC.” Still, that calculus assumes the equity premium stays afloat; if sentiment turns, dilution flips from accretive to punitive overnight. Debt maturities pose the next stress point. BTC-TCs owe a wall of convertible notes in 2027-28. Harvey and Clemente calculate that Strategy alone has issued $8.2 billion of the cohort’s $9.5 billion in debt; Marathon follows at $1.3 billion. Most instruments carry zero-to-low coupons and conversion prices well below current share levels, but a deep Bitcoin drawdown could drive equities under those strikes, forcing firms to repay in cash or refinance at far harsher terms. “Since many BTC-TC valuations are tightly correlated to Bitcoin price performance,” the authors warn, “a sharp BTC drawdown could drive down equity value, increasing the risk that conversion thresholds are breached.” Related Reading: Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating? The report splits the universe into cash-flow-generative names such as Metaplanet, CoinShares, and Boyaa Interactive—each with eight or more quarters of runway—and capital-dependent players like Marathon, Nakamoto, and DeFi Technologies, which could face dilution above three percent per quarter merely to stay solvent if premiums persist. Should those premiums compress, equity issuance “becomes purely dilutive,” and treasury companies could be forced to sell Bitcoin, undermining the proxy thesis that justifies their existence. The Base Case Keyrock’s base case, to which it assigns the highest probability, envisions Bitcoin finishing 2025 around $135,000, with NAV premiums cooling into a thirty-to-sixty-percent range. In that environment, well-managed treasuries still out-perform spot, but the leverage trade loses its shine. The bear scenario—assigned the lowest but non-trivial odds—combines a twenty-percent Bitcoin drawdown with a glut of new treasury listings that flood the market with supply. In that world, premiums vanish, refinancing windows slam shut, and “the entire investment case for BTC-TCs comes under pressure.” Harvey and Clemente do not dismiss the BTC-TC model; rather, they frame it as a high-beta overlay that amplifies both the upside and the solvency risk inherent in Bitcoin itself. They credit Saylor’s “Bitcoin yield” thesis—using premium-funded share issuance to compound coin holdings—as a demonstrably effective strategy to date, but caution that it relies on a delicate equilibrium of bullish sentiment, cheap capital, and meticulous execution. “The premium to NAV is of the utmost importance here,” the study concludes, “assuming a BTC-TC doesn’t have a core operating business that can cover debt payments, or is entirely free of debt payments altogether.” Whether Bitcoin can sprint to $160,000 by 31 December hinges less on hash-rate projections or macro modeling than on the continued faith of equity investors willing to pay a dollar-fifty for a dollar of embedded BTC. If those investors blink—if premiums fade or convertible maturities collide with a broad risk-off shift—the leverage that has propelled treasury companies to date could flip, turning “one of the best performing equities on the planet” into the market’s most crowded exit. For now, Keyrock’s research leaves readers with a simple countdown: hold the line, and the path to price discovery remains intact; lose it, and the proxy trade could unwind long before the New Year’s fireworks. At press time, BTC traded at $117,788. Featured image created with DALL.E, chart from TradingView.com
The Bitcoin open interest has risen rapidly once again, with the price pushing above previous peaks to new all-time highs. The BTC price has also stayed over the $100,000 mark for an extended period of time, triggering a new wave of confidence that the cryptocurrency has found its bottom. This has led to crypto traders making their bets and driving the open interest up, pushing it back above December 2024 levels and May 2025 peaks. Bitcoin Open Interest Crosses $70 Billion Again Back in December 2024, the Bitcoin open interest had recorded a new milestone after the volume rose to over $70 billion, marking a new all-time high at the time. The Bitcoin price had also risen sharply at this time and was able to hit $100,000 for the first time in history, triggering even more interest in the asset. Related Reading: Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000 However, once both the price and the open interest hit these milestones, it wasn’t long before the shorters began to take over the market. The Bitcoin price quickly plummeted back down below $100,000, and over the next few months, open interest would crash back down to the $40 billion territory, resulting in a 40% loss by May 2025. Now, once again, the Bitcoin open interest has crossed the $70 billion mark, sitting close to the $77 billion peak recorded back in May 2025, data from Coinglass shows. In the same vein, the BTC price has been able to maintain above $100,000 and has hit a new all-time high of $117,000. Going by historical performance, it is likely that the Bitcoin price will continue to rise from here, but this break to new all-time highs could carry bearish implications. This is because it is possible that the trend from December 2024 could play out once again. If this happens, then the Bitcoin price could retrace after hitting new highs, an expected correction as shorts pile up. BTC Price Risks Another Crash As the Bitcoin open interest continues to rise and the price has already broken out to new highs, the expectations of a downtrend have become stronger. NewsBTC reported that crypto analyst FriendlyRox expects the Bitcoin price to crash by almost 50%, putting the target as low as $60,000 by the time it’s done. Related Reading: Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated Crypto analyst and market expert Capo of Crypto has also joined the train, predicting a notable crash event that will send Bitcoin below $100,000 and obliterating altcoins in the process. This comes as institutions are piling into the crypto market, with Bitcoin in the lead, and Capo forecasts a possible ‘Black Swan’ event like the COVID crash. Featured image from Dall.E, chart from TradingView.com
Bitcoin’s price action has shown intense strength in recent days to finally bounce fully from the weakness in late June. After briefly dipping into the low $108,000 range in the past 24 hours, Bitcoin managed to surge to a new all-time high of $112,022. According to data from Coinglass, this move was enough to cause over $470 million in short liquidations across the crypto market. Bitcoin’s latest price behavior has sparked a shift in sentiment and aligns with the argument that the window for shorting may have officially closed. According to crypto analyst CrediBULL Crypto, it is now effectively “illegal” to short Bitcoin. New Bitcoin Impulse May Have Already Started Taking to the social media platform X, crypto analyst CrediBULL Crypto noted that it is now illegal to short Bitcoin. This comment comes alongside a 24-hour period of intense price activity, with on-chain data showing a trading volume of $60.15 billion. Related Reading: Institutions Buy Bitcoin In Record Numbers, But Why Is Price Still Below $111,900 ATH? CrediBULL Crypto posted a detailed chart and technical analysis on X, explaining why he believes shorting Bitcoin is now a dangerous strategy. Notably, his analysis is based on the Elliott Wave count on the 8-hour candlestick timeframe chart. His previous wave analysis reflects two possible scenarios. The first involves a brief rejection above $110,000 followed by a corrective pullback toward the $102,000 zone, an area he highlighted as a key daily demand level. The outcome would be a sideways consolidation before the next major upward impulse. However, he has since acknowledged that Bitcoin may have already begun its next major leg up, which is the second scenario. This scenario bypasses the corrective phase in the first scenario entirely. As the analyst phrased it, “there is a non-zero chance that the next impulse up has already begun.” In either scenario, CrediBULL’s commentary stresses that the downside from current levels is limited, and shorting Bitcoin now is equivalent to fighting strong upward momentum. Why Shorting Bitcoin Now Is A Dangerous Bet It’s now illegal to short Bitcoin. Not in the literal legal sense, but because Bitcoin’s current structure no longer supports bearish bets. The current setup is one of a continuation above $111,000 in the coming days. If Bitcoin does clear the $111,000 to $112,000 range with enough conviction, it would confirm a vertical rise into wave 3 of a new Elliott impulse cycle. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline Interestingly, the price target for this Wave 3 is around $130,000. A correction may follow from that level to form an impulse Wave 4 before Bitcoin enters another strong bullish leg. Then, finally, the most bullish scenario places Bitcoin on a final Wave 5 movement to $150,000. At the time of writing, Bitcoin is trading at $111,270. The downside is currently limited, and the focus now should be on identifying long opportunities rather than attempting to short what may be the early stages of another explosive rally. Featured image from Pixabay, chart from Tradingview.com
Bitcoin’s latest hourly close may be offering more than meets the eye. With the 25- and 50-hour SMAs holding firm and the MACD showing renewed expansion, some analysts believe a breakout could be quietly brewing, and smart traders are starting to take notice. BTC’s Momentum Builds With Healthy Technical Backing In his latest 1-hour market update, Shaco AI noted that Bitcoin continues to humor the bulls, printing a strong close at $111,225.5. The price action has maintained a clear bullish bias, staying well above both the 25-hour simple moving average (SMA) at $110,147 and the 50-hour SMA at $109,420. This positioning suggests that BTC is building a solid base for continuation, with short-term trend followers likely remaining confident in the move. Related Reading: Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading Furthermore, the MACD has widened impressively, with a gain of $589.72, reflecting persistent buying pressure and bullish sentiment. As the MACD histogram expands and signal lines diverge, it reinforces the idea that the bulls may be far from done, and dips could be viewed as buying opportunities. Shaco AI also pointed to the Relative Strength Index (RSI), which now sits at 63.73. This level shows that the market is in a healthy bullish zone, strong enough to maintain upward momentum, but not yet in overbought territory that typically invites profit-taking or cooling off. Adding confidence to the trend, the Average Directional Index (ADX) has hit 38.93, which Shaco AI emphasized as a key confirmation that the current trend has strength and durability. With all key indicators pointing to continued bullish structure, supported by rising momentum, trend alignment, and strong directional force, Bitcoin’s short-term technical picture remains decisively positive. The bulls are in control, and the chart suggests they may not be done pushing just yet. Breakout Or Breakdown? Bitcoin Poised At A Technical Crossroads Shaco AI, in his final remarks, highlighted that Bitcoin is approaching critical territory, marking resistance at $111,999.79 and support at $108,096.55 as the key zones to watch. He urged traders to “watch these like a hawk!” as price action around these levels could be decisive in determining BTC’s next major move. Related Reading: Bitcoin Price Resumes Upward Move — Can It Break New Highs? He also pointed out that trading volume has been unusually quiet, joking that it “seems to have missed some coffee breaks,” with just 395 units recorded compared to the average of 869. This lighter volume signals reduced conviction, which could lead to sudden volatility or fakeouts near those key zones. “Keep those eyes peeled for potential breakouts or retracements as BTC flirts with key levels, but do remember there’s caution in the air with this lighter trading volume,” the expert added. Featured image from Pixabay, chart from Tradingview.com
Top analyst Aksel Kibar (CMT) believes Bitcoin is approaching a decisive moment on the weekly chart. In a post shared on 9 July 2025, the veteran technician noted that BTC/USD is “holding right at the pattern boundary.” The annotated chart he released—covering Bitstamp weekly prices back to mid-2022—shows the cryptocurrency compressing directly beneath a horizontal resistance band at $109,000, the neckline of what he labels a six-month head-and-shoulders (H&S) continuation formation. Bitcoin Poised For $141,300 Kibar’s chart first revisits the basing sequence that reversed the 2022 bear cycle. A textbook inverse head-and-shoulders bottom completed in early-2023, with troughs at roughly $17,600 (left shoulder), $15,500 (head) and $19,500 (right shoulder). The breakout above the neckline sent Bitcoin to $31,400. Related Reading: Bitcoin & Stablecoin Reserves Diverge On Binance: Liquidity Explosion Brewing? Immediately thereafter, price stalled in a six-month rectangle bounded by $25,000 support and $31,400 resistance. The eventual topside resolution propelled the market to the rectangle’s implied target of $38,000, validating two consecutive classical projections in less than a year. Afterwards, the BTC price grinded higher. Below $73,700, BTC consolidated in a falling wedge, ending with a breakout toward $109,000. From that point, the initial pullback bottomed at $91,200, creating what Kibar designates as the left shoulder. A deeper descent to $76,500 carved out the head. Then, the Bitcoin price formed the right shoulder at $101,500, echoed by the blue bowl-shaped arc on the chart. Throughout this structure the neckline at $109,000 remained intact, acting as a clear demarcation between consolidation and fresh highs. The inverse head-and-shoulders pattern spans roughly half a year, matching the analyst’s “6-month-long” annotation. Related Reading: Last Time This Happened, Bitcoin Jumped $50,000—Is History Repeating? Using the orthodox H&S continuation rule—adding the vertical distance from the head ($73,700) to the neckline ($109,000) to the breakout level—Kibar derives a price objective of $141,300. He notes in an X reply that this target is separate from the earlier $137,000 objective, which came from a larger cup-with-handle on the monthly scale. In other words, the shorter-term weekly pattern now projects modestly higher than the longer-term structure. At press time Bitcoin, Bitcoin traded near $111,000, surpassing the neckline. However, from a technician’s standpoint, the breakout still needs to confirm with the weekly close. Confirmation requires a decisive weekly settlement north of the $109,000 neckline. As Kibar notes: “Breakout needs to take place with a long white candle, similar to previous pattern completions. There should be no hesitation.” Invalidation would emerge on a weekly close back below the most recent swing-low support at $101,500; deeper failure beneath $91,2000 would unravel the pattern entirely. For now, Bitcoin sits at the fulcrum of its six-month equilibrium. A weekly candle or two should reveal whether the largest digital asset can convert yet another classical chart formation into a measured move—this time toward mid-six-figure territory. Featured image created with DALL.E, chart from TradingView.com
On Wednesday afternoon, Bitcoin (BTC) surged to a remarkable all-time high (ATH) of $112,022, breaking free from its previous consolidation phase and lower resistance levels. Bitcoin Rally Faces Critical Test John Glover, the chief investment officer at crypto lending platform Ledn and a former managing director at Barclays Investment Bank, noted that the recent rally appears to be a retest of the previous all-time high set on May 22, which encountered selling pressure. As some investors opted to take profits, notable publicly traded companies, including Trump Media & Technology Group and GameStop, have announced their intentions to purchase Bitcoin to bolster their treasuries. Related Reading: Analyst Predicts 50% “Moonshot” For XRP Price If This Line Breaks Glover emphasized that the competition among these companies to accumulate Bitcoin could significantly impact market dynamics, given that the cryptocurrency’s popularity among publicly traded companies appears to be growing. However, the sustainability of Bitcoin’s rally largely hinges on macroeconomic conditions and developments in trade negotiations. Sid Powell, CEO of crypto asset-management firm Maple, highlighted that any setbacks in trade discussions before President Donald Trump’s August 1 deadline could pose challenges for Bitcoin’s price movement. Conversely, if trade negotiations progress and inflation continues to ease, the Federal Reserve (Fed) might consider cutting interest rates, which could further support Bitcoin’s upward trajectory. Scenarios For A Potential Breakout Toward $130,000 Market expert Doctor Profit recently took to social media, declaring that Bitcoin’s rally is just beginning. He confidently stated, “THE PARTY IS NOT OVER YET,” predicting a potential new all-time high soon. His analysis indicates a target range of $120,000 to $130,000 for this cycle. According to Doctor Profit, two potential scenarios could pave the way for this breakout. The first involves Bitcoin reaching the $113,000 to $114,000 range, followed by a correction to the $92,000 to $93,000 level, which aligns with a major liquidity pool and the CME gap. A rebound from this lower range could set the stage for a rapid ascent toward the $120,000 mark. Related Reading: Pundit Says XRP’s Rise To $1,000 Will Happen A Lot Sooner Than Anticipated The second, more aggressive scenario suggests that Bitcoin could break through the $113,000 to $114,000 barrier and continue its upward momentum without revisiting lower liquidity levels. In either case, the $113,000 to $114,000 range is critical, as the market’s reaction to this level will significantly influence the speed and direction of Bitcoin’s next leg. When writing, BTC has retraced back toward $111,422, attempting to make this level its new support floor for further price appreciation. Featured image from DALL-E, chart from TradingView.com
A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take it below $107,000 before igniting the next bullish rally. The cryptocurrency market structure currently reflects a short-term bearish correction within a broader bullish trend, supporting the likelihood of a potential surge to new all-time highs soon. Bitcoin Prepares For Final Dip Below $107,000 Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money. Related Reading: Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target The analyst shared a chart showing Bitcoin forming consecutive lower highs while its price presses downwards. Across these highs, the market is also respecting a descending trendline, a pattern which often indicates short-term bearish pressure. Notably, this trendline appears to be serving as a potential trap designed to engineer a liquidity grab and discount entry. Thomas notes that once the key zone and sell-side liquidity area around $107,800 is taken, Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), extending down to the $106,500-$106,200 region. This FVG overlaps with critical Fibonacci levels, particularly the 0.786 retracement near $106,200, strengthening the confluence for a potential reversal point. Thomas has highlighted this $106,200 level as a high-probability buy zone, where institutions may re-enter the market. Notably, the analyst’s anticipated price correction for Bitcoin is not seen as a breakdown of structure or market failure, but rather a calculated liquidity grab to fill inefficiencies left from the previous lag. As long as the price respects the $106,000 range and displays bullish order flow afterward, its projected correction is expected to complete the accumulation phase. All-Time Highs In Sight After Key Reversal Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is expected to form a reversal structure that could kick off the next major rally. Despite the projected crash below $107,000, Thomas asserts that Bitcoin’s overall macro trend remains bullish. Moreover, this short-term pullback is considered a setup for a much larger move toward a new all-time high. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline Thomas’s chart marks the $110,500 zone as the final magnet and ATH target, with a significant layer of untapped liquidity above it. The analyst’s thesis is that once the sell-side pressure is exhausted and displacement confirms the shift in direction, Bitcoin could once again regain bullish momentum. Furthermore, the TradingView expert has pointed out that the FVG near $106,200 acts as both a liquidity magnet and a springboard, set to launch the flagship cryptocurrency into price discovery mode once again. Currently, Bitcoin is trading at $108,744, meaning a potential surge to the projected ATH level at $110,500 will represent a 1.61% increase. Featured image from Pixabay, chart from Tradingview.com
Bitcoin has broken out of the orange bull flag on the 1-hour chart. After consolidating within a tight range, the breakout suggests that momentum is shifting back in favor of the bulls, and potentially setting the stage for a rapid push toward higher resistance levels. Pullback Or Launchpad? What Bitcoin’s Next Move Could Look Like According to MaxFINEancial’s latest analysis on X, he highlighted that a large green double bottom is forming within an orange bull flag on the 1-hour chart, which is a bullish continuation setup. Related Reading: Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top The local high was a test of the trigger line of the double bottom, which signaled intent from the bulls. BTC is retesting the upper edge of the bull flag, aligning with the 1-hour 200-day MA, a critical dynamic support level that often dictates short-term momentum. MaxFINEancial projects a small pink bullish pennant forming and setting up for a continuation move higher. However, a rare diamond top pattern could also be taking shape, a bearish reversal formation that, if validated, may trigger a sharp downside move. If BTC loses the 1-hour 200-day MA, he advises shifting focus to the 4-hour 200-day MA, which is the line of defense. The important bullish area targets are $113,700, $115,867, $117,030, and $122,143, while the bearish diamond top target is $103,079. Market analyst A_y has also highlighted that Bitcoin is consolidating below the $110,000 resistance on the 4-hour chart, with the structure forming a textbook ascending triangle. This setup is the rising higher lows against horizontal resistance that precedes a strong breakout. If BTC manages to break above $110,000, the move could accelerate toward the $112,000 to $114,000 range, marking a bullish trend. However, failure to breach this ceiling may lead to a pullback toward $104,000, where previous demand has stepped in. The Relative Strength Index (RSI) is neutral, suggesting that there is room for momentum to build, while the Moving Average Convergence Divergence (MACD) shows a bullish crossover, that is hinting at potential upward momentum, BTC is still trading below the EMA, which means bulls need to prove strength for a confirmed breakout. Bitcoin Stable At $108,000 — Market Cooling, Not Crashing In an update on X, Chad_TattoosMD also emphasized that Bitcoin is showing resilience and holding strong around the $108,000 level despite the recent dip. BTC is maintaining its structure and refusing to break lower, which is a sign of underlying buyer confidence. Related Reading: Bitcoin Traders Are Betting Against the Rally, Will It Backfire? The Relative Strength Index (RSI) sits at neutral 54, indicating no extreme momentum in either direction. Meanwhile, the Stochastic (RSI) has entered overbought territory and is now cooling off, hinting at a potential short-term pullback. However, nothing on the chart suggests a breakdown is imminent. Chad_TattoosMD also points to $106,000 as the key support, and $112,000 as the resistance, which remains in a tight zone on the chart. Featured image from iStock images, chart from tradingview.com
The Bitcoin market appears to be coiling for a major move, according to prominent crypto analyst CrediBull Crypto (@CredibleCrypto), who highlighted today via X that over 80% of all Bitcoin in existence is currently being held by long-term investors—levels of supply constraint previously seen only at major inflection points in Bitcoin’s price history. Why No One’s Selling Bitcoin In his post, CrediBull noted, “The only 2 times in Bitcoin’s 15 year history that this % was higher was at 43k before a $30,000 impulse to 73k and at 58k before a $50,000 impulse to 105k+.” Drawing on this historical precedent, he concluded that the market is poised for another massive leg up: “When the majority of $BTC total circulating supply is cornered by ‘diamond hands’, price moves up aggressively at the hint of any ‘new’ demand.” With “excess” supply now redistributed to long-term holders and institutional entities such as Bitcoin treasury companies increasingly taking the lead, the analyst sees a clear signal: “The next impulse IS IMMINENT. This next one will also likely be even bigger than the last two ($50,000+). Who’s ready for 150k+ Bitcoin?” Related Reading: 2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals The optimism is not without a technical underpinning. In a previous post, CrediBull addressed the current market structure and his own Elliott Wave-based scenario planning: “My original count/idea shared a few days ago had us rejecting at range highs above 110k and seeing a pullback down to the BLUE zone at 102k-ish before moving sideways for a few more weeks before the next impulse begins.”However, the analyst acknowledged a significant alternative possibility: “I do still think this scenario is probable, I also recognize that there is a non-zero chance that the next impulse up has already begun (most bullish scenario depicted).” Given the price action and structure, CrediBull argued that the risk-reward profile no longer favors bearish positioning. “In either case, downside is relatively limited on Bitcoin from current levels imo and so focus should be on identifying potential long opps on Bitcoin rather than looking to short clear strength.” Related Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know He punctuated the point with a rhetorical jab: “Why is it now illegal to short Bitcoin? Because there is a non-zero chance that the next impulse up has already begun.” Adding a layer of technical confirmation, analyst Axel Adler Jr provided a concurrent signal from volatility metrics. Adler pointed to a significant Bollinger Bands squeeze underway, writing: “The range between the upper and lower boundaries has fallen to 7.7%—one of the lowest values throughout the entire bull cycle.” Such compressions in volatility historically precede large directional moves. Adler explained, “The decrease in volatility indicates energy accumulation in the market; the price is ready for a rally, and in an upward trend environment, the chances of an upward breakout are significantly higher.” In the current cycle, Adler has identified six episodes of such squeezes. Four were immediately followed by strong price appreciation, while the remaining two saw brief corrections before continuing upward. The takeaway: “Based on this experience, the current squeeze most likely foreshadows another upward impulse, although a small consolidation before the move is also not ruled out.” With long-term holders now controlling an overwhelming share of supply, bullish technical compression in play, and institutional adoption continuing to absorb circulating coins, the environment CrediBull describes echoes past moments of explosive upside. While nothing is guaranteed, the combination of on-chain metrics and technical indicators suggest Bitcoin’s next chapter may already be beginning—quietly, beneath the surface. At press time, BTC traded at $108,738. Featured image created with DALL.E, chart from TradingView.com
Bitcoin’s recent price action is holding firm above the $108,000 level despite a string of minor pullbacks in recent trading sessions. Notably, CoinGecko data shows that the Bitcoin price has climbed to an intraday high of $109,116, but it wasn’t able to hold above and has retreated slightly lower at the time of writing. Volatility has been relatively subdued for Bitcoin above $106,000. However, Doctor Profit, a well-followed crypto analyst, believes Bitcoin is still in a bullish structure, and he outlined two likely paths for the next major move. Bull Flag And Breakout To $130,000 With Retest The first scenario outlined by Doctor Profit involves a breakout to a price level between $113,000 and $114,000, which would take Bitcoin to a new all-time high in the process. However, this all-time high would be very brief. According to this scenario, a sharp correction is expected to follow once Bitcoin reaches this range. Related Reading: Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins This correction will send the price back down into the $92,000 to $93,000 range to fill a CME gap and tap into a major liquidity pool. Rather than causing panic, the analyst views this move as part of a bullish continuation. This potential retracement zone is clearly marked on Doctor Profit’s daily candlestick chart with the message “Add more if market allows.” The pullback, if it happens, would serve to reset the market and initiate a bounce before Bitcoin resumes its upward trajectory to $120,000 again. Direct Rally To $120,000 Without Retest The second path skips the correction altogether. In this scenario, Bitcoin breaks through the flag resistance to rally past $113,000. From there, the scenario sees Bitcoin continuing upward without returning to the lower support zones. The move hinges on the ability of Bitcoin to gain momentum rapidly and lead to a strong push toward $120,000. Doctor Profit points out that this option is a more aggressive bullish continuation, and both scenarios are valid for bullish price targets in the long term. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline He also debunked fears surrounding the sudden movement of a dormant Satoshi-era whale wallet containing 80,000 BTC. The analyst believes the transfer was likely an over-the-counter deal between a large private entity and an institution or government and not a sign of looming sell pressure. Volatility is going to be very low in the coming days, as there are no macro market events that can cause price volatility. FOMC meeting minutes are due Wednesday, and there are going to be US unemployment claims on Thursday, but both are low-volatility events. Nonetheless, the $113,000 to $114,000 price range is the most important level to watch in both scenarios. What follows from there, a sharp correction or a straight continuation, will define the speed of the next leg to $120,000. At the time of writing, Bitcoin is trading at $108,270. Featured image from Pixabay, chart from Tradingview.com
In a conversation with The Bitcoin Economy podcast, Bloomberg Intelligence ETF analyst James Seyffart argued that the next, and potentially largest, leg of institutional demand for spot-Bitcoin exchange-traded funds will not come from pension funds, endowments, or sovereign wealth managers. Instead, it will arise when the country’s fragmented network of registered investment advisers (RIAs) finally gains full discretionary clearance to recommend Bitcoin ETFs to ordinary clients. “The biggest bull case for the ETFs has been the unlocking of RIAs in 2025,” Seyffart said. “Right now the vast majority of the assets are stuck in that middle ground where, if a client specifically asks to buy a Bitcoin ETF, the adviser can act—but the adviser cannot initiate the recommendation.” The Biggest Bull Case For Bitcoin In 2025 Seyffart broke the compliance bottleneck into a traffic-light schema that most financial advisers will recognise. A red-light firm bars Bitcoin entirely; a yellow-light firm permits unsolicited purchases (“If you come to me and ask for it, I can do it”); and a green-light firm allows the adviser to solicit an allocation (“I can recommend that you put two percent of your portfolio in Bitcoin”). Related Reading: Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know Wire-house broker–dealers—which still custody trillions of dollars—largely remain in the red or yellow camps, paralysed by multi-year due-diligence committees. Independent RIAs, by contrast, “were the early adopters,” Seyffart noted, because they “don’t have to wait for a due-diligence team of a bunch of people sitting in New York.” Yet even among independents, most advisers outsource portfolio construction to centralised model portfolios; until those models flag Bitcoin ETFs as eligible holdings, discretionary uptake will stay muted. Seyffart’s focus on 2025 is calendrical, not calendrical: the first full-calendar year after launch gives compliance teams twelve months of daily NAV history—often a hard requirement before a new ETF can graduate from yellow to green status. “Usually it can take two to three years before an ETF gets approved,” he said, but the extraordinary size and liquidity of the spot-Bitcoin cohort is already accelerating that cycle. Crucially, the next Form 13F reporting deadline on 15 August 2025 will reveal second-quarter holdings as of 30 June. Seyffart expects the data to confirm that “a lot more RIAs have come online and [are] buying this for their clients,” providing the first concrete measure of green-light conversions. Related Reading: Bitcoin In For Another 460% Run? This Rare Fiat Signal Just Returned If the gatekeeping retreats, model-portfolio architects can incorporate Bitcoin’s historically uncorrelated returns into strategic-allocation frameworks. That in turn would grant advisers legal cover to solicit Bitcoin exposure, unleashing a flywheel of inflows. Seyffart cautioned that the same compliance teams will demand iron-clad fiduciary justifications—volatility, custody and tax treatment remain live concerns—but he argued that the ETFs now provide a wrapper familiar to any wealth platform. Seyffart’s thesis is that the moment a critical mass of compliance committees flips from yellow to green—allowing advisers to recommend Bitcoin rather than merely transact it—flows could dwarf everything seen to date. Whether that inflection arrives in the next 12 months will determine, in his view, “the biggest bull case for Bitcoin.” At press time, BTC traded at $108,250. Featured image created with DALL.E, chart from TradingView.com
Despite the Bitcoin price holding up quite nicely above $100,000 and remaining very close to its all-time high levels, there continues to be expectations of a massive crash that would rock the market. Pseudonymous crypto analyst FriendlyRox points to a number of indicators for this, going from volume to momentum, all pointing to a possible price crash. What is the expected result of this? Losing the $100,000 psychological level and then falling to previous peaks. Bitcoin Price At Risk With Dwindling Volume And Momentum In the analysis, FriendlyRox highlighted the decline in major metrics such as momentum and volume as the major driver of the forecasted price crash. This comes amid bullish news dominating the headlines, such as institutions increasing their Bitcoin holdings and supply on exchanges falling toward new lows, meaning investors are choosing to hold for higher prices. Related Reading: Ethereum Ready For Explosive Breakout: $5,791 The Minimum Target–Analyst The decline in the volume has been apparent after the Bitcoin price had fallen below $100,000 before bouncing back up in June. So far, in the month of July, the Bitcoin trading volumes have trended lower, with data from Coinglass showing consistent daily volumes below $100 billion. At the same time, there has also been a decline in momentum, with the analyst pointing out a negative divergence in this metric. Furthermore, the Bitcoin price has also flashed a historical trend that has usually predated market tops. This is price reaching the 50 EMA (Exponential Moving Average) and then retracing. FriendlyRox revealed that in the past, whenever the price touched the 50 EMA and then extended back, it usually signalled a crash, and the Bitcoin price has done this now, extending even further. Other metrics that have also flashed bearishness include the RSI and the MACD, both of which are now showing a loss of momentum as they moved into the negative. All of these factors happening together at the same time have painted a pretty bleak picture for the leading cryptocurrency by market cap. BTC Bottom Targets With the lineup of bearish developments, the crypto analyst has predicted an approximately 50% from here. As volume continues to decrease and momentum slides into the negative, they expect that the Bitcoin price will be looking to retrace back to the 50 EMA. Related Reading: Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown The interesting fact here is that the 50 EMA falls below the previous Bitcoin price peak, putting it at $60,000. A crash of this magnitude would only be rivaled by the COVID crash in 2020 and the FTX-induced market crash back in 2022. But nevertheless, it would mean a wipeout for altcoins across the board. As for the timeframe for when this could happen, there is no definite timeline. Going by the analyst’s chart, it could take a couple of years for this to completely play out, with the analyst closing with: “Let us see how it unfolds.” Featured image from Dall.E, chart from TradingView.com
After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support before continuing its rally to new highs. Some analysts have suggested that the cryptocurrency may be experiencing a “calm before the storm” phase. Related Reading: Brazil’s Central Bank Hacked—$40M In Crypto Washed In Aftermath Bitcoin Set For Key Support Confirmations Bitcoin managed to close above two crucial levels over the past few days, recording its highest weekly close in history. Last week, the flagship crypto positioned itself for a reclaim of its final major weekly resistance around $109,000 after nearing this area for four days. On Sunday, BTC surged above the key barrier and closed the week around the $109,200 mark, also successfully confirming its diagonal daily trendline as support. Now, the cryptocurrency is retesting the final resistance to confirm the breakout. Rekt Capital affirmed that the goal is to turn this resistance into support, as it could push BTC to new all-time highs (ATH). He explained that “given how price barely Weekly Closed above the final Weekly resistance, it offers very little chance for price to cleanly retest this level into support; that is, this retest is likely going to be a volatile one.” Nonetheless, the analyst noted that the cryptocurrency has significant High Timeframe (HTF) support beneath it that “should act as a demand area to springboard price into Price Discovery Uptrend 2 over time.” Notably, Bitcoin reclaimed and held the high zone of its re-accumulation range, around the $104,400 mark, as support over the past two weeks. Meanwhile, June Monthly Closed above the $102,464 level and retested it post-breakout “to enable this current July upside candle,” setting it as a monthly support. Additionally, the $107,244 level also emerged as a crucial area after last month’s close, driving BTC “back to its retesting phase.” BTC To Breakout After The Summer? Rekt Capital considers BTC’s current phase as “the calm before the storm,” adding that “for as long as the post-breakout retest will continue, Bitcoin will continue to be positioned for its second Price Discovery Uptrend.” However, he pointed out that it is currently locked between $104,400 and $111,000 levels so far this month. Daan Crypto Trader warned investors that the upcoming days could be crucial for BTC’s price action this month. He highlighted that Bitcoin has tended to set its monthly high or low within the first 12 days over 80% of the time, before price trends around 20% in the opposite direction. Remarkably, June was an exception after Bitcoin remained relatively stable with only small moves in each direction. Now, the analyst thinks it’s time to be “on the lookout again for any big move up or down within the first 12 days” to potentially determine BTC’s trend for the rest of the month. “For now, there has been little action in July yet,” Daan stated, but added that “technically, we’re still looking perfectly” around the current levels. He asserted that, with the slower pace during the summer, BTC could remain within its current range until a real move up begins at the end of Q3 and start of Q4. Related Reading: Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key The trader concluded that the cryptocurrency must officially break out of its range before investors get excited for “much higher later this year.” As of this writing, Bitcoin is trading at $107,973, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The liquidity engine that has supported risk assets, including Bitcoin, since the beginning of 2025 is now shifting into reverse. According to macro analyst Tomas (@TomasOnMarkets), the six-month upswing in Federal Reserve liquidity has ended, and a potentially destabilizing wave of debt issuance by the US Treasury is about to begin. In a post published on X late Sunday, Tomas warned: “ Federal Reserve Liquidity set to fall… The Fed liquidity upswing that began on January 1 2025 is now over.” Bitcoin Enters Danger Zone The catalyst behind this reversal is the recent $5 trillion debt ceiling increase passed by Congress last week. That legislative decision gives the Treasury Department the green light to aggressively rebuild its cash balance at the Federal Reserve—known as the Treasury General Account (TGA)—which had been intentionally drained to inject liquidity into the system during the first half of the year. “The US Government had previously been draining the Treasury General Account (liquidity injection). But a new debt ceiling agreement was reached last week ($5 trillion raise). This means the Government will start to flood the market with new debt to ‘refill’ the TGA (liquidity drain),” Tomas wrote. He emphasized that the refill target is currently set at $850 billion, up from recent levels around $350 billion, implying roughly $500 billion in liquidity will be removed from the system in the coming months. Related Reading: Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means The implications for Bitcoin are stark. Risk assets have historically benefited from rising dollar liquidity—particularly in the context of elevated ETF inflows, corporate adoption, and a weakening US dollar. But that backdrop is now shifting. As Tomas put it, “All else being equal, this TGA rebuild process should be bullish for the US dollar.” A strengthening dollar, when coupled with falling bank reserves, is generally a bearish environment for Bitcoin. The pressure on liquidity won’t necessarily come all at once, but the mechanics are clear. Treasury will issue large volumes of new short-term debt—primarily T-bills—to finance the TGA refill. This issuance will compete with other dollar-denominated assets for funding, draining cash out of banks and money markets. Tomas notes that this dynamic could be softened if money market funds rotate their cash out of the Fed’s Overnight Reverse Repo Facility, which still holds about $214 billion. “It’s possible that Treasury Secretary Scott Bessent could lower the target level, meaning less of a refill,” he adds. “I’d expect we may see a lot of T-bill issuance, which could tempt some of the remaining $214bn left in the Reverse Repo to leave the facility (liquidity injection) and lessen any negative impact of the TGA refill.” Still, even with some reallocation from RRP, Tomas expects the overall effect to reduce reserve balances—bank reserves as a percentage of GDP are likely to fall below 10%, he estimates. While this is not as dire as the 7% level reached in 2019 (which triggered the repo crisis), it represents a sharp tightening compared to the first half of this year. “There could be some funding stress around the end of September (end-of-quarter),” Tomas cautioned. Related Reading: Bitcoin Breakout Is A Trap—Analyst Predicts Pain Before $160,000 Surge Bitcoin’s performance has coincided with the exact window Tomas outlines as a liquidity upswing. As documented, Bitcoin’s price has closely tracked the direction of aggregate G5 central bank balance sheets and the level of US bank reserves. When those reserves shrink—especially in the face of stronger Treasury issuance and a rebounding dollar—Bitcoin has historically struggled to sustain upside momentum. This concern is compounded by Tomas’s warning that speculative short positioning against the dollar has reached extremes. “Back in January, I was shouting about a fall in the dollar. Now everybody and their mothers are bearish on the dollar, and positioning is massively short across the board. It’s time for, at the very least, an upward correction/consolidation for the US dollar, in my opinion.” Such a reversal in the dollar would mark a critical macro headwind for Bitcoin. The 90-day rolling correlation between Bitcoin and the US Dollar Index (DXY) remains firmly negative. In environments where the dollar strengthens—especially when driven by tightening liquidity—Bitcoin has rarely outperformed. The next several weeks will be critical. If Treasury proceeds with aggressive issuance and market participants demand higher yields, liquidity could tighten faster than anticipated. While Tomas does leave open the possibility that Secretary Bessent may adjust the TGA target downward, the baseline scenario remains a $500 billion net liquidity drain—directly reversing the conditions that allowed Bitcoin to surge. At press time, BTC traded at $108,148. Featured image created with DALL.E, chart from TradingView.com
Bitcoin is currently on the path to holding a strong footing above $109,000 after reclaiming the $108,000 price level in the past seven days. Notably, Bitcoin’s price has gained more than $3,000 over the past week, with bullish momentum building steadily across the broader crypto market. Bitcoin is once again flirting with all-time highs, and popular crypto analyst Merlijn The Trader recently shared a technical analysis on social media that claims Bitcoin has now entered its third parabolic phase. His chart places Bitcoin right on track for another historic climb to crazy price targets even in 2025. Bitcoin Following Familiar Price Schedule According to Merlijn’s analysis, Bitcoin’s current market structure is mimicking its past two parabolic rallies that took place in 2017 and 2021. Just like in previous cycles, Bitcoin’s current price cycle has moved through a prolonged consolidation phase and gradually grinded upward. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline The next thing now is a vertical breakout. A weekly chart that followed his post on the social media platform X highlighted this trend with three red bowl-shaped curves, each leading into a green “Parabolic Phase” box that represents the final leg of each bull run. The price action so far in 2024 and 2025 has continued to trace this same path. The curve that began forming after the 2022 bottom is now tilting upward sharply. Interestingly, Bitcoin bounced cleanly off the lower arc during its April crash to $74,000, just as it did in 2016 and 2020 before launching into new all-time highs. Crypto analyst Merlijn believes this rebound is the strongest indication yet that the final breakout phase is approaching. No Second Chances: Here’s The Price Target According to the analyst, Bitcoin’s current price structure on the weekly chart has never failed in previous cycles. However, anyone waiting on the sidelines may miss the move entirely. “Bitcoin bounced off the parabolic curve support, momentum is building, and if history rhymes with the biggest burst of the move, this parabolic phase does not give second chances,” he explained. Related Reading: Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish The most interesting part of Merlijn’s forecast is the price target itself. Based on the chart he shared, the green parabolic zone for 2025 extends as high as $335,000, representing more than a 205% rally from current levels. The mid-region of the box is around $150,000, making even the conservative price target significantly higher than Bitcoin’s current price. This prediction is based on the magnitude of previous parabolic runs, which saw Bitcoin increase by over 2,000% in 2017 and more than 1,300% from its 2020 lows to its 2021 peak. If the third phase delivers a similar rally, the path to $335,000 may not be far-fetched. At the time of writing, Bitcoin is trading at $108,850, having reached an intraday high of $109,574. Featured image from Getty Images, chart from Tradingview.com
The price of Bitcoin (BTC) has not been particularly impressive over the weekend, which has been a somewhat consistent theme of the cryptocurrency market so far in the year 2025. The premier cryptocurrency continues to hover around the $108,000 mark, showing signs of indecision amongst the investors. With the coin’s indecisive price action, the conversation has been about when the Bitcoin price will return to its all-time high. Interestingly, the latest on-chain data shows that investors are becoming increasingly confident in the long-term promise of the flagship cryptocurrency. Bitcoin Exchange Inflow/Outflow Ratio Below 1: On-Chain Analyst In a July 5 post on the X platform, an on-chain analyst with the pseudonym Darkfost revealed that Bitcoin has continued to flow out of centralized exchanges over the past few months. The online crypto pundit mentioned that this trend reflects the growing confidence of investors in the long term. Related Reading: Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins This on-chain observation is based on the Bitcoin Exchange Inflow/Outflow Ratio 30DMA, a metric that measures the volume of BTC flowing in and out of centralized exchanges over a period of 30 days. A high ratio (>1) indicates more inflows than outflows into exchanges, signaling increased selling pressure for the premier cryptocurrency. On the other hand, a low ratio (
Bitcoin started the month of July with a convincing rally to the upside, suggesting a sustained bullish sentiment amongst investors from its performance by the end of June. The upward rally, however, cooled off following the release of positive employment data by the United States. Traders might have expected this data to be typically bullish, but that has hardly been the reality for the Bitcoin price. Nevertheless, a certain investor cohort, as shown by on-chain revelation, has decided to return to the market and bet on the world’s largest cryptocurrency by market capitalization. Retail Investors In, Long-Term Holders Out? In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha highlighted the increasing divergence between retail and institutional behavior in the BTC market. Related Reading: No Room For Bears: Bitcoin Bullish MACD, Monthly Close Fuel Bullish Outlook Taha started by pointing out that Binance Bitcoin futures Open Interest (OI) has remained below $11.5 billion. The crypto pundit explained that this price level has been acting as strong resistance, as Bitcoin traders have repeatedly closed positions near this price threshold. Interestingly, these levels are very close to the same price region around which resistance was observed on June 10th. Taha stated that this could mean the bullish momentum is beginning to wane for the flagship cryptocurrency. On another hand, short-term holders (STH), who are typically the retail traders, have increased their exposure to the market by about 382,000 BTC. This can only mean that there has been renewed retail interest in the flagship cryptocurrency. Contrary to the short-term holders’ actions, the long-term holders (LTH) reduced their holdings by an amount similar to the STH exposure. Taha explained that this could be a result of profit taking or risk management within this investor class. In essence, the retail investors are “buying the dip,” while the more experienced are seemingly reducing their risks. Bitcoin Whales Enter Distribution Phase Also supporting the conceived idea of caution in institutions and whales, Taha reported that large holders (holders with over 10,000 BTC) offloaded about 12,000 BTC on the 3rd of July. This kind of move, according to the analyst, signals potential profit taking or perhaps strategic reallocation. Besides what they might signify, large transactions tend to have a substantial impact on market dynamics, as significant amounts of BTC are involved in each trade. However, the large holders were not the only profit takers. According to Taha, mid-sized whales (those holding 1,000-10,000 BTC) also shed some of their holdings. From June 30th, approximately 14,000 BTC were sold by this class. Deducible from these transactions is the idea that the whales seem to be in their distribution phase, either because they anticipate further bearish momentum or await better positioning opportunities. If macro conditions remain favorable, the Bitcoin market could resume its bullish rally, but this ultimately falls on the renewal of larger players’ confidence. For now, the road ahead remains uncertain. As of this writing, Bitcoin is valued at $108,152, with no significant movement in the past 24 hours. Related Reading: Bitcoin Price To See 52% Increase To $166,000, Analyst Reveals Tight Timeline Featured image from iStock, chart from TradingView
The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the flagship cryptocurrency has maintained its movements around $108,000 – $110,000 region. While Bitcoin still retains its bullish market structure, recent on-chain data calls for a level of caution when investors are looking for opportunities in the market. Bitcoin Sentiment Recovers From Bearish In a July 4 post on the social media platform X, crypto analytics firm Alphractal revealed that the Bitcoin investor sentiment is “very bullish.” This on-chain observation is based on the Alpha Crypto Sentiment Gauge metric. Related Reading: XRP’s 30% Jump To $2.8: Analyst Says This ‘Classic Confirmation’ Must Happen First As its name suggests, the indicator evaluates the emotions of investors in the market, ranging from extreme fear to euphoria. These emotions are represented as color-coded interpretations, usually in red, yellow, light green, and dark green, and these further represent investor sentiment ranging from bearish to very bullish. In the chart shared by Alphractal above, the appearance of a dark green colour signals that the market sentiment is “very bullish” at the moment. Prior to their July 4 post, Alphractal reported in a June 23 post that the market sentiment was flashing bearish signals. In the post on X, the analytics firm warned that the bears could be in trouble. Interestingly, the bears were indeed in trouble, as Bitcoin picked up more buying momentum, consequently liquidating several bearish positions. However, Alphractal explained that sighting green does not necessarily mean the market may be at a top. Instead, it signals that euphoria is taking over the market, which, according to the analytics firm, unlocks a wave of opportunities for Bitcoin buyers. Alphractal said: On the other hand, red zones are usually short-lived, but offer exceptional buy opportunities — like no other indicator can. As the market displayed, the bearish signal interpreted from the Sentiment Gauge eventually provided more buying opportunities. Growing market euphoria is not the only meaning that can be derived from a green signal in the market. It could also serve as a warning for potential overconfidence in the market as Bitcoin continues to gain value. If history is anything to go by, the market could experience rapid price expansions and an increase in investor risk-on approach. On the other hand, the “very bullish” sentiment could also precede sharp corrections, especially if fueled by crowd emotion, rather than market fundamentals. Whether this green sentiment signals the next price leg up, or the establishment of a market top is yet to be known — as a result, traders are advised to remain alert. Bitcoin Price At A Glance After its early show of strength on Thursday, Bitcoin has lost nearly 2% of its value in the past 24 hours. As of this writing, the premier cryptocurrency is valued at about $107,754. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says Featured image from iStock, chart from TradingView
Bitcoin has been gaining strength over the past several days, with price action relaying the buying interest from institutional players. A surge of inflows into spot Bitcoin ETFs helped push the price to $109,758, followed shortly after by another move to around $110,386 in the past 24 hours. This brings Bitcoin within close proximity to its price peak just above $111,000. Now that momentum is clearly leaning bullish, technical analysis shows a breakout that could see Bitcoin increase by another 52% within the next three months. Fibonacci Extension Model Points To $166,000 Price Target CryptoCon shared a chart based on Fibonacci extensions that places the next major upside target at $166,754. This level corresponds to the 5.618 Fibonacci ratio and marks a projected 52% increase from the current region around $109,000. The analyst highlighted how previous Fibonacci extension levels like $30,362, $46,831, $71,591, and $109,236, have all aligned with important points for Bitcoin’s price action throughout the ongoing cycle. Related Reading: Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish According to CryptoCon, this model has consistently tracked Bitcoin’s moves over the past two years. As shown in the price chart below, the 1.618, 2.618, 3.618, and 4.618 Fibonacci extension levels have all been reached this cycle, with the latest being $109,236 at the 4.618 Fib level. Keeping this in mind, the next Fibonacci extension level is at 5.618, which corresponds to $166,754. The $166,000 mark has remained unchanged as the cycle’s next projection. But although the timing has proven difficult to nail down, the structure of the chart is still intact and continues to validate the target. Bitcoin’s price action is currently sitting just above the 4.618 extension level, and a 52% rally from here would complete the pattern. Revised Timeline Pushes Target To September Although the projection for $166,000 is still consistent, the timeline to reach it has undergone several adjustments. CryptoCon estimates that Bitcoin could reach the $166,000 level by September; however, he also acknowledged that the forecast has shifted several times. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move He explained that the current cycle has taken longer than any previous one, which has caused earlier predictions to be delayed. To put this in perspective, Bitcoin’s current cycle began in late 2022 after it reached a bottom around $15,000 during the bear market. This means the current bull phase has dragged on for almost three years. Still, data has shown over and over that the cycle is not finished, and so the only thing left to do is to wait. At the time of writing, Bitcoin is trading at $109,110. If the $160,000 price target is eventually reached in September, the next outlook would be a possible move to the 6.618 Fib extension, which is sitting at a price target of $254,162. Featured image from Pixabay, chart from Tradingview.com
Bitcoin may be breaking out—but don’t celebrate yet. Crypto analyst Cristian Chifoi warns that the current move is a deceptive setup likely to trap bullish traders before Bitcoin eventually surges toward $160,000. In his latest YouTube video titled “Bitcoin is breaking out! But why is it bad?”, Chifoi dismantles the optimism surrounding Bitcoin’s recent price action, arguing that this rally is not the start of a true bull run, but a temporary fakeout designed to mislead. Don’t Trust The Bitcoin Pump “From a technical standpoint, this could mean a real breakout, retest, and then continuation,” Chifoi admits. “But in my opinion, this is a false breakout which can get to a new shallow all-time high, maybe $113,000, maybe $120,000 until something like July 10 to 12—then we come back in this channel before July 20.” His thesis hinges on Bitcoin seasonality, a pattern he has explored in earlier videos, which suggests the real macro pivot will only arrive later in the month. “I’m more bullish from July 20 into the start of September,” he says. Related Reading: Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report Chifoi argues that retail traders are likely to pile in during the breakout retest phase, only to be shaken out as market makers use the liquidity to reverse the trend. “The majority of retail traders would go long here on a retest. The market makers will get their money,” he warns, predicting a trap that could drag Bitcoin down to levels near $97,000 before the real uptrend resumes. His analysis extends beyond simple technicals. Chifoi points to macroeconomic sentiment and Fed policy as crucial context, particularly emphasizing that rate cuts would actually be a bearish signal—not bullish as commonly believed. “Rate cuts this year would not be bullish at all,” he insists. “It’s not Powell who decides, it’s the bond market who decides when the rate cuts should come… and when that is happening, it’s because they need to panic cut.” Chifoi stresses that the best-case scenario for bulls is actually no rate cuts, at least for now. “Just keep the rates at 4.5% maybe until year end. If this happens, I’m 100% sure that the market will go higher and higher before this starts to happen.” Related Reading: Buy Bitcoin Before Jackson Hole—Or Regret It Forever, Says Arthur Hayes Beyond Bitcoin, Chifoi forecasts a synchronized move across the broader crypto market once the July 20 pivot takes place. He highlights Ethereum, XRP, DeFi tokens like CRV, and ISO-compliant coins such as IOTA, ADA, and Quant as potential beneficiaries. “Bitcoin would drag all the crypto space with it,” he says, adding that older players like Filecoin and Polkadot could also catch a bid. Mid-Term Price Target Looking further ahead, Chifoi describes the coming period as a “stablecoin super cycle,” with DeFi projects and yield-generating protocols positioned to gain the most from Wall Street’s hunger for yield. “In crypto, only DeFi projects get you yields,” he explains. “Wall Street is boiling up for yields.” He also reaffirms his macro thesis that the current financial system is on track to be replaced, likening the transition to the 1930s move from gold to fiat. “After 100 years of this exact system, this should be replaced by another system with liquidity in it,” he says, envisioning a cryptographic banking future. Despite the short-term turbulence he expects, Chifoi remains long-term bullish. His price target of $160,000 for Bitcoin by early September reflects a belief in accelerated expansion—fueled by seasonality, delayed policy pivots, and broader adoption. In closing, Chifoi reminds his audience to zoom out and trust the high time frame signals. Referencing Bollinger Bands on the two-month chart, he notes the beginning of another expansion phase similar to late 2020. “After that, the bear market begins,” he cautions. But until then, the ride could be fast—and extremely volatile. “The next time we cut [rates], it is a big deal and something is wrong,” he concludes. “For now, we just want the cuts going higher for longer.” At press time, BTC traded at $108,848. Featured image created with DALL.E, chart from TradingView.com
The wait for altcoin season continues as the crypto market is still showing signs of bearish movement. Expectations are high that the altcoin market will begin to rally soon, but not everyone is optimistic that the altcoin season is coming. One of those is market analyst and expert Stockmoney Lizards, who has said that it is not happening soon. Altcoin Season Is Not Happening Soon In an X (formerly Twitter) post, Stockmoney Lizards informed their over 160,000 followers that the altcoin season could not be happening anytime soon. The analyst said that it is “not even remotely close”, pointing to the rising Bitcoin dominance as the reason why the altcoin season is still far off. Related Reading: Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement Analyzing the chart, the market expert explains that despite the Bitcoin dominance having fallen by around 2%, it still doesn’t mean much. This is because the dominance is still very strong and continues to trade inside the channel. This channel also charts a possible increase in the Bitcoin dominance from here, which would be detrimental for altcoins. So far, the Bitcoin dominance has also managed to hold above 65%. While this is not the highest it has ever been, it is still incredibly high, with previous altcoin seasons not happening until the dominance had fallen toward 40%. The analyst doesn’t entirely rule out the possibility of an altcoin season, saying it will still come. However, for now, Bitcoin continues to dominate, as he explains that “BTC is the measure of all things.” Altcoin Dominance Reaches 2021 Levels As the Bitcoin dominance has risen and the altcoin dominance has fallen, they have gone toward levels not seen in years. For example, the last time the Bitcoin dominance was above 65% was back in 2021 before it crashed to usher in the altcoin season, according to data from CoinMarketCap. Related Reading: AI Founder Puts XRP Price As High As $20-$30 Even worse is the Ethereum dominance, which has dropped to 5-year lows. Sitting at only 8%, it is now at levels recorded back in 2020 before the market rebounded from the COVID-19 crash. This has greatly diminished Ethereum’s ability to pull the altcoin market up with it. In the same vein, the altcoin dominance, excluding Ethereum, has now dropped to 26%. The last time that the OTHERS dominance was this low was in 2021. However, this was right around when the altcoin season was starting, suggesting that the current market could be at the cusp of another altcoin run. Nevertheless, for there to be any sustainable altcoin season, the Bitcoin dominance must first crash. Going by what happened back in 2017 and 2021, at least a 40% crash in the Bitcoin dominance is required to usher in the altcoin season. Featured image from Getty Images, chart from TradingView.com
According to a new analysis shared by crypto analyst Tony “The Bull” Severino, Bitcoin has just closed the quarterly chart with a perfected TD9 sell setup. This is actually interesting, because it adds a possibly long timeline before Bitcoin can reach any further significant price target. Most of Bitcoin’s daily candles in the past seven days have shown mild upward pressure supported by positive sentiment from various technical analyses. However, according to the TD9 setup, Bitcoin could take up to four years to reach $149,000. TD9 Setup Hints At Slow Climb To $149,000 The TD9 is a component of the TD Sequential indicator, which is often used to identify trend exhaustion, potential reversals, and possible trend changes. Interestingly, what makes this particular signal notable at this point is that it is now projecting a TD Risk level of $149,490, which is essentially a price target for Bitcoin. But if past patterns on the TD9 indicator are anything to go by, getting there might take much longer than bulls expect. Related Reading: Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement In 2017, a similar perfected TD9 appeared during Bitcoin’s first rally to $20,000. At the time, the TD Risk was projected at $35,000. It wasn’t until late 2020, roughly four years later, that Bitcoin finally reached and broke above that level. A prior occurrence in 2014 offered the same story. Back then in 2014, the TD9 setup projected a TD Risk of $2,400, but it took approximately 3.5 years to cross that threshold. Now, despite the bullish sentiment today, this historical precedent suggests it could take similar years before the $149,490 target being currently projected by the TD Risk is finally tested or breached. The 3-month candlestick price chart shown above provides a visual analysis of this projection. From the 2014 cycle low, it took 915 days across 10 quarterly candles for Bitcoin to reach its next high. After the 2017 signal, it took 1,096 days (or 12 quarterly candlesticks) for BTC to finally surpass the projected TD Risk level. Bitcoin Price Action On Gradual Climb Bitcoin has spent the past seven days in a steady but modest uptrend, rising approximately 1.5% from a weekly low around $105,430 to the current range between $109,240 and $109,600. During this move, Bitcoin’s price action tested and retested resistance in the $108,200 to $108,800 zone several times in the past 24 hours. However, it ultimately pushed higher, showing a slow but stable bullish undertone. Related Reading: Analyst Calls For Bitcoin Crash As Price Pulls Above $108,000 — Details At the time of writing, Bitcoin is trading at $109,330, up by 2% in the past 24 hours. It is currently about a 36% move away from reaching the $149,490 price target. However, if Tony Severino’s timeline on the TD9 Risk setup does play out, it wouldn’t be until sometime around July 2029 before Bitcoin reaches the $149,490 price target. Featured image from Pixabay, chart from Tradingview.com
Arthur Hayes has published a new essay, “Quid Pro Stablecoin,” arguing that the United States’ sudden political enthusiasm for bank-issued stablecoins is less about “financial freedom” and more about arming the Treasury with a multi-trillion-dollar “liquidity bazooka.” The former BitMEX chief—writing in his personal newsletter—contends that investors who postpone buying Bitcoin until the Federal Reserve resumes quantitative easing will serve as “exit liquidity” for those who bought earlier. How The Money Printer Is Already Warming Up At the core of Hayes’ thesis is the claim that eight “too-big-to-fail” banks hold roughly $6.8 trillion in demand and time deposits that can be transformed into on-chain dollars. Once customers migrate from legacy accounts to bank stablecoins—he cites JPMorgan’s forthcoming “JPMD” token as the template—those deposits become collateral that can be recycled into Treasury bills. “Adoption of stablecoins by TBTF banks creates up to $6.8 trillion of T-bill buying power,” he writes, adding that the product simultaneously slashes compliance overhead because “an AI agent trained on the corpus of relevant compliance regulations can perfectly ensure that certain transactions are never approved.” Related Reading: Bitcoin Seasonality: Why Summer 2025 Will Catch Everyone Off Guard Hayes layers a second mechanism on top of the stablecoin flow. If Congress strips the Federal Reserve of its ability to pay interest on reserve balances—a proposal floated by Senator Ted Cruz—banks would have to replace that lost income by buying short-dated Treasuries. He estimates the policy could “liberate another $3.3 trillion of inert reserves,” bringing the prospective fire-power for government debt purchases to $10.1 trillion. “This $10.1 trillion liquidity injection will act upon risky assets in the same way Bad Gurl Yellen’s $2.5 trillion injection did… PUMP UP THE JAM!” Hayes asserts. The essay frames the bipartisan GENIUS Act as the legislative linchpin. By barring non-banks from issuing interest-bearing stablecoins, Washington “hands the stablecoin market to banks,” ensuring that fintech issuers such as Circle cannot compete at scale and that deposit flight is funneled into the institutions most likely to bankroll the Treasury. Hayes calculates that the cost savings and enhanced net-interest margins could increase the combined market capitalisation of the big banks by more than 180 percent, a trade he describes as “non-consensus” but executable “in SIZE.” Buy Bitcoin Before The Fed Blinks Despite his long-term enthusiasm, Hayes cautions that a temporary liquidity drain looms once Congress passes what he labels Trump’s “Big Beautiful Bill.” Refilling the Treasury General Account to its $850 billion target could contract dollar liquidity by nearly half a trillion dollars, an impulse he believes may knock Bitcoin back toward the mid-$90,000s and keep prices range-bound until the Federal Reserve’s annual Jackson Hole conference in late August. Related Reading: Public Firms Snag 131,000 BTC, Surpassing ETFs In Bitcoin Purchases “I believe that between now and the August Jackson Hole Fed speech to be given by beta cuck towel bitch boy Jerome Powell, the market will trade sideways to slightly lower. If the TGA refill proves to be dollar liquidity negative, then the downside is $90,000 to $95,000. If the refill proves to be a nothingburger, Bitcoin will chop in the $100,000s without a decisive break above the $112,000 all-time-high,” Hayes writes. The punchline, however, is resolutely bullish. Hayes ridicules advisers steering clients into bonds on the premise that yields will fall: “If you’re still waiting for Powell to whisper ‘QE infinity’ in your ear before you go risk-on, congrats — you’re the exit liquidity. Instead go long Bitcoin. Go long JPMorgan. Forget about Circle.” In his view, the political machinery that props up US deficits has already selected bank stablecoins as the next round of stealth quantitative easing, and Bitcoin—alongside JPMorgan stock—is positioned to absorb the spill-over. Hayes signs off with a stark imperative: “Don’t sit on the sidelines waiting for Powell to bless the bull market.” The liquidity horse, he argues, has already bolted; investors who hesitate to buy Bitcoin risk being trampled beneath it. “You will miss out on Bitcoin pumping 10x to $1 million,” he concludes. At press time, Bitcoin traded at $109,449. Featured image from YouTube, chart from TradingView.com
Crypto analyst Capo of Crypto, who is currently one of the most recognizeable names in crypto spaces on social media, has sounded a warning for the market. The analyst has completely dismissed the current trajectory of the Bitcoin price and, by extension, the altcoin market, calling for only a short-lived rally. His analysis points to a Bitcoin price crash, but the most impact is expected to be felt by the altcoin market as they tumble further. Bitcoin Price Is Headed Below $100,000 In the post on the social media platform X (formerly Twitter), Capo of Crypto shares a rather bearish thesis that suggests that the current strength in Bitcoin won’t last. He points out that the Bitcoin price hasn’t bottomed yet and that the capitulation event is yet to happen. Related Reading: XRP Roadmap To $8.5: Why The Next Impulse Could Start Soon A capitulation event is a time in the market when prices are falling, triggering panic among investors. This panic leads to further selling as investors become scared that prices will keep crashing, and this leads to deeper losses in the market. An example of a capitulation event is the FTX market crash, when the Bitcoin price fell by more than 60% in a matter of months. The crypto analyst predicts that the Bitcoin price will actually fall further, first below $100,000. Once this psychological level is broken, he sees the price heading for the $92,000 to $93,000 territory. However, he doesn’t expect the crash to end there as capitulation events often lead to deeper losses. He explains that if Bitcoin does fall below the $92,000-$93,000 support, then the market should expect to see prices as low as $60,000-$70,000. Altcoins To Get Decimated With the Bitcoin price expected to crash so hard, the effect on the altcoin market will be even more profound. Over the last few months, 10% dips in the Bitcoin price have translated to around 20-30% dips in altcoin prices. Therefore, a nearly 50% crash in the Bitcoin price would be disastrous for altcoins. Related Reading: Bitcoin Price Risks Market Crash After Closing Below Final Weekly Resistance Capo of Crypto actually expects altcoins to crash harder, predicting that they will fall another 50-80% if his idea of the market does play out. This could put the altcoin market on a path to new lows not seen in the last five years, and could be the worst bear market in recent history. This is not the first time that Capo has warned the community of an impending crash. Back in May, when the Bitcoin price was hitting new all-time highs, the analyst had warned that the market could reverse its gains. On May 15, he posted a picture of a Black Swan, suggesting that prices could crash. Since then, most altcoins have reversed their gains, with only Bitcoin managing to maintain most of its gains from that time period. Featured image from Dall.E, chart from TradingView.com
Bitcoin (BTC) is now 195 days into its latest sideways movement, which is part of a broader two-year stretch marked by sluggish price action and short-lived rallies. According to a crypto analyst, just 36 days of meaningful gains have defined this cycle, while the rest have been a relentless grind. Still, despite the clear market fatigue and repeated new lows, the analyst insists that the cycle isn’t over yet. Bitcoin Cycle Sees Only 36 Days Of Real Gains The current Bitcoin market cycle is being closely examined, as a new analysis by expert analyst Crypto Con delves deep into the cryptocurrency’s past movements, revealing two full years of sideways price action with only brief periods of upward momentum. The analyst’s chart, titled “Cycle 4 Ranges and Expansions,” highlights a pattern of prolonged range-bound activity interrupted by short bursts of expansion. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move As of now, Crypto Con notes that Bitcoin has been consolidating for 195 consecutive days since December 18, 2024, without setting a new local high. The chart analysis shows that the total time spent in actual upward expansion in the entire cycle is just 5.76 months. Even more interesting is the fact that when isolating the days in which Bitcoin recorded new local highs, the number shrinks to just 36 days. According to the market expert, these expansion bursts are responsible for all of Bitcoin’s significant price increases during its current cycle. Every expansion phase has also occurred within extremely narrow windows—typically just two to five days long. The rest of the cycle after this has been characterized by a consistent sluggish grind and long stretches of price consolidation, where momentum fades and the market struggles to advance. Flattened Price Action Hides Cycles’ Underlying Strength A closer look at the bottom section of Crypto Con’s chart, which removes the expansion bursts, shows how Bitcoin’s price has essentially remained flat or trended lower throughout the cycle. Major sideways phases in 2023 and 2024 lasted 192 days and 238 days, respectively, offering minimum sustained upside. The current 2025 range has now extended close to 200 days, continuing the trend of market inactivity. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer Despite the drawn-out stagnation, Crypto Con maintains that this cycle is not over yet. He implies that Bitcoin’s prolonged accumulation and consolidation could be building pressure for a significant breakout. The chart also shows Bitcoin’s next potential upside target between $165,000 and $180,000. Currently the leading cryptocurrency is trading at $106,990, meaning a jump anywhere between these targets would represent price increase of over 54%. If previous patterns hold, BTC’s next major move may arrive swiftly, as past expansions have delivered their impact in just a few trading sessions. Until that moment arrives, Bitcoin remains locked in what is shaping up to be the slowest and possibly the most patient-testing cycle to date. Featured image from Pixabay, chart from Tradingview.com