Bitcoin price started a fresh increase above the $107,500 zone. BTC is now consolidating and might aim for a move above the $108,800 resistance. Bitcoin started a fresh increase above the $107,500 zone. The price is trading above $107,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $107,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $106,500 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase above the $105,000 zone. BTC gained pace and was able to climb above the $105,500 and $106,500 levels to enter a positive zone. The bulls pushed the price above the $107,500 resistance and the price tested the $108,800 zone. A high was formed at $108,792 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $106,477 swing low to the $108,792 high. Bitcoin is now trading above $107,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $107,600 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $109,800 level. The first key resistance is near the $109,200 level. A close above the $109,200 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Downside Correction Reaction In BTC? If Bitcoin fails to rise above the $108,800 resistance zone, it could start another decline. Immediate support is near the $107,800 level. The first major support is near the $107,500 level and the trend line. The next support is now near the $107,200 zone and the 61.8% Fib retracement level of the upward move from the $106,477 swing low to the $108,792 high. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $107,500, followed by $107,200. Major Resistance Levels – $108,800 and $110,000.
The US Bitcoin spot ETFs logged over $2 billion in net inflows last week, marking a three-week streak of positive momentum. Despite a bearish start to June, with $128.81 million in net outflows during the first trading week, investor appetite soon quickly rebounded. This turnaround has resulted in a cumulative $4.63 billion in deposits over the past three weeks. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength Bitcoin ETFs On Impressive 14-Day Positive Streak Despite Market Uncertainty On Friday June 27, the 12 US Bitcoin ETFs registered net inflows of $501.27 million bringing the aggregate deposits of the last week to a staggering $2.22 billion. According to data from ETF tracking site SoSoValue, the clean streak of daily inflows from last week extends the ETFs’ positive performance to 14 consecutive days. In analyzing individual ETF data from this week, the BlackRock IBIT registered $1.31 billion in net deposits solidifying its position as the market’s unrivalled leader. Meanwhile, Fidelity’s FBTC and Ark/21 Shares’ ARKB also experienced substantial cumulative inflows of $504.40 million and $268.14 million, respectively. Grayscale’s BTC, VanEck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC also recorded moderate net flows ranging from $1million – $25 million. In familiar fashion, Grayscale’s GBTC produced the only net outflows losing $5.69 million in withdrawals, but still retains its position as the third largest Bitcoin ETF with $19.79 billion in net assets. Following this week, the US Bitcoin Spot ETFs have now recorded $4.50 billion in net flows in June signaling a resolute demand from institutional investors despite Bitcoin market troubles. Notably, the premier cryptocurrency has witnessed extensive corrections since hitting a new all-time high of $111,790 on May 22. Over the last month, BTC has made no new price discovery trading largely between $100,000 and $110,000 to form a descending price channel. While this price performance reflects a neutral market sentiment, the high influx of capital into the Bitcoin ETFs signal a long-term confidence by institutional investors on Bitcoin’s price appreciation prospects. Related Reading: Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic Ethereum ETFs Log $283 Million In Deposit To Close Out H1 2025 In other developments, SoSoValue data also reveals that US Ethereum Spot ETFs notched up a cumulative inflow of $283.41 million over the last week extending their positive streak to seven consecutive weeks. In June alone, these ETFs saw total inflows of $1.13 billion, marking their largest monthly gain in 2025. As of the time of writing, the total net assets of the Ethereum ETFs stand at $9.88 billion, accounting for 3.37% of Ethereum’s market capitalization. Meanwhile, Ethereum continues to trade at $2,441 with Bitcoin prices set around $107,339. Featured image from Nairametrics, chart from Tradingview
Bitcoin’s price action has been relatively stable in recent days, currently trading just above $107,000 after briefly touching previous highs near $108,000. Amid this backdrop, technical analysis from a popular crypto analyst on the TradingView platform outlined a compelling structural setup forming on Bitcoin’s daily chart. The analysis shows that Bitcoin’s action is in a compression phase that could precede a breakout to $115,000 very soon. Related Reading: Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role Compression Structure Forming Below $108,000 Resistance Bitcoin’s price action is currently following movements in traditional risk assets like the S&P 500 and Nasdaq, both of which have recovered following the recent de-escalation of geopolitical tensions in the Middle East. Against this backdrop, crypto analyst RLinda shared an outlook on TradingView that highlights a structural setup forming on the D1 chart and predicts a breakout to as high as $115,000 if some resistance levels are cleared. According to RLinda, Bitcoin is in the middle of a compression phase just below the $108,100 resistance level. This follows what the analyst describes as a false breakout above $100,000, which led to a brief distribution and now an active accumulation zone. The daily chart shows price action gradually tightening within the $106,500 to $108,100 range since June 25, the essence of which the analyst called a pause for a breather before a possible continuation of growth. The current setup has already established well-defined boundaries, with support at $106,500 and $108,100 as immediate resistance. A breakout above this immediate resistance would pave the way for the next resistance around $110,400 and bring Bitcoin within striking distance of its all-time high at $111,000. On the other hand, a short-term pullback toward $105,650 is still possible before a new move to the upside. Bitcoin Price Levels To Watch Bitcoin’s price action is really pressing on this resistance level around $108,000 and is building momentum for a breakout once the price level gives way. The key resistance levels to monitor are stacked around $108,100, $108,900, and $110,400. As long as the structure between $106,500 and $108,100 holds, and Bitcoin’s price is sticky near the top of that zone, the breakout scenario becomes increasingly probable. Although there are currently no reasons for a decline on the daily and weekly candlestick charts, the analyst noted that a temporary pullback to $105,650 or even $104,650 cannot be ruled out. However, even such a pullback would likely only serve as a retest but still keep the broader setup intact. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength At the time of writing, Bitcoin is trading at $107,457, up by 0.5% in the past 24 hours. The breakout trigger is still at $108,100. If broken, Bitcoin could easily move to new highs around $115,000. Featured image from Unsplash, chart from TradingView
Bitcoin is currently trading around the $107,000 region after bouncing off a $99,000 low early in the week, but its progress is being capped just beneath a key resistance zone. Technical analysis shows that Bitcoin’s price is starting to coil into a wedge structure on the 1-hour chart, and crypto analyst Daan believes that the breakout from this formation could determine whether it has the strength to finally clear its most recent all-time high. Related Reading: Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role Wedge Formation Stalls Bitcoin Below $108,000 Bitcoin has been consolidating within a descending wedge pattern over the past few days, as shown in the one-hour candlestick timeframe chart below. This consolidation came after Bitcoin rejected just above $108,000 on July 26. Notably, this pattern has formed beneath the $108,351 level, which is around the previous all-time high and is an important point of resistance in the current range. The pattern reflects a tightening of price action, with lower highs squeezing the price into a narrow range. Furthermore, on-chain trading volume has been relatively stable throughout this consolidation, with no strong directional bias yet. According to Daan’s analysis, even though this kind of setup could lead to a strong breakout, it may still take time to resolve. “It has been pretty choppy,” the analyst noted. The market’s lack of conviction is shown by Bitcoin’s repeated rejections just under the $108,000 level on multiple one-hour candlestick charts. A Clean Break Above $110k Could Change Everything Despite the relatively muted short-term moves, the wedge pattern is building pressure. A confirmed breakout above the upper resistance line, especially with a decisive close beyond $108,000 could mean the beginning of a much larger move. This close would be much more confirming on larger timeframes. Crypto analyst recommended zooming out to larger timeframes and waiting for that proper break above the $108,000 to $110,000 region. A proper breakout of Bitcoin above this range would also have a broader impact across the market and revive interest in altcoins. Without this breakout, however, Bitcoin is stuck within what the analyst describes as a “massive resistance in a larger range.” In this scenario, the leading cryptocurrency will be at risk of another downside volatility, especially if the support at the lower boundary of the wedge fails. Related Reading: The $100K Mirage: Bitcoin’s Rally Not Backed By On-Chain Strength At the time of writing, Bitcoin is trading at around $107,447. Though the hourly price structure shows strength in rebounding from intraday lows near $106,200, Bitcoin bulls must now contend with the narrowing price action. The wedge formation shows that Bitcoin is gearing up for its next major move, but whether it will be upward or downward depends on how price reacts to the wedge boundaries and the $108,000 resistance line. Featured image from Unsplash, chart from TradingView
Bitcoin briefly climbed back above $100,000 this month, pushing close to the $108,000 level before a new pullback. The move looks strong on the surface. But based on reports from Glassnode, much of that surge came from traders using borrowed funds, not fresh buyers piling in. Related Reading: Stablecoin Skepticism Grows As IMF Official Challenges Their Money Role Speculative Bets Fuel Recent Rally According to on-chain data, late-June’s volume on Bitcoin futures stayed high as prices marched upward. Traders betting on short-term gains drove the market, even as the excitement behind the rally faded. Funding rates and the three-month futures basis both moved lower, signaling less bullish conviction. In other words, fewer people were making big, long bets on Bitcoin these days. Spot Market Remains Quiet Spot trading did not follow the futures boom. At its $111,910 peak in May, daily spot volume hovered around $7.65 billion. That’s well below the previous cycle highs, which topped $20 billion on some days. Based on reports, new cash from retail or long-term holders stayed on the sidelines instead of flooding in. Institutional Buyers Still Adding Big firms did keep buying. This week saw Michael Saylor’s Strategy, Metaplanet and ProCap BTC together pick up about $1 billion worth of Bitcoin. At the same time, US-listed Bitcoin ETFs bought over $1.5 billion in fresh supply. Those steady purchases hint at genuine interest from institutions, even if short-term traders set the pace recently. Supply Tightness Could Drive Prices Glassnode now shows just 7 million BTC left freely available on exchanges. Roughly 14 million BTC are held by people who haven’t moved their coins in ages. That supply squeeze could support prices if demand holds up. But it also means any sudden sell-off might hit hard when exchange wallets run low. What Comes Next For Bitcoin All in all, the recent jump above $100,000 feels more like a sprint by margin players than a marathon fueled by new believers. Corrections often follow rallies driven by heavy margin activity. Yet, the ongoing buying by big companies and ETFs offers a buffer. If they keep at it, Bitcoin may need a breather now but could rally again later. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears As of June 28, Bitcoin traded at $106,500, down 0.85% on the day. Market watchers will be looking for a return of fresh spot demand or a stabilizing of futures bets before declaring the uptrend back on solid ground. Featured image from Unsplash, chart from TradingView
Bitcoin returned to its familiar price range over the week after a dip last weekend brought its price to just under $99,000. This was followed by a bounce to the $106,000 price level, which has given bulls a reason to remain hopeful. However, on-chain data shows some deeper cracks are forming beneath the surface. The latest on-chain data from analytics firm Glassnode shows growing signs of fatigue in both spot and futures markets. These are conditions that may again cause Bitcoin price to retest $99,000. Price Support Holds, But Momentum is Clearly Fading Bitcoin has gone through multiple price swings in recent days, but it has found its way back to the narrow $100,000 to $110,000 band that has defined market structure since early May. On-chain data from Glassnode shows that strong accumulation between $93,000 and $100,000, which is visible on the Cumulative Volume Delta (CBD) Heatmap, has so far served as a buffer zone that helped Bitcoin’s prices bounce during the most recent geopolitical volatility. However, market volume indicates that this structural support may soon face additional pressure. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer According to the latest weekly report by Glassnode, investor profitability and engagement surrounding Bitcoin are cooling rapidly. Specifically, a third major wave of profit-taking is causing the 30-day realized profit average to taper, and on-chain activity has decreased significantly. The 7-day moving average of on-chain transfer volume has dropped by about 32%, from a peak of $76 billion in late May to $52 billion over the recent weekend. Current spot volume trading, which is now at just $7.7 billion, is far below the volumes seen during previous rallies. The lack of strong buying enthusiasm on the spot market shows that bullish sentiment has been replaced by caution. As such, the risk of a breakdown below $99,000 grows unless another wave of demand re-enters. Futures Market Also Cooling Off The slowdown in sentiment is not limited to the spot market. Although Bitcoin is attracting interest on derivatives exchanges, there are clear signs that futures sentiment is waning. Open interest dropped by 7% over the weekend, from 360,000 BTC to 334,000 BTC, and funding rates have been declining steadily since Bitcoin hit its Q1 2025 all-time high. Related Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align Futures market participants had been very active through Bitcoin’s climb to $111,800 in May, but their conviction appears to be fading now. A further indication of a growing reluctance to hold long positions is the sharp decline in both the annualized funding rate and the 3-month rolling basis. Without stronger directional conviction, the futures markets may not provide the upside needed to push Bitcoin to new highs. This situation may instead contribute to additional downward pressure. So far, Bitcoin has respected the $93,000 to $100,000 support zone, which was heavily accumulated during the Q1 2025 top formation. However, with low spot volumes, on-chain activity slowing, and fading futures sentiment, this support could become tested again. If market participants with a cost basis in this zone begin to sell, the resulting pressure could drag Bitcoin below $99,000 again next week. At the time of writing, Bitcoin is trading at $107,100. Featured image from Pixabay, chart from Tradingview.com
A major breakthrough has just arrived for Bitcoin and the crypto industry from one of the most influential financial regulatory bodies in the United States. The Federal Housing Finance Agency (FHFA), which oversees the country’s largest mortgage liquidity providers, has issued a directive that could change how digital assets are viewed. Under this directive, mortgage liquidity providers have been officially ordered to begin preparations for considering cryptocurrencies as part of a borrower’s asset portfolio during mortgage evaluations. Crypto As Mortgage-Eligible Asset In a recent post on the social media platform X, FHFA Director Bill Pulte issued a directive instructing Fannie Mae and Freddie Mac to prepare proposals that allow homebuyers to count cryptocurrency holdings held on US-regulated exchanges as part of their asset reserves for mortgage applications without converting them into dollars. Related Reading: These Companies Are Following Saylor’s Strategy Into The Bitcoin Battleground With Over $2 Billion Slated To Buy BTC Crypto assets have always been excluded from mortgage risk assessments unless converted to U.S. dollars before closing. However, this recent move breaks that barrier. This policy shift aligns with former President Donald Trump’s campaigns to establish the United States as the crypto capital of the world. Pulte, who was recently sworn in as the 5th Director of U.S. Federal Housing FHFA in March 2025, is now part of those taking steps to make this vision a reality. According to the order, both Fannie Mae and Freddie Mac must also factor in market volatility and enforce strong risk-based adjustments before implementing the new assessment method. Fannie and Freddie are government-sponsored enterprises that do not issue mortgages themselves but play an important role in the housing market by purchasing home loans on the secondary market and setting the criteria for the loans they are willing to acquire. Bitcoin To Benefit The Most, But Where Does XRP Stand? Bitcoin is going to benefit the most from this policy update. Being the largest and most widely held cryptocurrency, Bitcoin has long been considered the digital gold standard, which makes it a natural candidate for institutional recognition. Related Reading: Crypto Pundit Reveals Why This Bitcoin Bull Market Feels Different As Crypto Enters ‘New Era’ Its established presence on U.S.-regulated exchanges and deep liquidity profile through Spot Bitcoin ETFs tick nearly every box laid out in the FHFA’s directive. However, the decision raises an important question for XRP holders as to whether the same regulation will be extended to XRP. Unlike Bitcoin, XRP has had a complicated history with regulatory agencies in the US, most notably the SEC. Although recent legal clarity around XRP has allowed the crypto to resume trading on major US-based exchanges, it isn’t really certain whether Fannie Mae and Freddie Mac will be quick to include it under this new directive. Nonetheless, the FHFA’s directive doesn’t specify eligible tokens. It simply refers to cryptocurrencies held on US-regulated exchanges. As such, the directive could be quick to include US-based cryptocurrencies like XRP and Ethereum alongside Bitcoin. Other countries are already far ahead with XRP in real estate. In Japan, for instance, Open House Group allows XRP payments for property purchases in cities such as Tokyo and Osaka. Dubai is also using the XRP Ledger to tokenize real estate. Featured image from Pixabay, chart from Tradingview.com
The Bitcoin Dominance (BTC.D) continues to exert pressure on the broader crypto market, casting a shadow on the prospects of an incoming altcoin season. Despite recent volatility and decline in the market, a crypto analyst observes that Bitcoin Dominance remains firmly elevated, signaling that capital is still concentrated in the leading cryptocurrency. This trend, they argue, is preventing any meaningful breakout for altcoins and could persist unless a decisive shift in market structure occurs. Altcoin Season Stifled As Bitcoin Dominance Surges The Bitcoin Dominance in the cryptocurrency market is tightening its grip, crushing hopes of an imminent altcoin season. According to a recent technical analysis posted on X (formerly Twitter) by market expert Tony Severino, Bitcoin’s market cap dominance has reached 65.72% with both monthly and Relative Strength Index (RSI) readings pushing above the critical 70 level. Related Reading: Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season At the time of the analysis, the RSI on the monthly timeline stood at 73.19, while the weekly registered at 70.58—both firmly in overbought territory. These levels typically reflect strong momentum and extended bullish conditions, indicating that Bitcoin’s command over the crypto market is still strong and growing. Severino shared a dual chart view of Bitcoin Dominance and RSI across the weekly and monthly time frames, highlighting candlestick structures that support Bitcoin’s ongoing upward momentum. BTC.D has been climbing since late 2023. The RSI values also remain comfortably above their respective Moving Average (MA) baselines of 67.31 and 65.42, indicating sustained strength rather than signs of immediate exhaustion. As long as Bitcoin Dominance holds these elevated RSI levels across their major time frames, Severino suggests that altcoins will likely continue to underperform, further delaying the long-awaited altcoin season. The analyst emphasizes that meaningful upside for altcoins will not begin until BTC.D starts to wane and RSI readings fall below 70—effectively signaling a shift in sentiment and market strength that could allow capital to rotate to alternative cryptocurrencies. Until such a pullback occurs, the analyst argues that the weekly and monthly BTC.D and RSI charts strongly indicate that any expectations of an altcoin season this cycle remain premature. Dragonfly Doji Forms On BTC.D Chart In another X post, Severino announced that the Bitcoin Dominance has potentially formed a Dragonfly Doji on the weekly chart. With four days left in the weekly session, the analyst notes that the distinct candle pattern is still developing but presently resembles the classic Dragonfly Doji, characterized by a long lower wick and a close near the opening price. Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why Typically, this chart pattern is viewed as a bullish reversal signal when it appears at the bottom of a downtrend, indicating possible upside momentum. However, in this case, it has emerged during a broader uptrend in BTC.D, creating a more complicated technical picture. Severino believes that the Dragonfly Doji could either represent a continuation of the current momentum or a temporary pause in market direction. If the candle evolves into a larger bullish body and closes above the 65.65% level, it may confirm further strengthening of Bitcoin’s growing market dominance relative to altcoins. Featured image from Pixabay, chart from Tradingview.com
Bitcoin held steady Friday as traders braced for a potential shake-up at the Federal Reserve. United States President Donald Trump is reportedly preparing to replace Fed Chair Jerome Powell, a move that could shift the central bank’s approach to interest rates and market liquidity. The Dow Jones climbed more than 300 points midweek, and the ripple reached the crypto market too—Bitcoin nudged higher to around 106,950 before easing slightly. Related Reading: Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Markets are reading this as a signal. If Powell is pushed out in favor of someone more open to cutting rates, risk assets like Bitcoin and Ethereum could benefit. The US dollar slipped to a three-year low, and bond yields retreated, adding to the sense that easier money may be coming. For crypto investors, this is a setup worth watching. The #USD fell to a three-year low on intensifying speculation that President Trump could soon nominate a new Fed Chair to replace Powell after his term ends next May, a development that could render him a lame duck writes @johnjhardy in today’s #forex update.… — Ole S Hansen (@Ole_S_Hansen) June 26, 2025 Trump Moves Toward Possible Fed Overhaul Reports from multiple outlets say Trump is seriously considering replacing Powell before his term ends in 2026. Though no official announcement has been made, sources suggest Trump has discussed potential successors with advisors. His criticism of Powell’s policies isn’t new, but the recent rise in inflation concerns and election-year pressure may be accelerating the timeline. The market response was immediate. Traders began to price in a more dovish Fed policy, which generally means lower interest rates and increased liquidity. That would be good news for crypto, which has languished under tighter monetary conditions throughout the last year. Bitcoin, which is often used as a hedge against fiat debasement, likes to rally when the dollar declines and rates come down. Bitcoin Price Reacts With Caution Bitcoin was trading at 106,950 Friday, with a daily high of 107,250 and a low of 106,145. It wasn’t a breakout, but it was a clear sign of rising interest. Ethereum and other top coins saw similar quiet moves upward. Traders are treading carefully, knowing that talk of replacing the Fed chair is one thing, but actually doing it is another. Stocks Lead The Way, Crypto Follows The bullish mood started with equities. The Dow surged more than 300 points, while the S&P 500 and Nasdaq also closed higher. Tech stocks led the rally, pushed by falling Treasury yields and hopes that rate hikes are off the table for now. That optimism spilled into crypto markets, where risk sentiment plays a big role. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears Crypto Market Eyes Washington There’s still a lot of uncertainty. Powell is in office, and no formal replacement has been named. But the fact that President Trump is entertaining the idea is already moving markets. Crypto investors are especially sensitive to changes in the macro outlook, and this could be a key one. Featured image from Saul Loeb/AFP/Getty Images, chart from TradingView
According to on-chain analytics firm Glassnode, more than 14 million Bitcoin have sat idle in wallets with little to no spending history. That leaves only about 7 million BTC out of the total 21 million supply ready for trading. This shift points to a growing number of holders who prefer long-term storage over quick trades. Related Reading: Double Win: Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Steep Rise In Illiquid Bitcoin Based on reports, the illiquid supply of Bitcoin climbed from just under 14 million in December 2024—when Bitcoin first broke the $100K mark—to roughly 14.30 million today. Demand for cold storage and self-custody solutions has never been higher. Investors are moving coins off exchanges and into private wallets. That trend has been especially sharp since late March, even though price swings have stayed volatile. Bitcoin’s illiquid supply just crossed 14 million $BTC More and more holders are pulling coins off exchanges choosing cold storage over quick trades. The message is clear: conviction is growing, and they’re here for the long haul. #Bitcoin #BTC #CryptoHODL pic.twitter.com/bQozg31mBK — Erica Hazel (@Erica__Hazel) June 26, 2025 Corporate Buyers Ramp Up Holdings In just the past week, more than five companies announced new Bitcoin purchases. ProCap BTC led the way with two buys: 3,724 BTC for $387 million and 1,208 BTC for $128 million, adding up to 4,930 BTC worth $515 million. Michael Saylor’s Strategy added 245 BTC after spending $1 billion the week before. Smarter Web picked up 197 BTC, while Méliuz S.A. acquired 275 BTC, taking its total to 596 BTC. The Blockchain Group chipped in with 75 BTC, bringing its haul to 1,728 BTC. Most recently, Metaplanet spent around $132 million on 1,234 BTC, lifting its total Bitcoin stash to 12,345 BTC purchased for about $1.20 billion. Supply Numbers Tighten Only one-third of Bitcoin’s fixed supply remains “liquid,” meaning it’s likely to trade hands. That squeeze could make it harder for new buyers to find inventory. Over-the-counter desks and exchange order books report thinner BTC listings. When institutions can’t source coins as easily, they may bid prices higher. On-chain metrics can’t tell us why coins are unmoved—some may be lost forever—but the uptick in self-custody transfers shows real demand. Related Reading: TRUMP Token In Trouble? Over $4 Million Liquidity Exit Sparks Crash Fears Forecasts Suggest Price Pressure Ahead At Bitcoin Conference 2025, Eric Trump predicted that he believes BTC will hit $170K at the end of 2026. He pointed out that the number of firms with Bitcoin has doubled in the last year. But if a supply crunch is matched with steady or increasing demand, prices might experience a strong push higher. Yet markets may remain unpredictable. Unexpected sell-offs or macro shocks can turn the trend around quicker than anyone can imagine. Investors and analysts will be monitoring the pace of new entrants into the market. For the time being, a record 14.35 million Bitcoin are sleeping idle, and that constricted supply may lay the groundwork for the next great rally. Featured image from Unsplash, chart from TradingView
Bitcoin price started a fresh increase above the $106,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $106,500 zone. The price is trading above $106,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $107,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $105,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh increase above the $104,200 zone. BTC gained pace and was able to climb above the $105,000 and $105,500 levels to enter a positive zone. The bulls pushed the price above the $106,500 resistance and the price tested the $108,150 zone. A high was formed at $108,165 and the price is now consolidating gains. There was a break below a bullish trend line with support at $107,300 on the hourly chart of the BTC/USD pair. However, the price stayed above the 23.6% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,800 level. The first key resistance is near the $108,150 level or the 1.236 Fib extension level of the downward move from the $106,470 swing high to the $98,276 low. A close above the $108,150 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Bearish Reaction In BTC? If Bitcoin fails to rise above the $108,150 resistance zone, it could start another decline. Immediate support is near the $105,800 level. The first major support is near the $105,000 level. The next support is now near the $103,200 zone and the 50% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $105,800, followed by $105,500. Major Resistance Levels – $107,800 and $108,150.
The Bitcoin price could be entering the final and most explosive phase of its current market cycle, as an analyst maps out the cryptocurrency’s next movements onto a parabolic step-like structure. Reinforcing this bullish outlook is the Elliott Wave 5 count, which points to an epic price rally that could propel Bitcoin above $300,000, eclipsing its previous all-time high and current market value by a substantial margin. Bitcoin Price Ultimate Parabolic Push Unveiled A newly released Bitcoin price forecast by X (formerly Twitter) crypto analyst Gert van Lagen boldly suggests that the leading cryptocurrency may be on the verge of its most aggressive bull run this cycle. Lagen’s price chart indicates that BTC is firmly locked into a parabolic step-like growth structure, potentially eyeing an extended Wave 5 breakout that could drive prices well beyond $345,000. Related Reading: Bitcoin Elliott Wave Count Predicts Further Crash To $94,000, But What Next? The trajectory of the analyst’s chart illustrates a clear parabolic growth curve anchored by four distinct formations, labeled Base 1 through Base 4. Each of these bases represents a phase of accumulation and consolidation that preceded a Bitcoin price breakout. This structure also mirrors a textbook parabolic setup, where each new base sets the stage for steeper upward moves. Most notably, after the completion of Base 3, marked by the inflection point on the chart, Bitcoin launched into a sharp rally, confirming the expected parabolic behavior. Lagen’s analysis now indicates that BTC’s current Base 4 has been completed, followed by a corrective A-B-C structure that appears to have reached its bottom, positioning the cryptocurrency for the anticipated final leg of its cycle. Using Elliott Wave theory, Bitcoin’s price action is still unfolding within the fifth wave, which is the final advance in the five-wave impulsive cycle. The price chart identifies Wave 1 as beginning shortly after the 2022 lows. This was followed by a powerful breakout in 2023, which defined Wave 3, while Wave 4 concluded more recently with a classic corrective pattern. Notably, the upcoming Wave 5 could see Bitcoin skyrocket anywhere between $300,000 and $425,000, depending on the timing and strength of its bullish momentum. Timeline For Game-Changing Rally A key element in Lagen’s analysis is the dynamic “sell line” drawn near the upper end of the parabolic arc that runs underneath the Bitcoin price movement on the chart. According to the analyst, the longer it takes for Bitcoin to hit this projected vertical trajectory, the higher the price at which the potential market top might occur. This is due to the upward curvature of the parabolic trend line itself, which steepens over time. Related Reading: Bitcoin To Surge To $130,000 Next? What The Wave Count Says Currently, Lagen forecasts an early breakout by July 7, 2025, if momentum resumes immediately. However, if Bitcoin continues consolidating through the summer, the projected peak could rise further, as the sell line would continue climbing over time. Featured image from Pixabay, chart from Tradingview.com
Bitcoin is starting to inch closer toward $110,000 again, recently pushing to an intraday high of $108,116 and now steadily trading above $107,000. Despite the retracement below $99,000 in the past week, Bitcoin’s current price action shows that the broader market is still bullish. Notably, the recent price action in the past 24 hours is beginning to quiet questions about whether Bitcoin has already reached its top for this cycle. The MVRV Z-Score may be offering a clear answer, and it points in a very different direction from what some might expect. MVRV Z-Score Says Bitcoin Has Room To Run According to crypto analyst Doctor Profit, who initially posted an on-chain analysis of Bitcoin on the social media platform X, the MVRV Z-Score indicates that BTC is still far from its cycle top. The MVRV Z-Score is an established on-chain metric used to determine whether Bitcoin is overvalued or undervalued. Related Reading: Bitcoin Top Is In And Price Is Headed For $92,000, Analyst Warns As pointed out by the analyst, the current level on the MVRV Z-Score metric is only slightly above 2, which has been a relatively neutral zone since Bitcoin’s creation. Bitcoin only reached its major tops in past cycles when this metric climbed into the red zone and above a value of around 8 and above. The overall Bitcoin price chart shared by Doctor Profit supports this claim. Peaks in the orange MVRV Z-Score line are shown with red shaded zones in the chart below. These red zones have aligned almost perfectly with Bitcoin’s price tops in 2011, 2013, 2017, and 2021. On the other hand, despite the recent surge to new all-time highs in May, the current cycle has yet to push BItcoin’s price into that overheated region. Instead, the chart shows the Z-Score still in a much lower band. This boils down to show that the Bitcoin price could have a very significant upside left. MVRV vs Price: What The Current Setup Means For Bitcoin One detail that stands out in the current cycle is the pattern of lower highs forming in the MVRV Z-Score, as seen in the chart. Unlike in old cycles, where the metric surged into extreme overvaluation zones above 10, the most recent peaks have been noticeably more subdued. This trend could be interpreted as a signal that the market is beginning to mature or that Bitcoin may even already be approaching the peak of its current cycle. Related Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align However, although this pattern is worth keeping an eye on, it is far from conclusive. The only conclusive fact is that Bitcoin’s price has never reached a definitive cycle top until the MVRV Z-Score has pushed into the red zone, which it has yet to do this time around. Although there isn’t a set price peak from the metric, other analysts have offered a wide range of predictions for where it might land. Predictions of Bitcoin price peaks range anywhere from $150,000 to as high as $500,000. At the time of writing, Bitcoin is trading at $107,740, up by 1.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Bitcoin price started a fresh increase above the $105,500 zone. BTC is now consolidating and might aim for a move above the $108,000 resistance. Bitcoin started a fresh increase above the $105,500 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $107,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $106,000 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase above the $103,500 zone. BTC gained pace and was able to climb above the $104,200 and $105,500 levels to enter a positive zone. The bulls pushed the price above the $106,500 resistance and the price tested the $108,200 zone. A high was formed at $108,165 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $98,272 swing low to the $108,165 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $107,400 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $108,000 level. The first key resistance is near the $108,200 level or the 1.236 Fib extension level of the downward move from the $106,470 swing high to the $98,276 low. A close above the $108,200 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $108,500 resistance zone, it could start another decline. Immediate support is near the $107,400 level and the trend line. The first major support is near the $105,500 level. The next support is now near the $104,000 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $103,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $107,400, followed by $105,500. Major Resistance Levels – $108,500 and $110,000.
In accordance with recent statistics, Dogwifhat (WIF) jumped 24% in the past 24 hours, moving above $0.85 as Bitcoin broke above $107,000. Traders observed a quick turnaround from levels below $0.72. Active wallets handling WIF jumped by 20%, and daily volume hit over $70 million. All those actions brought the Solana meme coin to within range of the $1.00 mark. Related Reading: Bitcoin Paces $15 Billion YTD Influx Amid 10-Week Fund Flow Streak Network Activity Shoots Up Based on reports, the Dogwifhat network saw a jump in trading volume to over $700 million in the past two days. That level of activity is rare for a token ranked 45th by market cap at about $1.75 billion. It now sits behind Dogecoin and Shiba Inu but outpaces fellow Solana names like FLOKI, PEPE and BONK. A sharp reversal off the $0.70 low got traders’ attention before the current uptick. wif just woke up from hibernation +up 24.1% today mcap: $865M 24h volume: $719M still the dog with the hat still barkin’ louder than the rest pic.twitter.com/RGJzSIJRBO — madmix ???? (@madmixnum) June 24, 2025 Community Funds Billboards And Merch As per community posts, Dogwifhat holders have contributed funds for attention-grabbing billboards and special merchandise drops. Grassroots campaigns rolled out on social media channels, fueling renewed interest. That momentum helped to maintain volume levels over $70 million a day and continued to keep wallet counts rising. Support at $0.81 held firm when the rally began, giving buyers confidence. Technical Breakout Hints At More Gains Based on chart analysis, WIF broke out of a descending wedge on the 4-hour chart. That pattern formed over the past week before prices cleared the $0.83 level on higher trading volume. The Relative Strength Index sits near 60, below overbought territory, suggesting there’s still room to run. Traders now eye a move to $0.90, the next Fibonacci retracement. A push past $1.00 would be the strongest signal yet. Related Reading: Bunker Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities Bitcoin And Solana Link Remains Strong According to market watchers, WIF’s fate is tied to Bitcoin and the wider Solana ecosystem. Maintaining Bitcoin above $105,000 will be crucial for keeping momentum. Any pullback could force WIF back toward support at $0.77 or even the recent floor at $0.71. At the same time, new exchange listings or partnership news could stoke another leg higher. Risk Management Key For Traders According to trading guides, meme coins such as WIF bear large swings. Smart traders are encouraged to place tight stops and control position sizes. A retreat below $0.80 would be a call to exercise caution. In case support fails, prices can test the lower bands once again. But if the coin holds ground, a run at $1.00 could spark fresh buying. Featured image from Pexels, chart from TradingView
After a week of volatile price action, Bitcoin has once again returned to familiar territory around the $106,000 price level. However, on-chain data shows that investors are still cautious, with the crypto Fear & Greed Index now in the neutral zone. On the other hand, technical analysis of Bitcoin’s price action on the 4-hour candlestick timeframe chart shows that its price behavior has completed a significant correction, one that’s paving the way for a major rally to $130,000. Bitcoin’s Wave 2 Correction Might Be Complete According to XForceGlobal, a crypto analyst who posted a detailed Elliott Wave chart on the social platform X, Bitcoin’s recent correction fits neatly within a completed WXY pattern. The second wave, which started following the all-time high of $111,814 on May 22 and formed the corrective structure, has now retraced into the expected Fibonacci range between the 23.6% and 38.2% levels. Notably, the ideal minimum target for this correction move was in the $90,000 region, and Bitcoin fulfilled that condition with the pullback to just under $98,200 over the weekend. Related Reading: Bitcoin Elliott Wave Count Predicts Further Crash To $94,000, But What Next? The most important thing was in preserving the macro wave structure. Instead of drawing out a deeper pullback into the 0.618 to 0.886 Fibonacci levels, which is often characteristic of bear market retracements, the analysis maintains the idea that this was a wave 2 correction within a larger bullish impulse. This distinction is important. If the WXY correction is indeed complete and wave 2 has concluded, the next logical move in the Elliott Wave sequence is a third wave advance. According to Elliott Wave analysis, the third wave is often the most explosive in terms of price expansion. Its outcome could therefore push the price of Bitcoin to new heights that are significantly higher than its most recent all-time high. Why $130,000 Is A Realistic Target For Bitcoin The analyst’s technical projection on Bitcoin’s 4-hour candlestick timeframe chart shows an expected wave 3 trajectory extending beyond $111,800, with an expansion arrow reaching up above $130,000. This is the expansion move and is based on a similar projection of Wave 1. Related Reading: Bitcoin Bearish Move Is Over? Higher Lows Chart A Course To $115,482 In the accompanying chart, the analyst marks the key pivot zone between $98,000 and $102,000 as the Wave C termination area. If this zone indeed marks the completion of the second wave, the next movement would require validation through the formation of a clear 1-2 structure within Wave 3. This means that confirmation of the bullish count also depends on the price making a new local high above the current range and then pulling back without breaching the recent lows. If that structure plays out, then the market would likely be in the early stages of a powerful third wave. Bitcoin has already made an 8% price gain after it dropped to a low of $98,200 following U.S. airstrikes on Iranian nuclear sites. The most significant upward move came on Tuesday, June 24, when reports of a Middle East cease-fire pushed Bitcoin up roughly 4%. At the time of writing, Bitcoin is trading at $106,330. Featured image from Pixabay, chart from Tradingview.com
The Bitcoin price surge above $106,000 this week has reignited bullish sentiment across the market, with analysts suggesting that the stars are aligning for a rally to a new all-time high. From shifting geopolitical tensions to a major regulatory pivot in the United States (US), multiple macroeconomic factors appear to be setting the stage for Bitcoin’s next explosive move. Ceasefire And Rate Cut Buzz Fuel Bitcoin Price Optimism Over the weekend, the Bitcoin price briefly slipped, triggering over $200 million in leveraged long liquidations. However, this dip proved short-lived as the flagship cryptocurrency rebounded swiftly above $100,000 following US President Donald Trump’s announcement of a total ceasefire between Israel and Iran. This sudden de-escalation helped ease global market anxiety, pushing Bitcoin past $106,000 and oil prices sharply down from $77 to under $70. Related Reading: Crypto Pundit Reveals Why This Bitcoin Bull Market Feels Different As Crypto Enters ‘New Era’ Simultaneously, Optimism is building that the US Federal Reserve (FED) could begin cutting interest rates sooner than expected. Sharing new data by CME Group’s FedWatch Tool, crypto analyst CW disclosed that the odds of a FED rate cut have increased to 18.6% by July 30 during the scheduled FOMC meeting. The report reveals that 81.4% of market participants believe the FED to keep rates unchanged at their current level. However, FedWatch’s data indicates growing expectations for a rate cut by the September FOMC meeting, with 79% betting on a reduction and only 21.3% anticipating no change. Notably, lower interest rates generally benefit risk assets like Bitcoin by increasing liquidity and boosting investor sentiment. With geopolitical tensions easing and a possibly looser monetary policy on the horizon, Bitcoin could gain further momentum, potentially climbing to $110,000. Supporting this bullish forecast, crypto analyst Justin Bennett suggests that Bitcoin is gearing up for a rally toward a new ATH of $110,000 following its recent reclaim of the key $103,500 level. Although a retracement to around $102,500 remains possible, Bennett believes that once BTC cleans up support around $103,400, formed during Monday’s expansion, the next move could be parabolic. Regulatory Win Solidify Bitcoin’s Position In TradFi Beyond anticipated rate cuts and ceasefire announcements, the US FED recently made a landmark policy shift that could have profound long-term implications for Bitcoin and the broader crypto market. By removing “reputational risk” as a factor in evaluating crypto firms’ access to bank servicing, the FED is effectively ending a key pillar of Operation Checkpoint 2.0—a campaign that restricted over 30 crypto and fintech companies from traditional financial infrastructure. Related Reading: Bitcoin Price Deviates From Global M2 Money Supply, Is The Bull Run Over? This recent change clears the way for greater institutional involvement in crypto. The Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corporation (FDIC) have also followed suit, green-lighting crypto activities for banks and allowing them to participate in the digital assets market without prior approval. Together, these moves mark a regulatory pivot that not only legitimizes the crypto industry but could also accelerate demand and capital inflows into Bitcoin, potentially boosting its already significant valuation. Featured image from Pixabay, chart from Tradingview.com
Trump Media and Technology Group Corp (TMTG) has officially filed for its second crypto exchange-traded fund (ETF), focusing on Bitcoin (BTC) and Ethereum (ETH), as detailed in a recent filing to the Securities and Exchange Commission (SEC). Trump Media Files For Second Crypto ETF If the SEC approves this new investment product, it will trade on NYSE Arca, the electronic division of the New York Stock Exchange known for handling exchange-traded fund transactions. This latest filing comes just eight days after TMTG submitted a prospectus with the Connecticut Attorney General through its Special Purpose Acquisition Company (SPAC) partner, Yorkville America. Majority-owned by President Donald Trump, Trump Media is intensifying its efforts to promote financial products linked to blockchain technologies. The company aims to provide the public with regulated investment vehicles that offer exposure to the cryptocurrency market. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow Recently, Trump Media announced its ambition to raise $2.4 billion, with the goal of becoming one of the largest corporate holders of Bitcoin. This move appears to be part of a broader strategy to diversify its business and attract a wider array of investors. By launching multiple crypto-focused ETFs, Trump Media hopes to generate significant interest in its stock, potentially positioning itself as an appealing option for cryptocurrency enthusiasts. However, with several crypto ETFs already available in the market, there are questions about how much investor interest these funds will garner. The success of the ETFs will likely hinge on their fee structures and how competitive they are compared to existing options. Bitcoin To Hit $180,000-$250,000 As of now, Bitcoin is trading at $106,000, recovering 3% from a recent drop to $98,000. This volatility is largely attributed to the ongoing conflict between Israel and Iran, which has intensified over the past 12 days, impacting financial markets significantly. Market analyst known as Mr. Wall Street recently shared his insights on social media platform X (formerly Twitter), reiterating his bullish targets for Bitcoin, which he believes will reach between $180,000 and $250,000 this year despite any external conflict. Interestingly, Mr. Wall Street noted a significant shift in capital flows, with over $20 billion moving from gold to Bitcoin in the last two weeks alone. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month This trend suggests that institutional investors and hedge funds are increasingly viewing Bitcoin as a more reliable store of value compared to gold, given Bitcoin’s fixed supply. Additionally, Mr. Wall Street pointed out that the over-the-counter (OTC) desks are becoming less liquid, indicating that significant upward movement in Bitcoin’s price could be imminent. A key indicator, the hash ribbon, recently flashed, signaling that Bitcoin often experiences a 10% correction before rallying by 50-125%. Mr. Wall Street believes that the recent dip to $98,000 constituted this correction, and he anticipates a substantial return on investment from current levels. Moving forward, the analyst expects “continued noise” from the geopolitical landscape, but he believes that further escalation is unlikely. The recent market dip created a sense of peak fear, which historically precedes significant price breakouts, Mr. Wall Street said. Featured image from DALL-E, chart from TradingView.com
The cryptocurrency market is currently experiencing heightened volatility, particularly with Bitcoin (BTC) fluctuating dramatically. Recently, the price dipped below $99,000 before rebounding to over $106,000 within a span of just 24 hours. Bullish Bitcoin Setup Amid Geopolitical Tensions In a recent post on social media platform X (formerly Twitter), analyst Cyclop suggested that despite the current market conditions, BTC exhibits a bullish setup reminiscent of the patterns seen in March 2020. The analyst noted that Bitcoin appears to be mirroring its past movements, with a brief dip followed by a rally for both BTC and altcoins. Cyclop drew parallels between the ongoing geopolitical tensions involving Israel, Iran, and the US and the market dynamics observed during the COVID-19 crash. Related Reading: Dogecoin About To Explode? ‘Don’t Send It Too Hard,’ Analyst Warns While acknowledging that geopolitical strife and global market panic are distinct issues, he pointed out that both scenarios resulted in sharp but temporary sell-offs followed by swift recoveries. According to Cyclop, the current market setup displays similar characteristics: widespread fear, a risk-off sentiment among investors, and global uncertainty. He emphasized the importance of understanding the timing of resolution to these tensions, suggesting that for a robust rally, several bullish catalysts are necessary to alleviate market uncertainty. He identified three key factors: potential interest rate cuts, a ceasefire between Iran and Israel, and Bitcoin holding crucial support levels. $120,000 By Year-End? Recently, a ceasefire was declared following 12 days of intense conflict between Iran and Israel. In a notable public statement, President Donald Trump criticized both nations, suggesting that their actions were misguided. This period of relative calm is seen as a positive indicator for the market. Cyclop highlighted that maintaining the $100,000 level for Bitcoin was crucial, and the cryptocurrency has successfully broken through the $106,000 barrier, signaling further growth. Furthermore, Ethereum (ETH) has also shown signs of a quick recovery alongside Bitcoin with its price nearing the key $2,500 level. Cyclop advised investors not to attempt to time the market perfectly, as reversals can often feel unsettling and uncertain. Related Reading: Ethereum Bounces Hard After Support Bluff, A False Alarm Or Fresh Rally? Looking ahead, Cyclop anticipates a consolidation phase for Bitcoin within the $102,000 to $106,000 range, with expectations of a breakout that could push BTC to an all-time high of around $120,000 by November or December of this year. As of this writing, Bitcoin is trading at $106,500 per coin. Despite ongoing economic uncertainties, the market’s leading cryptocurrency has seen a 75% increase year-to-date. However, Bitcoin is still trading nearly 5% below its record high of $111,800, which was reached on May 23. The most important resistance level is $110,200, which has prevented a new price discovery phase for Bitcoin on two occasions. Featured image from DALL-E, chart from TradingView.com
After the Bitcoin price breakdown below $100,000 over the weekend, multiple new narratives have emerged for where the digital asset may be headed. Calls for the next Bitcoin bear market continue to ring loud as analysts predict lower prices. One crypto analyst, known on X as Astronomer, has taken to the platform to give investors a possible roadmap of where the cryptocurrency is headed next and where to start buying for maximum gains. Next Course Of Action After Crash Following the Bitcoin price crash, Astronomer pointed out that the price had fallen below the expected close. However, it seems that the decline was not completely over, as there could be another final drop. This could come after the market reversal that has taken hold over the last few days, presenting another buy opportunity. Related Reading: XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold From here, the crypto analyst explains that there could be a reversal toward the $95,000 level, and also a possibility of a bounce toward $110,000. As a result of this, the next area of action that investors could start buying from is placed at the $97,000 level, but the price could go lower. Astronomer explains that weekend lows are usually taken out, and with this weekend low still above $97,000, the price could revisit this territory. Nevertheless, the analyst explains that those who have been sidelined throughout the rally, or those who want to begin getting into the market, the Bitcoin price at around $97,000 is a good place to start. In addition to the current market factors, the analyst also points to sentiment and geopolitics as supporting the analysis. “It’s a shame we have to take advantage of blood being shed, from what’s happening in the world, but also from the bears soon at the end of this dip,” the analyst said. Where Is The Bitcoin Price Headed? With the announcement from US President Donald Trump that Israel and Iran have agreed to a ceasefire, the market has already seen a recovery, with the Bitcoin price rallying to $106,000 initially. This has already triggered a turn in the sentiment from Fear back to Greed as investors begin piling in again. Related Reading: Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season In a subsequent post, Astronomer explains that missing out on the buy below $97,000 is no cause for alarm. But cautions against buying now due to fear. The analyst explains that such a move is not advisable as it could lead to losses, as buying during high euphoric times is not advisable. Given this, it is likely better to wait for a correction before going into the market. “Buying higher now during high euphoric times (especially locally), is a worse idea,” Astronomer warned. “Create good habits, create a solid plan, and stick to both.” Featured image from Dall.E, chart from TradingView.com
Bitcoin price started a fresh increase above the $103,250 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance. Bitcoin started a fresh increase above the $105,000 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $104,200 zone. Bitcoin Price Eyes More Gains Bitcoin price started a fresh increase above the $102,500 zone. BTC gained pace and was able to climb above the $103,200 and $103,500 levels to enter a positive zone. The bulls pushed the price above the 76.4% Fib retracement level of the downward move from the $106,470 swing high to the $98,276 low. It opened the doors for a push above the $106,000 resistance and the price tested the $106,500 zone. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. There is also a bullish trend line forming with support at $106,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $106,500 level. The first key resistance is near the $107,200 level. The next key resistance could be $108,500 or the 1.236 Fib extension level of the downward move from the $106,470 swing high to the $98,276 low. A close above the $108,500 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $106,500 resistance zone, it could start another decline. Immediate support is near the $106,000 level. The first major support is near the $105,500 level. The next support is now near the $104,200 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,000, below which BTC might struggle to find bids. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $106,000, followed by $105,500. Major Resistance Levels – $106,500 and $108,500.
Bitcoin (BTC) has been facing significant volatility and downward pressure lately. However, analysts warn that the downtrend may not be over yet, as projections point to a deeper price crash toward $94,000 soon. According to Bitcoin’s Elliott Wave count, the cryptocurrency is currently in a vulnerable phase that may trigger more losses, despite the market’s efforts to rebound. Still, the analyst notes that the next move after this projected crash could see Bitcoin potentially reversing upward to new levels. Bitcoin Faces Epic Crash As Wave 2 Unfolds Luca, a crypto analyst on X (formerly Twitter), has unveiled a foreboding forecast for the Bitcoin price, warning that the flagship cryptocurrency could still be headed for more pain in the short term. The analyst has outlined an Elliott Wave count for Bitcoin that suggests that the cryptocurrency has not bottomed yet. Related Reading: Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again According to the 8-hour chart breakdown, Bitcoin is in the midst of completing a Wave 2 correction within a broader bullish trend. The chart shows a five-wave corrective structure unfolding, with the final leg potentially leading to a price crash toward the $94,000 support region. This level aligns with both the 0.382 Fibonacci Retracement and a key support zone. While Luca reveals that some signs indicate that the correction might have bottomed already, the analyst maintains that one final push lower remains possible before Bitcoin’s next bullish move. The projected dip toward $94,000 is framed as the concluding move of the internal Wave (v) of Wave 2, creating what could be a textbook completion of a corrective cycle. With the Bitcoin price currently sitting above the $100,000 psychological level at $105,574, a decline to $94,000 would represent a massive blow to its slowly recovering value. Despite the possibility of an upcoming bullish move, this 11.3% decline from current prices could significantly slow down BTC’s momentum, putting more strain on the already volatile market. Nevertheless, Luca suggests that this decline could present a prime accumulation opportunity, indicating that now may be a favorable time to buy Bitcoin. Game-Changing Reversal With Wave 3 Push Despite the potential for a further pullback, Luca’s broader outlook for Bitcoin remains highly bullish. The Elliott Wave count on the chart signals that BTC is preparing to exit Wave 2 and initiate Wave 3—one of the most powerful phases in the five-wave structure. Once the projected correction to the $94,000 level concludes, Luca expects a strong reversal that could catapult the cryptocurrency to new ATHs. Related Reading: Crypto Pundit Reveals Why This Bitcoin Bull Market Feels Different As Crypto Enters ‘New Era’ A large purple upward arrow on the chart visualizes the anticipated Wave 3 surge, pointing toward a possible target zone above $122,000. This projection is rooted in the technical and historical tendency for Wave 3 to be the steepest and most aggressive wave in the Elliott Wave cycle. With Bitcoin still hovering near a high-confluence support zone, the stage appears set for a decisive rebound in the coming weeks, provided macro conditions don’t shift dramatically. Featured image from Pixabay, chart from Tradingview.com
Bitcoin and other crypto funds have kept the cash register flowing for 10 straight weeks, pulling in $1.24 billion in the latest period. That brings the year-to-date haul to $15 billion. Even holiday trading lulls and global jitters haven’t stalled the momentum. Investors seem to be treating this pullback as a chance to buy, not a reason to sell. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Bitcoin And Ethereum Lead The Pack According to CoinShares data, Bitcoin pulled in $1.114 billion this week alone. It has now logged $2.37 billion month-to-date and $12.7 billion YTD, across nearly $152 billion in assets under management. Ethereum chipped in with its ninth straight week of gains, adding $124 million in weekly inflows. That pushed its month-to-date total past $1 billion and its YTD figure to $2.43 billion, across $14.29 billion of assets. Investors aren’t scooping up bearish bets, either: short Bitcoin products saw just $1.4 million in outflows this week and $8.7 million since January. Altcoins See Mixed Results Solana attracted $2.80 million this week and nearly $3 million month-to-date, lifting its YTD flows to almost $86 million. XRP pulled in $2.70 million weekly and $10.55 million month-to-date, taking its year-long total to $268 million across $1.205 billion in managed assets. But funds that package multiple tokens bled $5.76 million this week and almost $17 million for the month—though they’re still up $58 million in 2025. Other altcoin vehicles are in rough shape, with $509 million of outflows since January. Regional Trends Highlight The US The United States led global flows with $1.25 billion in weekly inflows. That’s $3.37 billion month-to-date and $14.30 billion YTD, out of $135 billion under management. Canada added nearly $21 million this week and $42.8 million for June. Germany chipped in almost $11 million while Australia booked $16.6 million. Brazil bucked the trend with $9 million of outflows this week and $26.4 million in June, but it’s still about $34.8 million ahead for the year. Smaller Tokens Struggle For Attention Some newer names drew mixed reactions. Sui saw $8.5 million drain this week despite $3.3 million of gains so far in June. Litecoin eked out $0.21 million in weekly inflows and clos to $6 million YTD. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Cardano and Chainlink grabbed $0.34 million and $0.6 million this week, respectively. But smaller “other” products pulled in only $2.75 million against heavy selling since January. Institutions are still finding reasons to back crypto even as global events and holiday thins slow trading. Total weekly flows hit $1.23 billion, taking June’s total to $3.38 billion and the year’s to $15 billion, across $176 billion in overall assets. Based on these trends, big spenders aren’t ready to abandon digital tokens. They’re treating pullbacks like offers they can’t pass up. Featured image from Unsplash, chart from TradingView
Bitcoin price started a fresh increase from the $98,250 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance. Bitcoin started a fresh increase above the $102,000 zone. The price is trading above $102,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $101,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $102,500 zone. Bitcoin Price Recovers Ground Bitcoin price started a fresh increase from the $98,500 zone. BTC gained pace after Trump announced a ceasefire. The price was able to climb above the $102,000 and $103,200 levels. Besides, there was a break above a key bearish trend line with resistance at $101,500 on the hourly chart of the BTC/USD pair. The pair cleared the 61.8% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low. Finally, the price traded close to the $106,000 level. Bitcoin is now trading above $104,000 and the 100 hourly Simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low. On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $106,200 level. The next key resistance could be $106,500. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,000 level. The first major support is near the $103,500 level. The next support is now near the $102,500 zone. Any more losses might send the price toward the $101,200 support in the near term. The main support sits at $100,000, below which BTC might struggle to find bids. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,000, followed by $103,500. Major Resistance Levels – $106,000 and $106,500.
The Bitcoin dominance has hit a new cycle high, providing a bearish outlook for altcoins and any potential altcoin season. Crypto analyst Finsends has commented on this development and how it could affect the altcoin season moving forward. What’s Next As Bitcoin Dominance Hits New High? In an X post, Finsends stated that the Bitcoin dominance has made a new high and that it feels like it can never go down again. However, he opined that there should be a bigger correction starting somewhere around the current levels. The analyst added that the potential target area for a top in this scenario goes up to 68.56%. Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why His accompanying chart showed that the Bitcoin dominance could hit this projected top of 68.56% in July, after which a decline would begin. Based on the chart, the BTC.D could drop to as low as 48% on this decline, paving the way for a potential altcoin season. If so, then altcoins could witness significant gains in the second half of the year and outperform BTC in the process. In an X post, crypto analyst Michaël van de Poppe also commented on the rising Bitcoin dominance and a potential altcoin season. He noted that the altcoin season indicator has hit its lowest number in two years. The analyst added that the lows of this indicator over the last six years were in June or July. Based on this, he remarked that there seems to be a pattern since the indicator has hit a low again this June. Michaël van de Poppe didn’t predict when exactly altcoin season could begin or if the Bitcoin dominance would top anytime soon. However, before now, he had expressed confidence that the alt season would still happen. The analyst noted that the last cycle was also called a Bitcoin cycle until altcoins started to run and heavily outperformed. What Needs To Happen For Altcoins To Take Off In another X post, Michaël van de Poppe stated that altcoins are in need of an upward push from Ethereum, and that this needs to happen through a push of Bitcoin. He further remarked that once the BTC price bottoms out, that is a very likely moment for Ethereum to continue outperforming the flagship crypto, with the Bitcoin dominance declining. Related Reading: Analyst Calls Start Of Altcoin Season Amid Deviation Of Cyclical Lows – Details The analyst believes that altcoins would start “shining” when the next leg upwards for Ethereum takes place, possibly ushering in altcoin season. He declared that once altcoins start to shine, market participants can expect them to heavily outperform the markets. However, for now, Michaël van de Poppe believes investors need to have some more patience. At the time of writing, the Bitcoin price is trading at around $101,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Metaplanet has again beefed up its Bitcoin holdings. According to the Tokyo-listed investment firm, it bought 1,111 BTC on Monday for about $118.2 million. The average price paid was roughly $106,408 per coin. Bitcoin has fallen more than 5% over the last week, trading just above $101,000. Related Reading: Dogecoin Breaks Free—Could Soar 60%, Analyst Says Performance Metrics Climb Higher Metaplanet’s own numbers show a quarter-to-date BTC yield of 108%, up from 96% in Q1 and a hefty 310% in Q4 2024. That metric tracks Bitcoin per fully diluted share, so it puts the firm’s strategy under a clear spotlight. Based on reports, the company gained 4,367 BTC valued at $451 million in this period, using prices from Bitflyer. *Metaplanet Acquires Additional 1,111 $BTC, Total Holdings Reach 11,111 BTC* pic.twitter.com/7ceEeSh1X4 — Metaplanet Inc. (@Metaplanet_JP) June 23, 2025 Balance Sheet Swells to 11,111 BTC With the new purchase, Metaplanet’s total stash now stands at 11,111 BTC, worth just over $1.07 billion. Its cost basis for those coins sits at about $95,869 each. Metaplanet’s shares dipped 3.5% on the day of the announcement, a sign that investors may be worried about how the firm is funding its buy-ups. Source: Metaplanet Funding Through Bonds And Shares Based on reports, the company has raised cash via zero-coupon bonds and equity rights since January. It issued over 210 million shares under a program it calls the “210 Million Plan.” Evo Fund has snapped up many of those bonds and rights. Between May and June 2025, Metaplanet pulled in over $300 million, earmarking every dollar for more Bitcoin. Ambitious Target Of 210,000 BTC Metaplanet has set a goal to hold 210,000 BTC by the end of 2027. That is 10 times its current pile. To reach that number, it will need to keep tapping the capital markets—and it plans to. The firm even created a dedicated Bitcoin Treasury Operations arm in December 2024, moving away from its hotel management roots. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Dilution And Risk For Shareholders Metaplanet’s fully diluted share count rose to close to 760 million as of June 23. That puts its Bitcoin per 1,000 shares at 0.0146 BTC. More bonds and shares mean more dilution for existing investors. If Bitcoin’s price slips, the cost of raising money could climb, eating into any gains from the crypto itself. Metaplanet’s approach mirrors what some other big holders have done. It’s a bold stance. If Bitcoin holds up or heads higher, the firm could see big returns. But it will need to balance fresh capital raises against the risk of pushing down its own stock. For now, Metaplanet shows no sign of slowing down its Bitcoin buying. The only real question is how far this strategy can run before the bills come due. Featured image from Imagen, chart from TradingView
Bitcoin briefly slid to $98,974 late on Sunday after US airstrikes targeted Iranian nuclear facilities. That was its weakest point since early May. But by Monday morning in Asia, the leading cryptocurrency topped $101,000 again. Traders are weighing whether this was just a hiccup or the start of a fresh trend. Related Reading: Stablecoin Wars Ignite: Peter Schiff Champions Gold-Backed Digital Assets Source: CoinMarketCap Arthur Hayes Sees Temporary Weakness According to Arthur Hayes, co-founder of BitMEX, the fall is only a short pause. On X, he wrote that “weakness shall pass” and predicted Bitcoin will “leave no doubt as to its safe haven status.” He said fresh money printing by central banks will be the main force driving prices back up. His view suggests that big dips can turn into buying chances when broader liquidity is rising. Do you hear that? … it’s the sound of the money printers revving up to do their patriotic duty. This weakness shall pass and $BTC will leave no doubt as to its safe haven status. pic.twitter.com/PTfZaAXFp7 — Arthur Hayes (@CryptoHayes) June 22, 2025 Market Dips On Geopolitical News Based on reports, it was US strikes on Iran that triggered the initial slide. The price drop happened late Sunday, pushing Bitcoin below six figures for the first time since early May. Yet buyers stepped in quickly, snapping up coins and lifting the price back above $101,000 during the first hours of trading in Asia. That pattern shows how headline shocks can spark fast moves, but also how quickly sentiment can flip. Altcoins Take A Hit Meanwhile, over the past 12 hours, most altcoins fell about 1.4%, dragging total crypto market cap down by roughly $50 billion to $3.20 trillion, according to data. Experts expect that trend to reverse once major headlines calm down. Market analysts pointed out that altcoins might start to outperform if macro risks ease. They said smaller tokens are already showing signs of strength, even as Bitcoin stalls. Key Technical Levels Hold Traders are watching two key lines: the short-term realized price at $98,000 and the trend support at $102,000. The realized price reflects the average breakeven point for holders, so it often acts like a floor. Related Reading: Pump.fun’s Big Launch Put On Ice Over Legal Drama The $102,000 has capped rallies over the past weeks. As long as Bitcoin stays in that $98,000–$102,000 range, there are chances for quick rallies. But a break below $98,000 could force more focus on cutting losses. Featured image from Imagen, chart from TradingView
The Bitcoin price crash has been spurred on by looming war events as Iran and Israel continue to go head-to-head. Naturally, the financial markets have responded negatively to this news, and the crypto market has not been left out. Interestingly, the Bitcoin price had sat above the $100,000 psychological level for the longest. However, it was only a matter of time before it lost this support and crashed further, especially as the digital asset seems to only have major support in the 5-digit territory. Analyst Says Bitcoin Price Is Headed Below $90,000 In a TradingView post, crypto analyst Master Ananda has revealed major bearish formations for the Bitcoin price. With the $100,000 support having held so far through the last week, it suggested there is still some buying going on for the cryptocurrency. However, the chart does not show enough strength to hold this level. Related Reading: XRP On-Chain Activity Down 80% In 5 Months, Experts Argue Bullish/Bearish Implications Since the market has been rocked by over $1 billion in liquidations in the last week, it has transferred some weakness to the BTC price, putting the bears in charge once again. Pointing this out, Master Ananda explains that the weekly chart, in particular, is not showing any good signs. The current Bitcoin price action seems to only be a continuation of the bearish price action that began after it hit a peak of $111,900 back on May 19, 2025. Since then, the decline has been consistent, and the crypto analyst says the market looks “terrible” right now. Given the crash, the major support for Bitcoin is no longer above $100,000, but over 10% below it. As the price has previously broken below $100,000, the first support the market could see would be at $88,888. Failure to hold at this point would trigger another 5% decline toward $82,500 before bulls are able to put up any fight. What Happens If BTC Stays Above $100,000? While the bearish trend is the most dominant at this point, there is still the possibility that the Bitcoin price could stay back above $100,000 and hold the fort there. In this case, it is likely that the bullish trend would continue. The crypto analyst highlights this in another post, forecasting a very sharp upward move if this happens. Related Reading: Bitcoin Bullish Divergence That Appeared Before The May ATH Has Returned Again In the case of a recovery, then Bitcoin could retest the upper trendline that sits right above $108,000. And as for how long all of this could take to play out, the crypto analyst believes that the entire thing shouldn’t take more than two weeks to actually unfold and pick a direction. “Do not be afraid if the market shakes, Bitcoin is going up; Crypto will grow, regardless of the short-term,” the analyst said in closing. Featured image from Dall.E, chart from TradingView.com
Bitcoin price started a fresh decline below the $103,000 zone. BTC is now consolidating and might struggle to recover above the $103,500 resistance. Bitcoin started a fresh decline below the $103,000 zone. The price is trading below $102,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $101,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $100,000 zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline below the $105,500 zone. BTC gained pace and dipped below the $104,200 and $103,000 levels. There was a clear move below the $102,000 support level. Finally, the price tested the $98,250 zone. A low was formed at $98,277 and the price started a consolidation phase. There was a minor recovery above the 23.6% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low. However, the bears were active below the $101,200 zone. Bitcoin is now trading below $102,000 and the 100 hourly Simple moving average. There is also a key bearish trend line forming with resistance at $101,250 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $101,250 level. The first key resistance is near the $102,500 level or the 50% Fib retracement level of the downward move from the $106,470 swing high to the $98,277 low. The next key resistance could be $103,500. A close above the $103,500 resistance might send the price further higher. In the stated case, the price could rise and test the $105,000 resistance level. Any more gains might send the price toward the $106,200 level. Another Drop In BTC? If Bitcoin fails to rise above the $102,000 resistance zone, it could start another decline. Immediate support is near the $100,150 level. The first major support is near the $98,500 level. The next support is now near the $96,500 zone. Any more losses might send the price toward the $95,500 support in the near term. The main support sits at $95,000, below which BTC might struggle to find bids. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $100,150, followed by $100,000. Major Resistance Levels – $101,250 and $103,500.
Bitcoin (BTC) has registered a slight uptick in the last few hours after US President Donald Trump announced a successful airstrike on Iranian nuclear facilities, a move aimed at de-escalating rising tensions in the Middle East after several days of conflict between Iran and Israel. Despite the short-term price reaction, BTC remains in a corrective phase, having struggled to break through the $110,000 resistance level over the past month with market sentiment being largely shaped by both global uncertainty and technical stagnation. Amid this backdrop, a crypto analyst with X pseudonym On-Chain College has highlighted two prospective price targets based on on-chain data. Related Reading: Bitcoin Price Breakdown Spurs Sell-Offs, Analyst Reveals What Will Happen If BTC Hits 92,800 Market Odds Favor Further Upside For Bitcoin – Analyst In a recent X post on June 21, On-Chain College shares a positive long-term Bitcoin price outlook using the Mayer Multiple, an on-chain metric that measures relationship between Bitcoin’s price and its 200-day moving average (200DMA). By tracking key valuation bands, the Mayer Multiple helps determine whether Bitcoin is overvalued, undervalued, or fairly valued, based on historical price behavior. Since the bull market commenced in Q4 2024, Bitcoin has consistently moved between 1.0x band i.e. the 200DMA (blue line) and the 1.5x band (orange line) representing the mid price range zone. Notably, the Bitcoin price struggles in the past have generated speculations of potential market top at the current market high. However, the Mayer Multiple chart shows that BTC has only ever attained a cycle price peak after hitting the 2.5x band (red line). Therefore, there is still room for price growth in the current bull market. However, the immediate price targets for premier cryptocurrency lies at $96,000 (1.0x) or $144,000 (1.5x). Notably, there is significant potential to rediscover its bullish form and surge towards $144,000 in line with its defined-range bound movement. However, there are also equal chances of a return to $96,000 which On-Chain College states would aid in flushing out weak hands before a full-scale bullish price reversal. Related Reading: XRP Daily New Addresses Plunge 80% In 2025 — Bearish On-Chain Metrics Raise Alarm Bitcoin Price Outlook At the time of writing, Bitcoin is valued at $102,700 following a 1.50% decline in the last 24 hours. Meanwhile, the maiden cryptocurrency also reports losses of 2.94% and 8.08% on the weekly and monthly chart, respectively. According to CoinCodex, the general market sentiment remains neutral. However, CoinCodex analysts foresee an impending price breakout with an audacious projection of $136,472 within the next five days. Interestingly, it’s worth noting that this level may represent or come close to the cycle market top, as long-term forecasts include $138,379 in three months and $116,115 in six months. Featured image from Pexels, chart from Tradingview