Bitcoin is holding nicely above $109,000. Price stays afloat due to increasing demand, consistent ETF inflows, and optimistic market sentiment. Technical indicators are somewhat cautious; they don’t signal an imminent correction.
Bitcoin could trade as high as $107,000 to $109,500 in the near term. If bulls break the resistance near $109,500, the price may rise to $112,000 and $115,000. A decline under $107,000 may see support at $103,000 and $100,000.
In the medium term, Bitcoin can hit $120,000-$135,000 if momentum persists. By 2025, assuming favorable market and government dynamics, Bitcoin may reach $150,000, $225,000, or more.
With institutional and government trust growing and ETF demand ongoing, Bitcoin seems poised for another powerful leg in its saga. Investors should be vigilant for near-term pullbacks and global economic headwinds.
Also Read –Why Bitcoin Could Soar to $136,000 This July: 3 Key Catalysts