Bitcoin is currently riding a strong bullish wave, trading above $108,000 on June 30, 2025. With a 7.3% weekly gain and an eye-opening 1.3% bump in the last 24 hours, Bitcoin Price Uptrend stands poised to close this month near historic highs.
The big question now: Can Bitcoin break above $110K and continue pushing higher?
Current Market Overview
- Price snapshot: BTC is hovering around $108K after a solid climb—backed by a minor pullback to $106.9K on June 27, only to retrace upward again .
- Volume & momentum: On-chain metrics suggest institutional accumulation and whale support, with technical indicators flashing bullish signals—particularly a golden crossover on MACD .
- Macro context: Ongoing ETF inflows, optimism around geopolitical calming, and possible Fed rate cuts are bolstering confidence
Technical Analysis: Bitcoin Uptrend
- Support levels: $106K–$107K, which have held firm since the late-June dip .
- Resistance levels: Immediate ceiling at $109K, then $110K–$114K area.
MACD: Golden cross suggests further upward momentum
EMAs: Price remains above both 50‑ and 100‑day exponential moving averages, a classic bullish sign, with models forecasting a potential rise to $110K if volume supports.
On‑Chain Metrics & Sentiment
- Consistent spot ETF inflows—$501M on June 27, marking the 14th straight day—signal institutional conviction.
- BlackRock’s IBIT saw $3B+ inflows over 13 days, now ranking among the top U.S. ETFs.
- On‑chain trends show a decline in short-term holders (<155 days), pointing to accumulation by long-term ‘strong hands.
Institutional & External Drivers
- ETF momentum: BlackRock’s IBM inflows and sustained net gains (including $1.31B for IBIT in a week) reflect robust institutional positioning.
- Macro factors: Expectations of a Federal Reserve rate cut in Q3 and declining geopolitical risk remain key bullish catalysts .
- Regulatory progress: Strategic U.S. Bitcoin Reserve initiative and stablecoin legislation lend legitimacy and confidence.
Will BTC Break $110K?
| Bullish Case | Bearish Caution |
| Strong ETF inflows, golden MACD cross, positive on-chain data | Near-term overbought risk—RSI approaching high—could prompt a slight pause |
| Technicals support breakout above $110K if volume increases | Profit-taking around current price (~5% below May ATH) could trigger pullback |
| Potential catalysts: Fed rate cuts, macro correction | External shocks (e.g., adverse policy, global tension) could stall momentum |
Analyst consensus: Forecast suggest BTC staying above $110K if current momentum holds, with upside toward $115–120K.
What to Watch This Week
- Key data releases: U.S. macroeconomic reports that may influence Fed timing.
- ETF flows: Continued daily net inflows could fuel another rally.
- Chart action: A daily close convincingly above $109K–$110K would be a strong bullish sign.
Conclusion
Bitcoin uptrend remains intact, underpinned by strong institution demand, bullish technicals, and macro tailwind. Holding above $106K–$107K, BTC is gearing for a potential breakout above $110K. A Bitcoin Price Uptrend solid daily close above $109K could kickstart another leg higher—possibly toward $115K and beyond.