Bitcoin trades around $106,755, facing key resistance at $110,000 amid ongoing consolidation.
Strong ETF inflows and institutional accumulation continue to support BTC’s long-term outlook.
Crypto regulation and reduced exchange supply are shaping Bitcoin’s price trajectory for H2 2025.
Bitcoin is trading around $106,755 at the time of writing. The price touched an intraday high of $107,937 before showing some profit booking. The price action remains range-bound, with Bitcoin moving between $104,000 and $110,000 for the past few sessions. Technical indicators suggest that Bitcoin is consolidating, preparing for a possible breakout in either direction.
There is strong support near the $104,000–$106,000 zone. The 20-day and 50-day moving averages are rising, which supports the bullish trend. However, for a strong upward move to happen, Bitcoin needs to close above $110,000 with strong volume. Once this level is breached, price targets near $114,000–$115,000 and even $125,000 come into play.
Institutional investors continue to play a large role in supporting Bitcoin’s price. Inflows into Bitcoin Exchange-Traded Funds (ETFs) have been steady, with over $45 billion flowing in during recent months. These investments show that large institutions are confident in Bitcoin’s long-term value.
Companies are also adding Bitcoin to their balance sheets. One of the most well-known corporate investors in Bitcoin has increased its holdings by purchasing nearly 5,000 BTC, worth over $530 million, in June 2025. The company now owns over 597,000 BTC, which were acquired at an average cost of around $71,000 per coin.
The United States government has also established a strategic Bitcoin reserve, currently holding close to 200,000 BTC. Some individual U.S. states, such as Texas, are also reported to be holding Bitcoin as part of their financial reserves. These developments are removing significant amounts of Bitcoin from public circulation, helping to tighten supply.
On-chain analytics reveal a mix of trends. While institutional demand remains strong, some large Bitcoin holders, often referred to as "whales," have been selling near the $110,000 mark. This indicates that profit-taking is happening at resistance levels.
The number of Bitcoin held on exchanges has decreased, showing that investors are moving their holdings into long-term storage rather than preparing to sell. When Bitcoin is moved off exchanges, it often means the owner plans to hold for a longer time, which reduces selling pressure.
Despite positive inflows, the overall monthly gain in June was just 2%, making it one of the weakest months for Bitcoin performance in over a year. However, the slowdown is not considered negative. Instead, analysts believe Bitcoin is pausing its next big move. The current price structure resembles a bullish flag pattern, a common signal seen before upward breakouts.
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Several analysts expect a sharp move once Bitcoin breaks past the $110,000–$114,000 resistance zone. If that happens, the next price targets are around $125,000, with some long-term projections going as high as $150,000–$200,000 by the end of 2025.
Short-term price action depends heavily on whether Bitcoin can stay above its key support levels. Holding above $104,000 keeps the bullish trend intact. If Bitcoin breaks below this support, it could fall to $99,000–$100,000, which would mark a deeper correction. However, as long as buyers continue to step in at lower levels, the chances of a rally remain strong.
One prominent research firm has predicted that Bitcoin could rise by 25% if it closes above $114,000, citing strong ETF inflows and favorable macroeconomic conditions. Another market data provider estimates a 20% gain, taking Bitcoin near $128,000 by the first week of July.
Long-term analysts have set ambitious goals. A well-known hedge fund believes Bitcoin’s total market value could more than double to $5 trillion, which would push the price well above $200,000, provided institutional adoption and regulatory clarity continue to grow.
The key resistance level to watch is $110,000, with further resistance near $114,000 and $115,000. If these levels are broken, momentum could quickly push Bitcoin toward $125,000, then $140,000.
Support is strong at $106,000 and further down at $104,000. If both supports fail, Bitcoin could retest the $99,000–$100,000 zone. However, current data suggests this lower level is less likely unless major negative news hits the market.
Investor sentiment is currently neutral to positive. Traders are closely watching economic indicators, central bank decisions, and developments around global crypto regulation. A clear regulatory path in countries like the US, India, and the European Union is helping to build confidence among traditional investors.
The recent introduction of a strategic Bitcoin reserve by the U.S. government has further boosted the idea that Bitcoin is being accepted as a legitimate and valuable asset class. More governments and companies are expected to follow this lead in the coming months.
As adoption continues and public supply decreases, long-term price action is expected to remain upward. However, short-term movements could remain volatile as markets digest profit-taking and technical barriers.
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Bitcoin is trading in a tight range between $104,000 and $110,000, with both bulls and bears waiting for a clear signal. The long-term trend remains positive due to strong institutional demand, limited supply on exchanges, and growing acceptance by governments and financial institutions.
Breaking above $110,000 could open the door to $125,000 and beyond. However, failure to hold current support levels may lead to a short-term correction toward $100,000.
Overall, the market outlook is constructive, with a strong chance of higher prices in the second half of 2025, provided that demand remains steady and key resistance levels are broken.