$BTC Bitcoin has continued its corrective movement since June, currently hovering around the $108,000 level, after strong resistance at $110,500, and temporary support near $107,200. Technical analysts indicate that breaking the $114,000 level could open the door to a bullish wave reaching around $143,000, supported by record inflows from spot Bitcoin funds of about $45 to $50 billion. Bitwise expects a 30% increase in July, driven by geopolitical volatility and continued institutional purchases of the currency.

On another note, the community has noticed the movement of two old wallets from 2011, holding about 20,000 Bitcoins worth over $2 billion, raising concerns about potential selling pressure if they are brought back to trading. Given these conditions, July is considered a crucial month: between holding at support levels and the emergence of new launching points towards $120,000 to $140,000.