📊 Technical and Analyst Insights
Technical analysts point to a clear breakout above prior resistance zones—especially above $112K and $116K—that triggered further upward momentum. Indicators show strong trend continuation potential, though some caution remains due to overbought conditions .
Some bullish forecasts suggest Bitcoin could reach as high as $140K–$180K in the current cycle, with particular emphasis on multiple Fibonacci extensions and institutional drivers .
⚠️ What Could Happen Next?
Pullbacks and volatility remain possible given how fast prices have moved. Technical indicators like RSI are showing overbought territory, signaling potential consolidation in the near term .
Regulatory developments over the coming weeks—especially during U.S. Crypto Week in mid‑July—could spark further momentum or trigger market adjustments depending on the outcomes.
