Bitcoin (BTC) continues to demonstrate remarkable resilience, persistently holding its ground around the $107,000 mark.
This sustained price stability, oscillating between $103,000 and $109,000 for a significant period, is leading many to re-evaluate what was once considered Bitcoin’s “floor.”
Despite lingering predictions of a sharp correction to $70,000 or $80,000, current market dynamics suggest a much higher underlying support for the leading cryptocurrency.
Source – 99Bitcoins YouTube Channel
Bitcoin Bullish News
Bitcoin is bouncing back strong today, thanks to fresh cash flowing in from BlackRock’s ETF and growing interest from big institutions around the world. These developments are helping Bitcoin gain more acceptance in traditional finance.
In fact, some lenders in the U.S. now accept Bitcoin as collateral for home loans and mortgage checks. While this raises concerns about price swings, it still shows Bitcoin is moving closer to mainstream use.
Bitcoin’s limited supply also boosts its value. There will never be more than 21 million coins, and rewards for mining new coins keep getting smaller.
Some experts believe 1 to 2 million Bitcoins are already lost forever, which means there are fewer than 20 million in circulation—possibly closer to 19 million. As more institutions buy in, this shortage could drive prices higher.
Big financial companies keep showing trust in Bitcoin. One of Germany’s top banks, Sparkassen, plans to let customers trade Bitcoin through their accounts. This is part of a growing trend where banks, firms, and even governments are starting to deal with Bitcoin more often.
Michael Saylor, the head of MicroStrategy, keeps buying Bitcoin. His company now holds over $64 billion in BTC after adding nearly 5,000 more coins. His steady buying, no matter what the price is, shows strong belief in Bitcoin’s future.
Kazakhstan is also taking action. The country’s central bank plans to build a reserve of Bitcoin and other cryptocurrencies. Moves like this show that governments are beginning to treat Bitcoin as a real and valuable asset.
At its core, Bitcoin’s strength lies in its simplicity. In a world where inflation weakens traditional money, Bitcoin offers an alternative. Gold has long been used to fight inflation, but Bitcoin’s digital nature and limited supply make it a strong rival.
With more institutions adopting it and fewer coins available, Bitcoin looks set to keep growing and playing a bigger role in global finance.
Bitcoin Price Prediction
Bitcoin (BTC) has stayed in a steady range over the past week, trading between $105,000 and $108,000. The price jumped from just under $105K on June 25 to nearly $108K on June 26, then moved sideways.
This pattern, with small dips and recoveries, shows strong support forming near the $105K level. Although BTC briefly dropped below $106.5K on July 1, it continues to make higher lows—keeping the bullish trend alive despite short-term swings.
From a technical view, $105,000 now acts as a strong support level, while $108,000 serves as resistance. If Bitcoin breaks above $108K, it could climb toward $110K in the coming days. But if the price drops below $105K, it might pull back to around $103K. Still, strong fundamentals make a deep correction less likely.
Overall, Bitcoin seems to be consolidating while building bullish momentum. Growing institutional interest, limited supply, and increasing real-world use help support the price. If positive sentiment stays strong, Bitcoin could soon break past $108K and aim for $110K in the short term.
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Source – BTC Bull Token Twitter
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