Bitcoin Price Prediction: Will BTC Hit $110K This Week?

📈 Bitcoin on the Move Again – What’s Driving the Surge?

Bitcoin (BTC) is once again dominating headlines after crossing $108,000 this weekend, reigniting hopes among bulls that the cryptocurrency may soon breach the $110,000 level. The recent price action has sparked fresh enthusiasm across the crypto market, as investors and traders look for cues on where the world’s largest digital currency is heading next.

At the time of writing, BTC/USD is trading around $108,700, showing a 5% gain over the past 48 hours. The price momentum has been supported by positive macro trends, strong on-chain data, and a renewed wave of institutional interest.


🔍 Current Market Snapshot

MetricValue
Current Price$108,700
24H Change+3.2%
7-Day Change+7.8%
Market Cap$2.13 Trillion
Dominance53.1%
Volume (24H)$47 Billion

🧠 Key Drivers Behind Bitcoin’s Uptrend

1. U.S. Inflation Outlook and Interest Rate Expectations

With U.S. inflation cooling down and the Federal Reserve expected to cut interest rates in Q3 2025, investors are shifting capital from traditional markets to alternative assets like crypto.

Lower interest rates reduce the opportunity cost of holding non-yielding assets like BTC, making it more attractive in the short to mid-term.


2. Institutional Buying and ETF Inflows

Recent filings show that several U.S.-based institutional funds including BlackRock and Fidelity have increased their holdings in Bitcoin ETFs, fueling bullish sentiment.

The approval of spot BTC ETFs in key Asian markets like Hong Kong has also added to the global momentum.


3. On-Chain Metrics Look Strong

  • Active wallet addresses are at a 6-month high
  • Hash rate continues to climb, indicating network strength
  • Whale wallets (holding over 1,000 BTC) have been accumulating since mid-June

These indicators suggest growing confidence among long-term investors.


4. Crypto-Friendly Regulation Progress

Countries like India, UAE, and Singapore are now actively working on clear frameworks to regulate crypto assets rather than ban them. This legal clarity is helping restore faith in the long-term viability of Bitcoin.


📉 Resistance and Support Levels

LevelPrice (USD)
Immediate Resistance$109,500
Major Resistance$110,300
Support Level 1$107,200
Support Level 2$105,800

🔼 Breakout Zone:

If BTC breaks above $109,500 with strong volume, it could rally quickly toward $112,000, which is the next Fibonacci extension target.


📊 Technical Analysis Overview

  • Relative Strength Index (RSI): 63 – indicating bullish momentum, but not yet overbought
  • MACD: Bullish crossover seen on 4-hour chart
  • VWAP (15 min): BTC currently trading above VWAP, confirming short-term buying pressure

Traders are advised to wait for a clean breakout candle above $109,500 before entering aggressive long positions.


📅 Upcoming Events to Watch

  • July 9: U.S. CPI Data
  • July 12: Ethereum Foundation’s Q3 roadmap announcement
  • July 15: Bitcoin Futures settlement on CME

Any surprises in these events could lead to volatility in BTC prices.


🔮 Expert Predictions

Michael van de Poppe (Crypto Analyst):

“Bitcoin has consolidated well above $105K. If the $110K level breaks, we might see a parabolic move toward $120K by the end of July.”

Ruja Patel (Crypto Economist):

“Institutional interest is real and growing. As long as macro conditions favor risk-on assets, BTC will thrive.”


📌 Conclusion: Can Bitcoin Hit $110K This Week?

The momentum and fundamentals are strong — with increasing institutional interest, a supportive macro environment, and improving technical structure, BTC hitting $110K this week is a very realistic target.

However, traders must stay cautious as profit booking, external economic shocks, or regulatory headlines could cause temporary pullbacks. Smart entry points and strict risk management are key in this volatile environment.


🧠 Pro Tip:

For intraday or swing traders, consider setting alerts around $109,500 and $107,500 zones for breakout or retracement setups.


Leave a Comment