Bitcoin’s price has been consolidating in recent days after failing to break resistance at 110,000 from below. However, there hasn’t been a sharp pullback either, signaling that market participants still expect upside. A positive news catalyst could help realize this scenario, and one may arrive next week. Ahead of these events, opening long positions in anticipation of retesting 110,000 could be strategic.
Bitcoin is set to get a boost from “Crypto Week” starting July 14, when US lawmakers are expected to introduce at least three major bills: the Cryptocurrency Regulation Act (CLARITY), the Stablecoins Act (GENIUS), and the Central Bank Digital Currency (CBDC) Bill. Sean Young, lead analyst at MEXC exchange, predicts renewed demand for BTCUSD and another attempt to break its all-time high.
However, a sudden surge in bitcoin demand could hit a supply crunch. According to CoinMarketCap, exchanges currently hold just 2.8–2.9 million BTC, the lowest level since 2018. The main reason for this liquidity drop is institutional hoarding: bitcoin ETFs and major financial players are pulling massive amounts of BTCUSD into offline storage.
A Yahoo Finance analyst survey predicts bitcoin accumulation will accelerate further in the second half of 2025. More companies are expanding crypto holdings to hedge inflation and bet on BTC becoming a global reserve asset. While Strategy remains the largest holder, growing corporate competition could push BTCUSD prices higher.
As long as bitcoin holds above the 50-day moving average, chances for a rally to 110,000 remain high.
Consider the following trading strategy:
Buy BTCUSD at the current price. Take profit — 110000. Stop loss — 106000.
This content is for informational purposes only and is not intended to be investing advice.
