Bitcoin price USD
📉 Price Behavior & Market Context for 29.06.2025
Bitcoin price USD : Bitcoin price USD: This week, Bitcoin has largely held steady in the $106,000–$108,000 range. A brief dip below $107,000 on Friday was met with renewed buying pressure, supporting that price zone. It appears traders have taken recent gains, adding a touch of consolidation before the next move. Still, sentiment remains cautiously optimistic amid signs of market stabilization and significant options expiry looming.
| # | Name | Price | Changes 24h | Market CAP | Volume | Supply |
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🧩 On‑Chain & Institutional Signals
On‑chain metrics show a blend of speculative and long‑term activity. Glassnode data suggests much of the recent price rebound stemmed from speculative leverage, rather than new organic buying. Meanwhile, addresses and balances held on-chain remain strong, indicating ongoing accumulation. To complement this, companies listed in London have begun earmarking Bitcoin for balance sheets—a shift suggesting growing institutional legitimization of Bitcoin.
🔧 Technical Watchpoints
Bitcoin continues navigating a narrow trading channel. It faces resistance near $110,000–$111,000, where repeated scrapes have met profit-taking. Immediate support lines lie at $105,500–$106,000 and then further down around $103,700, a level reinforced by 50-day moving average support. If price can clear that upper resistance with high volume, it may swiftly revisit the $112,000–$115,000 zone. But sustained failure to hold current levels could invite a deeper retracement toward the 100-day EMA near $99,900.
🏛️ Bitcoin price USD: Macro & Regulatory Backdrop
External developments have shaped this week’s performance. A calm in Middle Eastern geopolitical tensions helped stabilize BTC after it briefly flirted with sub‑$99,000 territory. Additionally, supportive regulatory shifts—such as stablecoin measures passed by the U.S. Senate—are bolstering sentiment. Investments into Bitcoin-heavy treasuries, including moves by MicroStrategy and others, are reinforcing the narrative of Bitcoin as a legitimate institutional asset.
🔮 Outlook Ahead
Short-term (next few days): Watch for a breakout above $110,000—this would likely spark a move toward $112,000–$115,000. Conversely, a failure to hold $106,000 could trigger a decline to the $103,000–$104,000 range.
Medium-term (weeks): If institutional interest and ETF inflows continue, Bitcoin may retest or surpass its May all-time highs above $111,000. However, any fresh geopolitical or regulatory shock could temper gains.
Risks: Upcoming $40 billion options expiry may introduce volatility as positions unwind. Extended failure above key resistance could provoke short-term uncertainty.
✅ Bitcoin price USD:Summary
Bitcoin’s price action this week has combined consolidation with cautious optimism. Technical levels around $106K and $110K are critical inflection points. Institutional endorsements and on-chain signs offer tailwinds, but lingering leverage-driven dynamics and macro instability could disrupt the trend. In short, a breakout above resistance may confirm the next rally phase, while a breakdown risks drawing BTC back toward support zones in the low six figures.
