Bitcoin (BTC) price has been on a steady rise in the weekly and monthly timeframes, showing resilience despite choppy markets in the hourly chart. After facing rejection at its all-time high of around $111,900 in May 2025, the flagship coin has been forming a bullish continuation pattern.
Since June 9, 2025, BTC price has encountered a significant resistance level around $110,500, resulting in a slight drop of 2-3 percent. The recent dip below $108k has sparked concerns about a potential short-term correction.
Here are some key factors that could ignite FOMO (fear of missing out) and bullish sentiment for Bitcoin in the near future:
Technical Aspect:
BTC price has been trading above a critical weekly support level of $104,354 for the past five weeks. In the last three weeks, the coin has been retesting a bullish breakout, hinting at a possible parabolic rally in the coming days.
In the 1-hour timeframe, Bitcoin has been testing a bullish breakout from a falling logarithmic trend. While a strong base for the current market correction is yet to be established, a significant rebound seems imminent.
Weakening U.S. Dollar Amid Crypto Regulatory Clarity:
Despite efforts by the previous U.S. administration to strengthen the dollar, the DXY index, which measures the dollar against other major currencies, has been declining. This weakening trend has been accompanied by a strengthening of currencies like the Chinese Yuan against the dollar.
With Bitcoin predominantly traded against the U.S. dollar, its value is expected to surge in the near future. Additionally, U.S. regulators are working on clear regulations for stablecoins, which could boost crypto liquidity in line with the global money supply.
Heightened Demand from Institutional Investors:
Data from BitcoinTreasuries shows that the number of firms holding Bitcoin in their treasuries has increased by 21 in the past month, leading to a 3.28 percent rise in BTC holdings to 3.41 million. Institutional investors, including GameStop, are increasingly diversifying into Bitcoin to strengthen their positions in the global equity markets.
U.S. spot Bitcoin ETFs, like BlackRock’s IBIT, have been accumulating more BTC over the past year. This accumulation has led to a significant decline in the balance of Bitcoin on centralized exchanges to a multi-year low of about 2.09 million coins, indicating a substantial supply vs. demand imbalance.
In conclusion, despite short-term fluctuations, the overall sentiment around Bitcoin remains positive, with several factors pointing towards a potential bullish rally in the near future. Investors and traders are advised to keep a close eye on these developments to capitalize on potential opportunities in the market.