Bitcoin has surpassed the $109,000 level, proving that bulls control the market and raising expectations for new highs . Bitcoin's rise is supported by strong inflows into spot Bitcoin exchange-traded funds (ETFs), uncertainty surrounding the US Federal Reserve, and a significant decrease in Bitcoin supply on crypto exchanges .
According to Markus Thielen, head of research at 10x Research, Bitcoin could reach $116,000 . Bitcoin bulls will have to maintain the price above $109,000 to enhance the prospects of a breakout to a new all-time high above $111,980 .
On July 3, 2025, Bitcoin traded at $109,943, reflecting a robust recovery within the broader market trend . With a market capitalization of $2.186 trillion, 24-hour trading volume of $37.77 billion, and an intraday range of $107,269 to $110,117, price action showed a cautious approach toward resistance .
Bitcoin reached an all-time high of $111,814 and an all-time low of $67.81 . It is now trading 2.39% below that peak and 160.86K% above its lowest price . Standard Chartered's Geoffrey Kendrick predicts Bitcoin may hit $135,000 by September 2025 and $200,000 by year-end, driven by increased ETF flows, corporate demand, and supportive U.S. policy .
The current cryptocurrency rally stems from multiple converging factors that are driving institutional and retail investor confidence . Bitcoin has shown a strong rebound from the $105,000 support level, with analysts targeting $120,000 in the near term .