Bitcoin Dominance Climbs Higher In June – Institutions Absorb Speculative BTC Demand
2025-07-02 20:15:35
Main Idea
Bitcoin's dominance in the crypto market is increasing, with institutional interest growing and analysts predicting potential price surges, while BTC consolidates below its all-time high.
Key Points
1. Bitcoin's share of the total crypto market cap rose by 1% in June, reaching a new local high for the current cycle.
2. Analysts predict Bitcoin could surge past $150,000, with some bullish forecasts exceeding $200,000, but it must first break decisively above its all-time high.
3. BTC is consolidating between $103,600 support and $109,300 resistance, with strong selling pressure near the top.
4. The 50-day, 100-day, and 200-day simple moving averages indicate a bullish trend, with the 50-day SMA providing dynamic support near $95,000–$96,000.
5. Institutional interest in Bitcoin is growing, with public equities like MicroStrategy and Metaplanet offering leveraged exposure to BTC.
Description
Bitcoin is once again testing critical resistance levels, positioning itself for a potential breakout into uncharted territory. After weeks of consolidation between $105,000 and $109,000, BTC is flirting with an impulsive expansion that could carry the broader crypto market into a new phase of growth. The setup is drawing increasing attention from analysts and investors, many of whom believe a decisive move is imminent. Top analyst Axel Adler shared key insights showing that Bitcoin’s share of t...
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