As the second half of the year approaches, the market predicts that Bitcoin (BTC) is likely to trade at current levels.
Bitcoin has regained bullish momentum, particularly as investors responded positively to ease geopolitical tensions in the Middle East.
Cryptocurrency is currently targeting resistance levels of $110,000. At the press conference, Bitcoin was trading at $107,346, up nearly 0.5% over the past 24 hours and 3.5% over the past week.
Bitcoin price forecast
On the forecast side, traders are turned on Polymatethe crypto-based prediction platform bets that Bitcoin is likely to exceed $108,000 on July 1st. Current market data is the most likely result, with the BTC allotting 40% chance of closing a day beyond that level.
Probability estimates have shifted slightly these days. The odds for brackets above $108,000 are up about 5% compared to the beginning of the week.
This data shows the distribution of possible results for July 1st. After the $108,000 mark, the next most likely range is between $106,000 and $108,000, with a 29% chance.
Other ranges go backwards, with a 20% chance of $104,000 to $106,000, a 9% chance of $102,000 to $104,000, a 3% chance of $102,000.
Bitcoin record high
According to some analysts, if Bitcoin regains its $108,000 level, it could possibly pave the way for a new all-time high next week.
For example, on June 28th, analyst Ted Palm said in an X post that it appears that Bitcoin is in the accumulation stage of Wykoff, where Bitcoin has historically preceded major gatherings.
Panic selling $BTC now will be a huge mistake.
The US stock market is hitting new highs, Global M2 supply is going up, and US trade deal announcements are coming.
A new ATH is just a matter of when, not if. pic.twitter.com/5kKFBcg0vy
— Ted (@TedPillows) June 28, 2025
His analysis predicts a move to $176,000 over the next few months. This is supported by bullish macroeconomic factors, including US stocks reaching record highs, increasing global M2 liquidity, and new trust after recent US trade transactions.
He said the key technical levels to watch include $106,220 (the accumulation zone) and $125,200 (the breakout threshold). Therefore, maintaining price action above these levels can trigger important gatherings.
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