Bitcoin's price recently dipped to $100,000 but swiftly rebounded, climbing above $110,000 after renewed dialogue between the U.S. and China helped ease global market tensions.
Despite this impressive bounce, analysts at Bitfinex remain cautious, suggesting that Bitcoin may be running out of steam before reaching a new all-time high.
While the leading cryptocurrency is approaching its previous peak of $111,900, Bitfinex researchers believe a further rally isn’t guaranteed. In a recent market update, they emphasized that the current price movement lacks the kind of strong fundamentals needed to push BTC beyond its former record.
Their report highlights that without a fresh catalyst—whether geopolitical, structural, or macroeconomic—Bitcoin faces increasing pressure for a short-term pullback. The rising price may encourage long-term holders to lock in profits, adding to the selling pressure and limiting upward momentum.
The analysts identified several key zones where Bitcoin could potentially find support if a correction occurs. These include:
According to Bitfinex, Bitcoin now sits at a delicate inflection point, caught between weakening bullish sentiment and critical technical levels. Until a clear external driver emerges, the path forward may remain uncertain.
The Bitcoin market is entering a complex phase marked by rising realized profits, reduced whale balances, and historically prolonged sideways price movement.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.