Bitcoin Price Prediction – BTC Eyes $110K as First Target If Resistance Gives Way

Highlights:

• Bitcoin is trending towards weekly resistance at $108,724
• Rally through $108,724 could trigger a rally to $110k as a first target
• Breach of $110k could pave the way for a rally to new highs soon

Bitcoin (BTC) is little changed today, down by 0.19% in the day. At the time of going to press, Bitcoin was trading at $107,182.22, down by 0.22% in the day. However, trading volumes have dropped sharply in the day, down by 17% to stand at $44.01 billion. This sharp drop in volume when the price is marginally down shows that holders are not selling despite what appears to be price weakness in the short term. It is a bullish signal for Bitcoin and a hint at a possible price breakout in the short term. The fundamentals already support the case for a bull run in the short term.

BTC Demand on The Rise Through ETFs

One of these factors is that institutional demand for Bitcoin is rising. The ETFs are one of the most significant indicators of the rising institutional demand for Bitcoin. While the price has been trading sideways for months, Bitcoin demand through ETFs has risen in the year.

For context, Bitcoin ETFs recorded inflows of $597 million on June 25, 2025. An equally high number of $585.5 million was recorded on June 24. All this hints at a market where institutions take advantage of the ongoing price stability to accumulate as much Bitcoin as possible. This can only trigger a bullish breakout as demand continues to outstrip supply.

JUST IN: ON JUNE 25, BITCOIN ETFS ADDED 5,559 BTC ($597M).

ETHEREUM ETFS ADDED 46,152 ETH ($112M).

Source: @lookonchain pic.twitter.com/R2dxyLhUDe

— Mario Nawfal’s Roundtable (@RoundtableSpace) June 26, 2025

Companies Raising Capital to Create Bitcoin Treasuries

However, not only do Bitcoin ETFs hint at aggressive accumulation of Bitcoin by big money, but multiple companies are increasingly allocating billions of dollars to buy Bitcoin for their treasuries. While Strategy has been the poster child of Bitcoin investing, many other companies are following suit, using stock offerings and debt to raise the capital necessary to buy Bitcoin. Bakkt has recently announced that it is buying $1billion of Bitcoin through a stock offering and debt.

🚨 Bakkt may buy #Bitcoin with $1B 📈

Bakkt Holdings, known for its crypto trading and onramp solutions, says it could use up to $1 billion from its shelf offering to purchase $BTC.

Big players are stacking again. pic.twitter.com/3j6faWjTK0

— Bitcoinsensus (@Bitcoinsensus) June 27, 2025

Nation States Increasingly Buying Bitcoin

Nation States have not been left behind either. El Salvador was one of the first countries to accumulate Bitcoin as part of its national reserves. Now, multiple other countries are doing the same. For instance, Bhutan has been mining Bitcoin since 2020 and now has 40% of its GDP in Bitcoin. Many other countries are mining or buying Bitcoin in the open market through sovereign wealth funds. All this demand is happening in an environment where Bitcoin’s price appears stagnant. It could hint that a price breakout is underway as demand increasingly outstrips supply.

Bhutan has quietly mined 12,000 $BTC worth $1.3B since 2020, now holding nearly 40% of its GDP in Bitcoin, making it the world’s 3rd-largest state holder. pic.twitter.com/HnnWj5MiqK

— Christiaan (@ChristiaanDefi) June 27, 2025

The Macro Environment Increasingly Favours BTC

Besides the Bitcoin-specific factors, the macro environment also increasingly favours Bitcoin. One of these factors is that tensions in the Middle East that recently threatened the world economy have diffused. Investors are now incentivised to invest even more in high-risk assets like cryptocurrencies. At the same time, the US and China seem to be getting closer to a trade deal.

The latest reports are that the two countries have confirmed the details of their agreement from their ongoing talks. This will likely drive even more confidence in the world economy and could push capital into Bitcoin and other risk-on assets.

The US and China have finalized a trade understanding reached last month in Geneva, US Commerce Secretary Howard Lutnick told @kaileyleinz and @jmathieureports on "Balance of Power" https://t.co/qZyEIt78e6 pic.twitter.com/qQXIC8eK7r

— Bloomberg TV (@BloombergTV) June 26, 2025

Technical Analysis – Bitcoin Price Still Pushing Multi-Week Resistance

Bitcoin continues pushing the $108,724 resistance for the 5th successive day. If bulls take control and push Bitcoin through the $108,724 resistance, a rally to $110k could follow in the short term.

On the other hand, if Bitcoin fails to rally through the $108,724 resistance, then a correction to prices below $100k could follow, with the $93,386 support being a key target short term.