As of July 8, 2025, Bitcoin (BTC) is trading around $108,700, showing minor intraday fluctuations amid global macro uncertainty. Market sentiment is currently cautious due to new U.S. tariffs on major economies like Japan and South Korea, announced by President Trump, which have slightly pressured both equities and crypto markets. However, underlying fundamentals remain bullish on chain data shows exchange reserves have dropped to record lows, indicating reduced sell-side pressure, while 80% of BTC supply is held by long-term holders ("diamond hands"), historically a precursor to strong upward moves. Traders are actively betting on BTC reaching $130K, and forecasts suggest a potential breakout to $115K–130K if Bitcoin can clear the $110K resistance. Institutional interest continues to grow, with developments like the U.S. Strategic Bitcoin Reserve, increased mining productivity from firms like HIVE Digital, and new $100M investment funds targeting BTC startups. If positive sentiment persists and macro pressure eases, analysts predict Bitcoin could hit $135K–150K in the coming months, with some bullish projections reaching $200K by year-end, driven by ETF inflows and accelerating adoption.
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As of July 8, 2025, Bitcoin (BTC) is trading around $108,700, showing minor intraday fluctuations amid global macro uncertainty. Market sentiment is currently cautious due to new U.S. tariffs on major economies like Japan and South Korea, announced by President Trump, which have slightly pressured both equities and crypto markets. However, underlying fundamentals remain bullish on chain data shows exchange reserves have dropped to record lows, indicating reduced sell-side pressure, while 80% of BTC supply is held by long-term holders ("diamond hands"), historically a precursor to strong upward moves. Traders are actively betting on BTC reaching $130K, and forecasts suggest a potential breakout to $115K–130K if Bitcoin can clear the $110K resistance. Institutional interest continues to grow, with developments like the U.S. Strategic Bitcoin Reserve, increased mining productivity from firms like HIVE Digital, and new $100M investment funds targeting BTC startups. If positive sentiment persists and macro pressure eases, analysts predict Bitcoin could hit $135K–150K in the coming months, with some bullish projections reaching $200K by year-end, driven by ETF inflows and accelerating adoption.