CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Finbold 2025-06-28 20:02:11

Cryptocurrency markets predict Bitcoin’s price for July 1

As the second half of the year approaches, markets are predicting that Bitcoin ( BTC ) is likely to trade near its current levels. Notably, Bitcoin has regained bullish momentum as investors have reacted positively to the easing of geopolitical tensions in the Middle East. The cryptocurrency is now targeting the $110,000 resistance level. At press time, Bitcoin was trading at $107,346, up nearly 0.5% in the past 24 hours and 3.5% over the past week. Bitcoin seven-day price chart. Source: Finbold Bitcoin price prediction On the prediction front, traders on Polymarket , a crypto-based forecasting platform, are betting that Bitcoin will likely trade above $108,000 on July 1. Current market data assigns a 40% chance of BTC closing the day above that level, making it the single most probable outcome. Probability estimates have shifted slightly in recent days. The odds for the $108,000 and above bracket have risen by about 5% compared to earlier in the week. The data shows a distribution of likely outcomes for July 1. After the $108,000 mark, the next most probable range is close between $106,000 and $108,000, with a 29% chance. Other ranges trail behind, with $104,000 to $106,000 at a 20% chance, $102,000 to $104,000 at a 9% chance, and below $102,000 given just a 3% chance. Bitcoin price prediction. Source: Polymarket Bitcoin’s record high If Bitcoin reclaims the $108,000 level, it could pave the way toward a new all-time high, possibly as early as next week, according to some analysts. For instance, on June 28, analyst Ted Pillows noted in an X post that Bitcoin appears to be entering a Wyckoff accumulation phase, which has historically preceded major rallies. https://twitter.com/TedPillows/status/1938994012515385853 His analysis projects a move toward $176,000 in the coming months, supported by bullish macroeconomic factors, including U.S. stocks hitting record highs, rising global M2 liquidity, and renewed confidence following recent U.S. trade deals. He noted that key technical levels to watch include $106,220 (an accumulation zone) and $125,200 (a breakout threshold). Therefore, sustaining price action above these levels could trigger a significant rally. Featured image via Shutterstock The post Cryptocurrency markets predict Bitcoin’s price for July 1 appeared first on Finbold .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.