Price Analysis View Non-AMP

Bitcoin Breakout Alert: Technicals Point Towards a New ATH—Here’s What’s Next!

Published by
Sahana Vibhute

Bitcoin (BTC) price has again stolen the spotlight, surging past a crucial resistance zone and igniting speculation: Could $110,000 be the next major milestone? With bullish technical patterns forming and on-chain data aligning, BTC’s price structure paints a promising picture, but not without a few caveats. 

A recent report showed Bitcoin long-term holders are not distributing, which suggests the token is in a quiet accumulation phase. The lack of spikes in Dormancy flow reduces sell pressure from old coins, which could be a bullish signal for the token. 

The data from Glassnode, the BTC long-term holder (LTH) spending binary indicator, shows minimal spending for the first time since June 10. With LTH supply near all-time highs at around 14.7 million BTC which signals conviction where the seasoned investors remain reluctant to distribute despite recent market volatility. Previously, the minimal long-term holder selling occurred post-March 2020 which set the stage for explosive rallies. 

Bitcoin Price Prediction June 2025: Will BTC Price Reach $110K?

Bitcoin volatility has dropped below Gold for the first time ever, which signifies a historic shift in finance. This suggests that the star token is maturing and the market is recognizing it.  Hence, as adoption grows and institutional confidence deepens, BTC could start to behave less like a wild rollercoaster and more like a stable store of value. As BTC price reclaimed $105K, and funding rates turned negative, there has been a classic set up of a short squeeze. With shorts piling in, history suggests an upward move could be imminent for Bitcoin & altcoins. 

In the long term, the BTC price has approached a crucial resistance zone, which suggests a major breakout is underway. Previously, when the price reached the final resistance zone between $69,400 and $72,150. On the other hand, the weekly CMF dropped below the average and triggered a rebound, similar to what happened before the Q4 2024 rally. On the other hand, the weekly MACD which was on the verge of undergoing a bearish crossover, has displayed a bullish divergence. 

Therefore, the Bitcoin (BTC) price is expected to accumulate along the resistance zone for a couple of weeks until the buying volume intensifies, followed by a breakout to a new ATH. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Parataxis Merges with SilverBox Corp to Raise Up To $640M for a Bitcoin Treasury Company

Parataxis Holdings LLC, an investment firm focused on digital assets led by Bitcoin (BTC$, has…

August 7, 2025

China To Permit Launch of the First Yuan Stablecoin to Rival U.S. Dominance

China is set to approve the development of the first Yuan stablecoin for internal and…

August 7, 2025

Solana (SOL) Set to Skyrocket Past $300 as Bulls Re-Awaken, But It Could Take a Backseat to DeSoc Predicted 43x Surge

Solana has been one of the strongest altcoins this year. Its fast transactions and low…

August 6, 2025

Fed Official Kashkari Backs Two Rate Cuts in 2025; Rate Cut Odds Hit 93%

There are growing concerns at the Fed over an economic slowdown, and calls for rate…

August 6, 2025

Blockchain-Ads Review: Is It the Best Advertising Platform?

Blockchain-Ads is a 3rd-generation advertising platform built for marketers who operate at scale and require…

August 6, 2025

XRP Gains Momentum at $2.90, Yet Ozak AI’s Under $0.10 Price Could Offer 220x Upside With $1.5M Raise

XRP traded at $2.79 after a 6.91% daily decline, holding a $165.81 billion market capitalization…

August 6, 2025