Bitcoin Price News: BTC Remains on Track to Hit $110K as Crypto Adoption Accelerates

Published: July 02, 2025

Author: Alejandro Arrieche

Key Highlights

• Bitcoin (BTC) has seen a nearly 1% increase in the last 24 hours, currently priced at $107,435.
• Global crypto adoption is accelerating due to supportive legislation.
• Bitcoin's recent performance shows signs of exhaustion, but lower time frames suggest a potential push towards $110,000.

Current Market Overview

Bitcoin has emerged as the top-performing cryptocurrency among the top five, boasting year-to-date gains of 15%, significantly outpacing XRP's 4.6% returns. The easing of tensions in the Middle East has contributed to Bitcoin's recent price stability.

Factors Driving Crypto Adoption

The acceleration in crypto adoption is attributed to the maturation of the market and the resilience of blockchain technology during turbulent times. In the U.S., legislative progress is fostering a more favorable environment for crypto companies, including the introduction of regulated crypto-linked products for Bitcoin and Ethereum, which are paving the way for mainstream adoption in investment accounts like 401ks and IRAs.

Additionally, a more crypto-friendly U.S. Securities and Exchange Commission (SEC) may soon approve a range of altcoin-linked ETFs, further enhancing market accessibility.

Data indicates that 250 businesses have incorporated Bitcoin into their liquid reserves, highlighting its growing acceptance as a diversification tool.

Technical Analysis

Bitcoin's price action has recently shown signs of exhaustion following two significant uptrends. The first occurred from November to December, while the second spanned from April to May. The emergence of a red candle on the weekly chart suggests that the current uptrend may be concluding, indicating potential selling pressure and a possible retreat towards key Fibonacci levels (50% and 61.8%).

Despite this, the overall bullish trend suggests that any pullbacks could present attractive buying opportunities for long-term investors.

Price Predictions

Recent analysis indicates that Bitcoin could reach $110,000 after bouncing off the 200-period exponential moving average (EMA). Following a recent surge to $108,800, a retreat has occurred, but the price remains within a tight range on the daily chart. A bullish breakout above $109,000 could signal a further rise towards the $110,000 target.

The Relative Strength Index (RSI) indicates that positive momentum is building, and a bullish crossover between the 9-period and 21-period EMAs would confirm a buy signal, supporting the potential move towards $110,000.

Conclusion

In summary, while Bitcoin's recent price action shows signs of exhaustion, the overall market conditions and technical indicators suggest a strong potential for further gains, with a target of $110,000 in sight as crypto adoption continues to grow.