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Bitcoin’s Next Breakout: When Will It Smash Through $111,000?

Bitcoin’s Next Breakout: When Will It Smash Through $111,000?

Published:
2025-07-08 12:18:07
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Bitcoin bulls are circling—when will the king of crypto finally breach the $111k barrier?

Market watchers are split: some point to institutional adoption fueling the fire, while others warn of another 'buy the rumor, sell the news' cycle. (Cue eye-roll from retail traders still holding bags from 2021.)

The $111,000 target isn't just a number—it's a psychological battleground. Break it, and FOMO could send prices stratospheric. Fail, and we're back to 'crypto winter' memes.

One thing's certain: Wall Street will take credit either way—just like they 'invented' blockchain after ignoring it for a decade.

Chart

From the chart above, you can see that the relative strength index (RSI) is tracking below 57.00, and has mostly been below this point since May’s record price. A slight break out above this level in June pushed BTCUSD from $105,000 to $110,000.

Bitcoin is currently trading around $109,000, indicating that a move beyond the ceiling on the RSI WOULD likely trigger further bullish pressure, potentially leading to a move to $111,000 and beyond.

 

|Square

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