Bitcoin Shatters $107,000 Barrier – Is the Crypto Winter Finally Thawing?

Bitcoin just bulldozed past $107,000 like a bull on Red Bull. After months of sideways action that had traders snoozing, the king of crypto is back with a vengeance.

The breakout nobody saw coming

Market analysts—who were busy drawing 'death cross' charts last week—are now scrambling to update their price targets. The move comes as traditional markets wobble under yet another Fed meeting (because clearly, more committees will solve everything).

Liquidity floods back in

Volume spikes suggest institutional money is pouring in, though whether it's smart money or just dumb money arriving late remains to be seen. Meanwhile, crypto Twitter has shifted from 'bear market' memes to 'to the moon' rockets in record time.

As the old Wall Street saying goes: markets climb a wall of worry—right before they fall off a cliff of complacency. For now? The champagne's flowing in crypto land.

The last time Bitcoin was able to reach above $107,000 and even surge beyond $110,000 was back in early June, specifically on June 10. But that was before the crypto market got dragged down by geopolitical tensions between Iran and Israel as well as the cautious stance towards interest rate cuts from the Fed.

Bitcoin’s upward momentum is mostly driven by accumulation by institutional holders, like Michael Saylor’s Strategy as well as other “copy-cat” firms which have warmed up to BTC treasury operations.

The strengthening of Bitcoin and other alternative assets like gold could be attributed to the weakening U.S. dollar, which has reportedly been losing its grip as it falls by record levels in 2025 alone. According to a report by Al Jazeera, the dollar index has fallen by 10.8% within the first half of this year.

Could July boost Bitcoin even higher?

Matrixport analysts predicted that BTC could hit a new all-time high this month, even going as high as $116,000. Based on analysis of historical bitcoin patterns, analysts have found a consistent period of strong gains whenever July rolls around.

For instance, BTC once hit its highest July peak in 2020, rising by as much as 23.9%. The next two years that followed also generated strong gains. Analysts have concluded that the month of July turns up an average return of more than 9.1%.

“This creates a clear risk or reward skew to the upside as we head into July,” said Matrixport analysts.

Just a day prior, crypto.news reported that BTC was stuck in a resistance zone and showing signs of a bearish divergence. However, it has rebounded back to the $107,000 level and is increasing steadily today.

As traders enter the month of July, it remains to be seen whether the prediction will come to pass and whether BTC will finally be able to break free from its stagnation period.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.