Bitcoin Price Prediction: BTC Reclaims $107K After 5% Jump; Key Levels Point to $110K Breakout

Bitcoin climbs above $107K after trendline breakout and Fed signals. Will bulls target $110K next? Key levels and market drivers explained.

Quick overview

Bitcoin climbs above $107K after trendline breakout and Fed signals. Will bulls target $110K next? Key levels and market drivers explained.

Bitcoin is up 5% in the last 24 hours, back to $106,652 and flirting with $107,000. This comes after a dip below $100K and is driven by easing geopolitical tensions, rising rate cut odds and institutional inflows.

The market followed suit, with total market cap up 4.4% to $3.26 trillion and trading volumes 10% to $150 billion. Ethereum is up 7% and risk sentiment improved globally after a 12-day conflict in the Middle East ended.

Investor confidence was also boosted by a pullback in oil prices and dovish comments from the Fed. Governor Michelle Bowman and Christopher Waller both hinted at a July rate cut. As a result, the CME FedWatch Tool now shows a 23% chance of a 25-basis-point cut – up from 16% last week.

 

BTC/USD

Fed Signals and Regulation Support BTC

Bitcoin’s price is also supported by regulatory clarity. The US Federal Reserve said it will no longer factor in “reputational risk” when assessing banks’ involvement with crypto companies. This could mean smoother banking access for digital asset businesses.

Meanwhile, institutional interest is still strong:

  • US listed Bitcoin ETFs have seen 10 days of net inflows.

  • Corporations hold over 3.2% of all circulating BTC.

  • Bitcoin as a treasury reserve is gaining traction.

These factors, combined with dovish monetary signals, have kept buyers engaged despite earlier stress.

Technical Outlook: Can Bitcoin Break $110K?

On the 2-hour chart, BTC/USD has broken out above the descending trendline that capped price action since mid-June. The move was backed by a bullish crossover of the 50-EMA ($104,317) and 200-EMA ($104,818). Price is consolidating at $107,000 – a key horizontal resistance.

Bitcoin Price Chart - Source: Tradingview
Bitcoin Price Chart – Source: Tradingview

Short term momentum is bullish after BTC retested the 200-EMA and held above $106,200. A close above $107,673 could see price move to $108,966 and $110,376.

Levels to Watch:

  • Bullish breakout entry: Close above $107,700

  • Upside targets: $108,966 and $110,376

  • Support: $106,200 and $105,600

  • Risk: Below $100,000, $96,000

Macro risks still present but technical and fundamentals are bullish. Wait for a close above $107.7K before going long.

ABOUT THE AUTHOR See More
Maham Arslan
Crypto News Writer | Blockchain & Web3 Reporter
Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.

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