July 7, 2025 — Bitcoin (BTC) continues its upward trajectory, approaching its historical peak as investors rotate capital back into digital assets. As of Monday morning, BTC is trading near $109,400, placing it within 3 percent of its all-time high of $112,000, last recorded in May.
The recent price action comes amid renewed optimism around institutional adoption and broader macroeconomic shifts. Notably, Bitcoin exchange-traded funds (ETFs) have seen a steady inflow of capital, reflecting growing confidence among long-term investors.
ETF Demand and Economic Uncertainty Support Momentum
Analysts attribute the price rise to increased demand from spot Bitcoin ETFs, which have brought a new layer of legitimacy and accessibility to the digital asset market. These financial products have attracted capital from both retail and institutional players, many of whom view Bitcoin as a hedge amid ongoing global uncertainty.
Concerns over potential new U.S. tariffs on BRICS nations, coupled with slower momentum in equity markets, have prompted some investors to seek alternative stores of value. In this context, Bitcoin’s limited supply and decentralized nature are proving attractive once again.
Technical Landscape Suggests Bullish Continuation
On the technical side, Bitcoin is showing signs of strength. The asset has held key support zones above $107,500, and analysts are watching closely for a breakout above $110,000, which could open the path to a fresh all-time high.
“The market structure remains intact,” says crypto strategist Alan Mendez. “Bitcoin is consolidating just under major resistance, and if volume increases, we could see a clean breakout.”
On-Chain Data Highlights Accumulation Phase
On-chain activity supports the bullish thesis. Whale wallets—typically defined as those holding 1,000 BTC or more—have resumed accumulation over the past week. Additionally, exchange balances continue to decline, suggesting that investors are moving their coins into cold storage rather than preparing to sell.
Meanwhile, Bitcoin mining difficulty remains elevated, indicating that network health is strong and miner confidence is intact.
Outlook: Can Bitcoin Break Through?
With Bitcoin now hovering just below its peak, the coming days may prove pivotal. A decisive move above $112,000 would mark a new milestone and could attract further media and retail attention.
However, market watchers caution that volatility remains a factor, particularly ahead of key macroeconomic data releases and regulatory developments in the U.S. and Europe.
For now, Bitcoin’s resilience and growing institutional presence continue to define the narrative. Whether that’s enough to push it into uncharted territory remains to be seen.
