Bitcoin price (BTC) surged past $108,500 on June 30, 2025, setting the stage for what could become a historic weekly and monthly close above the $109,000 level. The sudden weekend momentum has left traders optimistic that Bitcoin could soon break all-time high candle closing records, signaling a strong start to Q3.
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Bitcoin Hits Two-Week Highs Amid Whale Activity
According to data from Cointelegraph Markets Pro and TradingView, BTC/USD gained over 1% in a 24-hour window, hitting a two-week high. The surge was partially attributed to whale activity, particularly the actions of the controversial Hyperliquid trader, James Wynn.
Wynn had opened a massive $13.9 million BTC short position with a liquidation price of $108,630. As Bitcoin’s price neared that threshold, other traders seemingly coordinated an attempt to trigger Wynn’s liquidation. Eventually, Wynn closed his short early and flipped long with 60 BTC, further fueling bullish sentiment.
🧠 What Experts Say About Bitcoin’s Long-Term Potential
The recent surge in BTC isn’t just short-term hype. Experts believe that regulatory clarity, institutional adoption, and upcoming BTC ETF developments could drive the next bull cycle. Here’s what some leading voices are saying:
- Anthony Pompliano, Bitcoin investor:
“Bitcoin’s infrastructure is stronger than ever. With mainstream money flowing in, $150K–$180K isn’t unrealistic by 2026.”
- Cathie Wood, CEO of ARK Invest:
“Bitcoin is the only digital asset with true institutional demand. Our models forecast a price target above $200,000 within the next 3–5 years.”
These bullish outlooks reflect a broader confidence in Bitcoin’s role as a hedge against inflation and a long-term store of value.
Market Structure Signals Bullish Momentum
Short-term technicals support the bullish outlook. Popular crypto analyst Autumn Riley posted on X:
“If you look at the 15-minute chart, the structure is bullish. Every time price sweeps a high, it reacts down but keeps making higher lows. The pressure from sellers is fading slowly.”
Meanwhile, trader BitBull noted a golden cross forming on Bitcoin’s MACD (Moving Average Convergence/Divergence) indicator—a strong signal of near-term bullish strength:
“Another signal which shows that bulls are in control. Low liquidity means slow movement, but expect a breakout once markets open.”
Can BTC Break Historic Resistance at $109K?
Crypto analyst Rekt Capital highlighted the potential for a historic weekly close above the last major resistance line:
“Bitcoin has never performed such a Weekly Close. In doing so, it would enable Bitcoin to enjoy a new uptrend into new All Time Highs.”
Historically, the highest weekly close for BTC sits just above $109,000 on Bitstamp. A close above this level would not only confirm strong momentum but could mark the start of a new market cycle.
💼 What It Means for Investors
For long-term holders and new investors, a breakout above $109K offers several signals:
- Confirmation of bullish market cycle continuation
- Potential inflow into altcoins as BTC dominance grows
- Strengthening institutional interest in digital assets
Glassnode data also revealed that long-term holders are accumulating aggressively, with over 800,000 BTC added in June 2025—marking the strongest “hodl run” in Bitcoin history.
🔒 Security & Scarcity Driving Demand
With Bitcoin’s halving event expected in mid-2026, market experts are already anticipating increased scarcity. Historically, halving cycles have led to massive price rallies in the 12–18 months that follow.
On-chain data also confirms that over 70% of BTC supply hasn’t moved in over 6 months, highlighting long-term conviction among holders.
📷 Chart Snapshot
📈 Conclusion: Q3 Starts With Big Bullish Energy
Bitcoin’s movement near the $109K resistance is being closely watched. If the weekly and monthly candles close above that level, it could unlock new highs and reshape short-term trading strategies.
As always, traders should stay cautious during low-liquidity weekends and monitor global economic events that could impact crypto markets.
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Author: Ankit Kumar
Editor-in-Chief, Time of Hindustan
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