Bitcoin (BTC) recently dropped more than 7% this month, with daily charts flashing red. Rising global tensions and sharp price swings now have investors rethinking the long-term path for the world’s top cryptocurrency.
Can Bitcoin push through the current pressure and reach the long-awaited $150,000 to $200,000 target this cycle?
Recent events reveal a mix of factors shaping the market. Even with the price dip, institutional investors keep pouring money into Bitcoin. Headlines like “Bitcoin Price Back to $105K Amid Rising Whale Activity” highlight strong interest from large holders.
Meanwhile, ETFs continue bringing in major capital, raising the question: why hasn’t the price moved up more sharply?
Source – 99Bitcoins YouTube Channel
Bitcoin Price Analysis
As of today, the market shows signs of recovery, bouncing back from earlier dips. However, trading volume has dropped nearly 17%, and the Fear & Greed Index slid from 49 to 43, showing rising fear among investors.
Bitcoin dominance continues to grow, which often signals weakness for altcoins. On the weekly chart, Bitcoin has fallen about 1.3%, and it’s down 0.26% in the past hour, now hovering around $103,000. Ethereum (ETH) has also slipped, trading near $2,400, showing broader weakness in the altcoin market.
Over $250 million in long positions got wiped out recently, triggering sharp drops. Bitcoin briefly fell below $103,000, and Ethereum dipped under $2,400. Ongoing war fears and global tensions continue to shake up prices, yet institutional capital keeps flowing into crypto.
BlackRock has once again bought the dip, showing strong support from big players. In a major step, Texas passed House Bill 4488, signed by Governor Greg Abbott, which protects any future Bitcoin reserves from being absorbed into the state’s general fund—even after the automatic expiration in 2025.
This bold move shows Texas’s commitment to using Bitcoin in its long-term financial plans and reflects growing mainstream support for the asset. This steady stream of institutional and government support helps Bitcoin stay above the key $103,000 level, even as selling pressure remains strong.
Bitcoin Price Prediction
Despite current challenges, many in the crypto space stay optimistic and expect a crypto supercycle—a major bull run driven by growing FOMO (Fear of Missing Out).
If that happens, Bitcoin could break past its previous all-time high of around $66,000. Some believe this cycle could send Bitcoin to $150,000 or even $200,000.
This bold target reflects Bitcoin’s strong ability to stay above key levels, especially $100,000, even during recent market stress and global tensions. That kind of strength builds trust and adds stability to the market.
Fueling the bullish outlook further, the Federal Reserve may start cutting interest rates as early as July, based on recent reports. Lower rates usually help fight inflation and boost asset prices—including Bitcoin. This shift could trigger the next big rally for Bitcoin and the wider crypto market.
Solana’s First Layer 2 Launches Tomorrow, June 23
Solaxy (SOLX), the first Layer 2 built for the Solana blockchain is now on its final stage of presale. With less than 36 hours left before launch, the project has already raised over $56.7 million in its presale, pulling in $700,000 to $1 million per day.
Major centralized exchanges plan to list the token, making Solaxy one of the most hyped Solana-based launches this year.
Solaxy aims to boost Solana’s infrastructure by adding Layer 2 scalability and improving performance, all while keeping Solana’s speed intact.
The team built Solaxy to tackle common issues like network congestion, failed transactions, and scalability limits. Its custom features aim to create smoother user experiences in DeFi, NFTs, and meme coin spaces.
Solaxy’s Layer 2 launch is moving fast, with token claims starting June 23 and the mainnet going live on July 7. Neptoon DEX launches on July 14, followed by the Igniter no-code token launchpad a week later.
Investors also see huge value in Solaxy’s 75% staking reward—one of the highest in the ecosystem. Whether meme coins are the main focus or not, the mix of utility and high-yield staking puts Solaxy among the most talked-about presales this year.
Buying into Solaxy is easy. Investors can use crypto or credit cards through the official website or the Best Wallet app. With the presale wrapping up and exchange listings coming soon, Solaxy could become Solana’s next breakout project.
The team has already burned around 55 billion SOLX—roughly 40% of the total supply—before launch, permanently removing those tokens from circulation.
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