Bitcoin (BTC) has seen a remarkable year so far, climbing from $93,425 on January 1 to $108,938 on July 4, a gain of over 16.6% in the first half of 2025.
In particular, the rally has been bolstered by a number of high-profile developments, including a surge in institutional holdings. BlackRock, for instance, increased its Bitcoin exposure by more than $23 billion in H1 2025 alone, underscoring Wall Street’s deepening embrace of digital assets.
One of the most notable blockchain events this year occurred just this week: a dormant Satoshi-era wallet containing 10,000 BTC moved for the first time in over 14 years. Valued at roughly $1.09 billion, the movement of such an old and massive holding has reignited conversations about the maturing life cycle of Bitcoin holders and the long-term redistribution of early wealth.
Alongside that, BTC’s rise has helped mint more than 26,000 new Bitcoin millionaires, according to the latest findings from Finbold’s H1 2025 Cryptocurrency Market Report.
Bitcoin price analysis
Looking at the market structure, Bitcoin appears to be consolidating just below $109,000 after briefly testing highs around $109,600. The price currently trades at $108,906, with the intraday range showing a tightening pattern.
On the 1-day chart, there’s evidence of firm support in the $108,300 to $108,400 zone, where multiple dips were absorbed by buyers. Meanwhile, resistance remains at the $109,600 mark, which capped previous attempts to break higher.
Momentum indicators paint a picture of neutral sentiment. The Relative Strength Index (RSI) has oscillated between 38 and 42 during the trading session, indicating that the market is neither oversold nor overbought, suggesting a period of healthy consolidation, with bulls and bears in balance ahead of the next catalyst.
Beyond the charts, Bitcoin’s broader outlook is supported by a strong macro backdrop. The market capitalization stands at $2.16 trillion, with a 24-hour trading volume of $45.75 billion and a fully diluted valuation which has risen to $2.28 trillion.
Meanwhile, on-chain activity remains robust, with whale addresses steadily accumulating and long-term holder supply near all-time highs.
AI Bitcoin price prediction for the end of July
Based on current momentum, market structure, RSI behavior, and macro fundamentals, ChatGPT models forecast that Bitcoin could reach approximately $114,700 by July 31, 2025.
This forecast assumes Bitcoin maintains support near $108,000 and breaks convincingly above the $109,600 resistance zone, which could trigger a new wave of algorithmic buying and FOMO-driven retail interest.
The AI’s reasoning also factors in historical Q3 patterns, which often see increased fund allocations after end-of-quarter rebalancing, as well as the continued optimism surrounding Bitcoin’s evolving role in the global financial system.
However, if the price fails to hold above $106,000 in the near term, this forecast could shift toward a more cautious outlook. For now, though, Bitcoin remains firmly in bullish territory, backed by favorable technicals, strong fundamentals, and growing institutional trust.
