Bitcoin Price Forecast: Key Levels Under Observation by Smart Investors – Are You Aware?

Bitcoin (BTC) has ended its two-week decline, recovering from a low of $100,200 to trade above $107,600. This increase comes after BTC’s significant breakout above a multi-week descending trendline on the 4-hour chart, a movement that technical analysts interpret as a reversal in short-term momentum.

What caused this shift? A bullish engulfing candle broke through $106,800, a crucial resistance level that is now functioning as short-term support. Moreover, BTC is generating higher lows, creating a classic bullish pattern.

The Relative Strength Index (RSI) is currently at 66.76, indicating that the ongoing rally is strengthening but nearing overbought conditions. The next significant resistance level is $108,905. If this level is surpassed, Bitcoin’s price predictions could aim for $110,565 and even $111,987 in a bullish continuation.

Smart Money Targets $103,700 and $95,600

In addition to the technical indicators, on-chain metrics provide insight into where smart money is focusing its attention. According to Glassnode’s Spendable Supply Distribution (SSD), 95% of all circulating BTC was acquired at a price below $103,700. This level now serves as both a psychological and statistical support, commonly referred to by analysts as “cost-basis support.”

Bitcoin Quantiles Cost Basis. Source: Glassnode

Another significant threshold is at $95,600, where 85% of the Bitcoin supply has a lower purchase price. These quantile levels create “value zones” where institutional and long-term investors are likely to intervene and support the price.

If Bitcoin retraces from its current levels, these two price zones are expected to act as cushions before any further decline.

Key Support Areas:

• $103,700: 95% SSD threshold
• $95,600: 85% SSD cost basis
• $106,800: Trendline retest area

Bitcoin Forecast: Bullish Setup with Short-Term Caution

Despite the growing pressure from long-term holders (LTHs) taking profits, historical trends show that June is typically a positive month for Bitcoin. The average monthly return is +2.58%, suggesting that the current rebound may still have momentum.

Bitcoin Price Chart – Source: Tradingview

Traders should exercise caution with the present setup. The breakout just above $106,800 is encouraging; however, a failure to break above $108,905 could result in a significant pullback.

The relative strength index (RSI) levels indicate that a cooldown might be necessary before bulls can overcome the next challenge.

Trade Idea:

• Entry: Wait for a confirmed 4-hour close above $108,905
• Stop-loss: Set below $106,800
• Target 1: $110,565
• Target 2: $111,987
• Note: Avoid entering too early; RSI is nearing overbought conditions

In conclusion, smart money is monitoring both the $103,700 and $95,600 levels for value, while the breakout structure indicates a bullish tendency, provided BTC maintains its position.

Bitcoin Hyper Presale Reaches $821K—Layer 2 Just Received a Meme-Sized Upgrade

Bitcoin Hyper ($HYPER) is gaining traction as the first Bitcoin-native Layer 2, merging speed, scalability, and meme culture. Designed to address Bitcoin’s most pressing issues—slow transactions and high fees—it utilizes the Solana Virtual Machine (SVM) to introduce rapid, low-cost smart contracts to the BTC ecosystem.

With more than $821,823 already secured, early investors are placing significant bets on its combination of technological innovation and meme appeal.

Key Features That Distinguish It

What sets Bitcoin Hyper apart? It’s the sole Bitcoin-based Layer 2 that merges the speed of SVM with the security of BTC’s foundational layer. The Canonical Bridge facilitates seamless BTC transfers, while low-cost gas fees and swift execution enhance dApps, meme coins, payments, and more. Audited by Consult, it is designed for speed, trust, and scalability.

Staking Rewards and Functionality

$HYPER is more than just a token; it powers the entire ecosystem. Users can stake it for high APY rewards after launch, utilize it for gas fees, and access premium decentralized applications (dApps). Furthermore, active holders can gain bonuses through governance and early adoption initiatives. This represents genuine utility in a meme-friendly package.

Presale Now Active—Don’t Miss the Price Surge

The public presale is currently active, with 1 $HYPER priced at $0.011825. Over 90% of the funding target has already been met. Early purchasers can secure the price at this level before the next tier is launched. Purchase with cryptocurrency or card, and if you don’t have a wallet, no worries. Web3Payments is integrated for a smooth checkout process.

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