Bitcoin has reached an important stage that could determine the future dynamics of the cryptocurrency market. According to BTC Markets analyst Rachel Lucas, the current price of the first cryptocurrency has approached a key technical level that will impact its future movement.
This is reported by Business • Media
Two Scenarios for Bitcoin’s Development
Lucas noted that the RSI and MACD indicators indicate a slowdown in the “bullish” momentum, although the long-term outlook remains positive. She identified a support level at $103,000, with a more stable base around $97,600.
- If Bitcoin stays above $103,000–105,000, there is a possibility of rising to $115,000.
- If it falls below $103,000, the price could drop to $93,000–97,000.
According to Lucas, even if a correction occurs, it will not signify the end of the upward trend.
Changing Role of Bitcoin in the Market
Presto Research expert Min Chung pointed out that the growing institutional interest in Bitcoin is leading to its dominance over altcoins. She emphasized that demand is largely driven by corporate investors, including Strategy, Metaplanet, and Twenty One. This strengthens Bitcoin’s position in the market.
Rachel Lucas also believes that Bitcoin’s role is changing: it is transitioning from being regarded as “digital gold” to a tool for hedging risks. This transformation makes the asset more sensitive to changes in the macroeconomy, central bank policies, and geopolitical events.
As of June 2025, Bitcoin is trading above $105,500, indicating sustained high interest from investors. It is worth noting that previously, the sons of former U.S. President Donald Trump expressed a prediction regarding a potential rise in Bitcoin’s price to $175,000.