Bitcoin is firm, temporarily breaking $110,000. Analyst targets $230,000 if bulls press on. Bitcoin Hyper presale raises over $2 million.
Bitcoin is firm at spot rates, building on the solid momentum of last week, which saw the coin close above $110,000 on July 3 before cooling off. Confidence is high with the world’s most valuable coin inching closer to $112,000 and likely to break print fresh all-time highs this month.
This optimism is understandable. After the shakeout on June 22, when
Bitcoin
1.23%
Bitcoin
BTC
Price
$63,545.37
1.23% /24h
Volume in 24h
$38.19B
Price 7d
crashed below $100,000, speculators were flushed out as over $700 million in leveraged Bitcoin positions were liquidated across major exchanges, including Binance and Bybit.
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BTCUSDT Cup-and-Handle Formation
The forced closure of billions of dollars’ worth of traders’ positions seemed to fuel the recovery, as prices sprang higher on June 23 before momentum picked up.
As Bitcoin eyes $112,000, technical candlestick arrangements may hint at where prices may head next.
On X, one trader notes that there is a clear cup-and-handle formation in the monthly chart.
#Bitcoin and #Solana Cup and Handle Pattern on monthly chart 🔥$BTC has broken out the handle while $SOL is still waiting for the breakout.
This pattern sets $BTC and $SOL to targets of $230,000 and $4,390 respectively.$BTC & $SOL/ M1 pic.twitter.com/PUmiUdI1Pl— Trader Tardigrade (@TATrader_Alan) July 6, 2025
If BTCUSDT closes above the local resistance at $112,000, the coin could surge to as high as $230,000 in the coming few months.
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Why Bitcoin and Crypto May Rally or Dump on July 9
And the ground is set. Events of next week will likely catalyze demand, setting a strong foundation for this moonshot rally.
While the FOMC Meeting Minutes will be released on July 9.
On this day, Donald Trump and the United States will also decide whether the Donald Trump Liberation Day tariff pause ends or is extended.
The 90-day delay, announced in April, gave countries ample time to negotiate with the United States on trade tariffs.
In late June, Donald Trump announced that a deal had been struck with China, and negotiations are ongoing with India and several other partner countries. The United States has also reached agreements with the United Kingdom, with details being finalized with the European Union.
The announcement of the 90-day tariff pause was a significant relief for crypto. Bitcoin broke higher, reclaiming $90,000 and later $100,000. This expansion also boosted some of the best cryptos to buy, funneling more capital into some of the hottest presales.
If the tariff pause is extended, Bitcoin could spring higher, marching slowly towards $230,000.
On X, one analyst, citing CryptoQuant data, noted that the 30-day percentile of the Unrealized Profit/Loss (P/L) Ratio is at 80%, meaning most BTC holders are in profit and remain optimistic about the future. Historically, prices tend to cool off when the P/L Ratio is in the 90% to 100% range.
Currently, the 30-day percentile of the Unrealized P/L Ratio stands at 80%. This position of the metric indicates that the ratio of coin volume in profit to volume in loss is now much higher than usual, with the majority of BTC holders in profit.
Since we haven't yet reached the… pic.twitter.com/TOWIzKHBUx
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) July 3, 2025
At current levels, Bitcoin bulls still have momentum to push the coin higher, possibly above $112,000, based on the candlestick arrangement in the daily chart.
Bitcoin Hyper Presale Breaks $2 Million
Analysts are convinced that if Bitcoin prices rally, Bitcoin Hyper, one of the hottest presales in July 2025, will follow suit.
Over $2 million has already been raised in the ongoing presale. The native token, HYPER, is trading for just $0.012175 at this stage of the ICO. However, prices will rise in the next 36 hours.
You can buy HYPER now using USDT, ETH, and bank cards.
At the same time, there is an option to stake for a 395% APY. Already, presale investors have locked over 132.6 million HYPER tokens, earning passive income.
It is easy to see why presale investors are excited about Bitcoin Hyper. The project is building a layer-2 solution for Bitcoin, incorporating Solana technology for low fees and high scalability.
Bitcoin Hyper will initially be interoperable with Solana, allowing users to transfer BTC from the Bitcoin network and mint an equivalent amount in HYPER. This allows them to explore the Bitcoin Hyper ecosystem, even engaging in DeFi and other yield-generating activities.
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Bitcoin Crypto $230K Target, Bitcoin Hyper Breaks $2M
- Bitcoin price firm after briefly breaking $110,000
- Cup-and-handle formation in the monthly chart. Trader targets $230,000
- Donald Trump Liberation Day decision on July 9 to make or break crypto
- Bitcoin Hyper raises over $2 million
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