Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

A new analysis shows that Bitcoin (BTC) may be on the verge of a calculated price crash that could take it below $107,000 before igniting the next bullish rally. The cryptocurrency market structure currently reflects a short-term bearish correction within a broader bullish trend, supporting the likelihood of a potential surge to new all-time highs soon. 

Bitcoin Prepares For Final Dip Below $107,000

Crypto market expert, Tehi Thomas, in a recent TradingView post, suggested that Bitcoin’s current structure may be entering its final corrective phase. The analyst points to a potential price crash below the $107,000 level as part of a strategic play by smart money. 

The analyst shared a chart showing Bitcoin forming consecutive lower highs while its price presses downwards. Across these highs, the market is also respecting a descending trendline, a pattern which often indicates short-term bearish pressure. Notably, this trendline appears to be serving as a potential trap designed to engineer a liquidity grab and discount entry. 

Thomas notes that once the key zone and sell-side liquidity area around $107,800 is taken, Bitcoin’s price is expected to dip into a nearby Fair Value Gap (FVG), extending down to the $106,500-$106,200 region. This FVG overlaps with critical Fibonacci levels, particularly the 0.786 retracement near $106,200, strengthening the confluence for a potential reversal point. 

Thomas has highlighted this $106,200 level as a high-probability buy zone, where institutions may re-enter the market. Notably, the analyst’s anticipated price correction for Bitcoin is not seen as a breakdown of structure or market failure, but rather a calculated liquidity grab to fill inefficiencies left from the previous lag. As long as the price respects the $106,000 range and displays bullish order flow afterward, its projected correction is expected to complete the accumulation phase. 

All-Time Highs In Sight After Key Reversal

Following Bitcoin’s projected sweep and fill of the FVG, the cryptocurrency is expected to form a reversal structure that could kick off the next major rally. Despite the projected crash below $107,000, Thomas asserts that Bitcoin’s overall macro trend remains bullish. Moreover, this short-term pullback is considered a setup for a much larger move toward a new all-time high.

Thomas’s chart marks the $110,500 zone as the final magnet and ATH target, with a significant layer of untapped liquidity above it. The analyst’s thesis is that once the sell-side pressure is exhausted and displacement confirms the shift in direction, Bitcoin could once again regain bullish momentum. 

Furthermore, the TradingView expert has pointed out that the FVG near $106,200 acts as both a liquidity magnet and a springboard, set to launch the flagship cryptocurrency into price discovery mode once again. Currently, Bitcoin is trading at $108,744, meaning a potential surge to the projected ATH level at $110,500 will represent a 1.61% increase. 

Key point:

• BONK has pulled back after the sharp rally, but no topping signs are visible on the charts yet.

Solana memecoin launchpad LetsBonk’s 24-hour revenue surged to $1.04 million on Monday, nearly double the revenue of Pump.fun at $533,412, according to data aggregated by decentralized finance platform DefiLlama.

Bonk’s (BONK) price has rallied sharply since the launch of LetsBonk on April 25. Could the rally continue? Let’s analyze the charts to find out.

BONK price prediction

BONK turned up from $0.000011 on June 22 and picked up momentum after breaking above the moving averages on Friday.

Bitcoin has maintained its position as the preferred crypto asset, outperforming 15 of the top 20 tokens by market cap over the past month with a 3.7% return, while most major altcoins posted negative performance.

Bitcoin dominance has climbed back to 62%, reclaiming the highs reached in May and suggesting continued flight-to-quality behavior among crypto investors. The sluggish altcoin performance indicates that the anticipated "alt season" has yet to materialize, with capital remaining concentrated in Bitcoin rather than flowing into riskier alternative tokens.

Bitcoin Cash emerged as a notable exception, posting a 25% return that significantly outpaced Bitcoin's modest gains. This outperformance has been partly thanks to unsubstantiated speculation that an old Bitcoin whale has woken up to sell large amounts of Bitcoin to buy Bitcoin Cash.

Investor attention appears increasingly focused on crypto equity exposure rather than direct token ownership, with stocks like Coinbase (38.98%), Robinhood (30%), and Circle (126.81%) delivering substantial returns over the past month. This preference for regulated equity vehicles over direct crypto exposure suggests institutional investors may view crypto stocks as a more palatable way to gain cryptocurrency market exposure.

The combination of strong crypto equity performance and continued corporate treasury announcements may perpetuate altcoin underperformance. Bitcoin dominance could continue testing the high 60% range if this institutional preference for Bitcoin-focused products persists while altcoin narratives struggle to capture mainstream attention.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Justin Sun, a serial entrepreneur with a keen focus on blockchain technology and the web3 space, has announced a strategic investment in Donald Trump-backed memecoin dubbed Official Trump . The Tron (TRX) founder announced he is committed to purchasing tokens worth $100 million in the near term.

The announcement follows a recent move by the Official Trump memecoin team to bridge into the Tron blockchain through the LayerZero chain. According to Sun, the $100 million investment in TRUMP memecoin highlights Tron’s commitment to partner with vibrant crypto communities.

Price Ready for Bullish Breakout

The memecoin has grown to a market cap of about $1.8 billion and a fully diluted valuation of around $9 billion. Following the announcement, TRUMP price gained 5 percent on Wednesday to trade around $9.01 during the mid-North American trading session.

The sudden price gain today coincided with the BTC price rally towards a new all-time high of about $112k. As a result, the price is well-positioned to rally in the coming weeks, especially if the BTC price consistently closes above $112k.

The Blackhole project will launch for SuperVerse on July 11, 2025. A new project launch can often bring a lot of excitement and higher trading. If Blackhole gives new features, better speed, or helps grow the SuperVerse network, more people may want to buy SUPER tokens. Still, it is important to watch real use and user numbers. If many people use Blackhole after the launch, the price may go up. If interest is low, there may not be a big price move. For more information, read the update on source.

On July 10, 2025, the Artificial Superintelligence Alliance will hold a live AMA with the Fetch.ai team on Discord. These “Ask Me Anything” events let the team answer questions from the community and share new project details. Sometimes AMAs bring news that makes traders act quickly, causing big price moves. Also, rewards offered in the event can draw more attention. But if no big updates are shared, the impact could be small. The market often waits for clear news. For more details, see their post at source.