Bitcoin Price Prediction: BTC Steadies Above $100K as On-Chain Data Signals Long-Term Confidence

The Bitcoin price rose 1% in the last 24 hours to trade at $108,391.99 on an 8% slump in the daily trading volume to $42 billion as investors up their exposure to the leading crypto.

Bitcoin has stayed above $100,000 since May 8, even though it briefly dropped to $98,300 on June 22. The price is still close to its recent high of $111,800. Experts believe the $100K to $110K range could now act as a strong base before Bitcoin makes another big move upward later in 2025.

Data from CryptoQuant shows more Bitcoin is being moved out of exchanges than into them. This usually means people are holding, not selling, a sign of confidence. The last time this happened was at the end of the 2022 bear market, just before Bitcoin started rising again.

Despite heavy selling pressure from short traders over the past month and a half, Bitcoin’s price hasn’t dropped much. This indicates strong buying support. Also, over 19,000 BTC (worth $2.1 billion) was recently moved from old wallets into large institutional wallets.

This kind of move is usually planned and signals that big players may be getting ready for a long-term hold. Altogether, these signs point to Bitcoin building a strong bottom near $100,000, with less chance of falling sharply below that level.

Bitcoin Price Builds Momentum for Possible Breakout

BTCUSDT trading pair on the daily chart shows signs of strength as it forms a bullish chart pattern known as a rounded bottom. After months of gradual recovery and sideways movement, the price consolidates around $108,000, just below key resistance.

From February to May 2025, BTC slowly formed a curved bottom, signaling that sellers were losing control while buyers stepped in. In June, Bitcoin broke above earlier resistance and started moving sideways in a tight range between $105,000 and $110,000. This pause, known as consolidation, often comes before a strong move.

The chart suggests Bitcoin is getting ready for a breakout. If this happens, it could push prices up to around $130,000, based on the height of the rounded bottom pattern. The green arrow in the chart marks this potential target.

Bitcoin Price Consolidates Above $100K, Targets $130K

The RSI (Relative Strength Index) is around 54, which means Bitcoin isn’t overbought or oversold yet. This gives it room to rise further without facing too much selling pressure.

Importantly, previous sell zones have already been cleared, and there’s still liquidity above, meaning more price gains are possible if buyers step in.

If Bitcoin fails to break above the current range, it may fall back to test the $100,000 support level. But for now, the setup looks positive.

In short, BTC is consolidating after forming a strong base. A breakout above the current range could lead to a strong move toward $130,000, marking the next big step in Bitcoin’s 2025 rally.