Bitcoin Consolidates Near $108k Awaiting Breakout

Bitcoin (BTC) has been trading near the $108k mark, with investors eagerly awaiting a potential breakout. The cryptocurrency has been consolidating between $99k and $110k over the past 30 days, sparking various speculations about its future trajectory. A renowned market expert has predicted that the BTC cycle peak could occur within the next four months, specifically between September and October 2025. This forecast is based on Bitcoin’s historical cycle performance, which suggests that the current bull market may be nearing its end.

Several factors could drive the price of Bitcoin higher in the coming months. According to a report, despite strong ETF inflows and US equities hitting new highs, BTC’s upside volatility has remained surprisingly subdued. However, a more dovish Federal Reserve, with growing expectations of rate cuts, may boost investor sentiment. Additionally, as officials question the lasting impact of tariff-driven inflation, traders may follow the equity market’s lead, where retail buying has driven stocks to record highs. While retail activity in crypto remains subdued, the spillover from Wall Street, particularly through ETFs, could become the key driver of Bitcoin’s next move upward.

ETF inflows play a crucial role in Bitcoin’s price movements. The US Spot Bitcoin ETF has continued to record robust inflows in recent days, indicating sustained institutional interest. For instance, the US Bitcoin ETF recorded an inflow of over $2.21 billion last week. Simultaneously, corporate interest in crypto has remained high, with Japan’s MicroStrategy Metaplanet recently purchasing more than 1000 BTC, indicating growing confidence among corporations towards the asset. These factors suggest that BTC is poised to hit a new all-time high soon. However, investors should exercise due diligence before putting their bets amid the ongoing volatile scenario in the market.