Bitcoin Surges 1.20% In Week, Hits $110,150 Amid Bullish Calls

Bitcoin’s recent climb past $110,000 has reignited a fresh round of bullish calls, with prices hitting $110,150 on July 3 and trading just above $108,000 at the last check, showing a small 0.41% dip in 24 hours but a 1.20% rise over seven days. This steady ascent has drawn attention from various voices on social media, sparking debate on whether Bitcoin is truly underpriced or in danger of slipping back below key levels.

According to Altcoin Daily, Bitcoin at $110,000 is “undervalued,” with analysts arguing there’s plenty of room to run. This bold claim has garnered support from some enthusiasts, with dreams of Bitcoin reaching $1,000,000 in the future. However, other users have pushed back, questioning what on-chain data or metrics support this view. They point out that until Bitcoin clears resistance at $110,500, a real breakout isn’t confirmed.

Market observers have noted that global liquidity is on the rise, which can push Bitcoin higher. Rising liquidity often fuels big moves in risk assets. However, traders are keeping an eye on various factors, including futures funding rates and miner sell-pressure, looking for clues if a pullback is brewing.

Some followers argue that inflation and new tariffs could dampen Bitcoin’s rally. Others note that central banks are still buying time before any rate hikes, which may give crypto another boost. The back-and-forth on social media reads like a mini war room, with short comments and deep threads floating around, but few hard answers.

Altcoin Daily has also made past calls, stating that once Bitcoin tops $150,000, investors would wish they’d bought more at lower prices. This kind of hindsight talk can be stirring, but it doesn’t change the here-and-now charts or the macro calendar.

Based on remarks by Matt Hougan, Chief Investment Officer at Bitwise, now could be a good time to buy Bitcoin. Hougan pointed to Ray Dalio’s warnings about US debt, which has swelled past $7 trillion in annual spending against $5 trillion in revenue. With each household on the hook for roughly $230,000, Dalio says holding Bitcoin can act as a hedge against future money-print risks.

Investors will be watching both price action and big-picture events. A solid break above $110,500 might pull in more buyers. But if inflation surprises on the upside or tariffs hit harder, odds could shift quickly. For now, Bitcoin’s story is still unfolding—and the next few days could tell us a lot about where it’s headed.

A prominent market expert has asserted that the true value of Bitcoin is significantly higher than its current price of around $110,000. This statement has sparked a debate among investors and analysts about the future trajectory of the world's most well-known cryptocurrency. The expert's claim is based on the belief that Bitcoin's fundamentals and long-term potential are not fully reflected in its current market price.

Bitcoin has been maintaining its movements around the $108,000 – $110,000 region, indicating a strong bullish market sentiment. If Bitcoin can decisively close above $109,300 on strong volume, price discovery could quickly follow, with potential targets of $120,000 and beyond. This would suggest that the cryptocurrency still has room to grow and that its current price may be undervalued.

The expert's claim has also been met with skepticism from some analysts, who argue that Bitcoin's price is already at an all-time high and that further growth may be limited. However, the expert's assertion that Bitcoin's true value is higher than $110,000 is based on a long-term view of the cryptocurrency's potential, rather than short-term price movements.

The expert's claim has also been supported by the fact that Bitcoin's summer rally is continuing to gain momentum, with the cryptocurrency repeatedly knocking against its $110,000 resistance level. This suggests that there is still strong demand for Bitcoin and that its price may continue to rise in the coming months.

In conclusion, the expert's claim that Bitcoin's true value is higher than $110,000 has sparked a debate among investors and analysts about the future trajectory of the cryptocurrency. While some are skeptical of the claim, others believe that Bitcoin still has significant upside potential and that its current price may be undervalued. The expert's assertion is based on a long-term view of Bitcoin's potential, rather than short-term price movements, and suggests that the cryptocurrency may still have room to grow.