Bitcoin Surges 3% to $111,000 as Trump Family and Institutions Invest

Bitcoin's price has surged over 3%, pushing past the $111,000 level and approaching a key resistance zone near $112,400. This marks a return to record highs, with the cryptocurrency briefly touching a new all-time high at $112,000 before pulling back. The recent momentum has drawn attention from both institutional and retail players, with a 1.82% 24-hour gain and significant volume indicating deepening confidence in digital assets.

The Trump family's renewed interest in cryptocurrency has been a significant catalyst for this bullish trend. Donald Trump Jr.'s $4 million investment in Thumzup Media, a corporate Bitcoin holder, demonstrates the family's commitment to expanding its crypto exposure. Thumzup, which started accumulating BTC in January 2025, is now diversifying into altcoins, including Ethereum, Solana, Dogecoin, and XRP. This move is part of a broader strategy by the Trump family to integrate digital assets into their business operations, reinforcing the narrative that cryptocurrencies are becoming a central part of both political and corporate strategies.

Corporate Bitcoin holdings have also surged, with a 23% increase in Q2 2025, adding 159,107 BTC valued at $17.6 billion. This brings total institutional holdings to 847,000 BTC, or 4% of Bitcoin’s supply. The number of public companies holding BTC has increased significantly, with 46 new firms added to the list, bringing the total to 125. Notable names include Strategy, MARA Holdings, Twenty One, Metaplanet, GameStop, and Trump Media, all of which are looking to raise significant funds for BTC buys. This institutional interest is no longer passive but strategic, aggressive, and focused on long-term accumulation.

From a technical standpoint, Bitcoin’s breakout from the symmetrical triangle is confirmed. The price has broken above the descending resistance and reclaimed the 50-SMA on the 2-hour chart at $109,200, accompanied by increased volume. Bitcoin is now consolidating just below $112,012 resistance, printing small-bodied candles—a classic bullish continuation. The RSI is at 64.3, indicating room to run before overbought levels are reached. No divergence is present, suggesting a continued upward trend.

Analysts predict that Bitcoin's value will increase by 12.9% and reach $123,883.72 by July 11, 2025. This forecast is based on technical indicators signaling a bullish trend. Additionally, according to the analyst's forecast, Bitcoin is expected to reach a price of $132,452 by July 15, 2025, representing a 16.58% price increase. Another prediction suggests that Bitcoin could reach $220,000, with a timeline revealed by Max Keiser. These forecasts indicate a strong bullish sentiment among analysts, who see significant upside potential for Bitcoin in the near future.

The Trump family’s renewed interest and record institutional accumulation are giving Bitcoin a strong narrative and technical tailwind. With price structure intact and RSI in favor of bulls, a push to $113,772 looks likely if $112,000 is broken with volume. The bullish trend is further supported by the growing acceptance of digital assets by high-profile figures and corporations, indicating a shift in long-term strategy among public companies.