Bitcoin (BTC) is trading with a solid bullish bias, having surged above $107,000, gaining over 5% in just two days, and reclaiming upside momentum. The recent bullish price action is mainly driven by Bitcoin’s dominance, which has risen to 65.3%. This surge suggests that investors are increasingly favoring Bitcoin in light of macroeconomic uncertainties and institutional inflows.
Additionally, this strength is evident in the total market capitalization of $2.13 trillion, occurring just as traders prepare for the final segment of Fed Chair Jerome Powell’s congressional testimony.
Technical signals confirm the breakout. BTC has cleared a multi-week descending trendline and now holds above the 50-EMA ($104,513) and a former resistance level at $106,135.
Momentum is firm, backed by a MACD crossover and a bullish engulfing formation above $101,400—laying the groundwork for further upside if price breaks $108,738.
Bitcoin price chart – Source: TradingviewA move beyond that level could pave the way for a price of $110,486 and $112,081, making the Bitcoin price prediction bullish.
Altcoin Rotation: A Question of When
With BTC dominance near historical cycle highs, analysts are watching closely for a shift in capital toward altcoins. According to Rekt Capital, Bitcoin’s dominance typically tops out between 67% and 71% before giving way to broader altcoin rallies.
That threshold could be approaching.
BTC dominance is currently at 65.3% Peak dominance in past cycles: ~71% Potential altcoin breakout window: next 1–3 weeksTraders speculate that if Bitcoin consolidates near its highs, funds may rotate into undervalued altcoins. Despite potential short-term corrections, sentiment is building that an “altcoin season” could materialize by mid-July.
Institutions and ETFs Drive Momentum; Bitcoin Supported
Bitcoin ETFs and corporate treasuries continue to support the price. On Tuesday alone, spot Bitcoin ETFs saw $588.55 million in inflows—the 11th consecutive day of positive flow, according to SoSoValue.
Notably:
ProCap BTC LLC added 3,724 BTC post-$1B merger news BTC ETF inflows have an R² of 0.80 with BTC price Treasury buys have had minimal price impact since they are net neutralNow it’s Powell’s turn in the Senate. If he hints at rate cuts, Bitcoin will get bids. If he’s hawkish, we’ll see a short-term pullback. For now, the technical and institutional backdrop is supportive, and altcoins are poised to move.
Bitcoin Hyper Presale Surges Past $1.6M—Layer 2 Just Got a Meme-Sized Boost
Bitcoin Hyper ($HYPER) has smashed through the $1.5 million milestone in its public presale, raising $1,608,571 out of a $1,831,658 target. With just hours left before the next price tier, buyers can still secure HYPER at $0.012025 per token.
As the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), Bitcoin Hyper delivers fast, low-cost smart contracts to the BTC network. It combines Bitcoin’s security with SVM’s scalability, enabling high-speed dApps, meme coins, and payments—all with ultra-low gas fees and seamless BTC bridging.
Audited by Consult, Bitcoin Hyper is built for trust, scale, and performance. Over 109 million $HYPER are already staked, with projected post-launch staking rewards of up to 480% APY. The token fuels gas fees, dApp access, and decentralized governance.
The presale accepts both crypto and cards, and through Web3Payments, no wallet is required. Meme culture meets utility, Bitcoin Hyper is quickly emerging as Layer 2’s potential breakout star of 2025.
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