Bitcoin’s Prospects Evaluated After Surpassing $107,000

The price of the leading cryptocurrency has exceeded $107,000 amid capital outflows from spot ETFs and news of unrest in the United States. Experts consulted by ForkLog explained the factors likely to influence the price in the coming weeks.

Macroeconomic Factors

Ryan Lee, Chief Analyst at Bitget Research, linked the current trend to macroeconomic events. According to him, investor risk appetite is being pressured by trade negotiations between the US and China, as well as signs of deflation in the latter’s economy.

He anticipates trading within the $100,000-108,000 range. Breaking resistance at $107,000 could provide a new bullish impulse. If negative market sentiment persists, the price could drop to support around $96,000.

News Environment

Technobit CEO Alexander Peresichan believes the market is driven more by news than by fundamental indicators.

“Bitcoin’s price dynamics are largely determined by the news environment. The recent volatility spike, triggered by the public conflict between Elon Musk and Donald Trump, is particularly telling,” he said.

Peresichan added that the lack of a resolution on trade tariffs and the maintenance of the Federal Reserve’s key rate Fed hinder active growth. However, hopes for a rate cut in the autumn and interest from institutional investors create a zone of stability. He forecasts that in the coming weeks, Bitcoin will fluctuate between $100,000 and $110,000, while Ethereum is unlikely to exceed $2,700.

Institutional Interest

Alexey Zyuzin, CEO of Crypto Summit, agrees on the importance of institutional support. He emphasized that major players continue to view Bitcoin as a tool for strategic diversification.

The speaker considers a drop below $98,000 unlikely in a neutral news environment. Positive signals, such as progress in US-China trade dialogue or a Fed rate cut, could push prices higher.

Experts concur that key factors for Bitcoin remain Fed decisions, geopolitics, and demand from large investors. In the short term, they expect price consolidation within the $100,000-110,000 range. Exiting this corridor will depend on global events.

Earlier, Bitfinex analysts predicted a new Bitcoin high of $125,000 in July.