Bitcoin is currently trading near $108,000 on Monday after a 7% surge last week, about to end the second quarter with an excellent 30% profit, boosted by strong institutional demand with ETFs in the US marking net influx of $2.22 billion last week, the highest since May.
As of 13:20 GMT, bitcoin fell 0.4% on Coinmarketcap to $107.8 thousand.
Best Quarter Since 2020
Bitcoin is up 31.08% in the second quarter of 2025, on track for the best quarterly performance since 2020 amid strong institutional demand.
Analysts are predicting another run against the coveted record high of $112,000, especially as billions of dollars continue to flow into instant ETFs in America.
Persistent Sideways
Since bitcoin breaches $100,000 for the second time this year in May, prices wavered between $102,000 and $110,000.
The price mostly settled above $107,000 in June, marking a monthly profit of $3.56%.
According to historical data, bitcoin is usually leaning towards positive results in July, with average profits of 7.56%, which could be the case this year as well as geopolitical risks softened.
Some analysts now believe the price could very well surge towards fresh record highs at $120,000.
The RSI index is showing positive momentum above the neutral level of 50, while the MACD index is similarly sending out positive signals, underpinning the upward trend.
