Bitcoin's price is showing an upward trend on July 7, supported by technical and fundamental signals that analysts had already identified.
After weeks of consolidation and moderate movements, the price of BTC has once again surpassed the $109.000 barrier, a figure that, while not a new all-time high, does confirm a trend that many analysts have been anticipating for months.
BUY BITCOIN ON BIT2MEA sustained rebound after weeks of consolidation
During June, Bitcoin ranged between $96.000 and $108.000. However, in early July, the reigning cryptocurrency has shown a clear recovery, driven by macroeconomic factors and a renewed risk appetite in global markets.
This Monday, July 7, BTC is trading around 109.000 and $ 109.400, with a market capitalization exceeding $2,17 trillion. According to data from the Coingecko platform, the current price is around $109.100, with a daily increase of 0,9% and a monthly increase of 4,5%.
Source: Coingecko
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What's behind Bitcoin's current rally?
Bitcoin's recent surge to $109.000 isn't just due to technical movements on the charts, but to a combination of macroeconomic and geopolitical factors that are generating optimism in global markets.
First, the announcement of a trade agreement between the United States and Vietnam This has been key. This agreement establishes a 20% tariff on Vietnamese products in the US, while Vietnam eliminates tariffs on American goods, fostering a more balanced trade. This news has revitalized investor confidence, boosting not only Bitcoin but also other cryptocurrencies in the market.
Second, on July 3, the US Congress passed the budget law One Big Beautiful Bill, driven by the Donald Trump administration. Although it didn't include specific provisions on cryptocurrencies, its passage has a profound indirect impact on the crypto market, according to experts. By raising the national debt ceiling, the law reinforces Bitcoin's narrative as a safe haven asset against monetary expansion. Thus, in a context of increased debt and potential inflation, institutional investors are turning to BTC as a hedge, which has contributed to its recent rally.
Finally, the House of Representatives has officially declared the week of July 14-18 as the “Cryptocurrency Week”, an unprecedented legislative event in the U.S. During those days, three key laws will be debated: the Law CLARITY, which seeks to define the legal status of digital assets; the Law GENIUS, focused on the regulation of stablecoins; and the Law Anti-CBDC, which would limit the Federal Reserve's issuance of a digital dollar. This legislative push seeks to provide regulatory clarity to the sector, attract capital and talent, and position the United States as a global leader in financial innovation.
Together, these factors create a favorable environment for Bitcoin to regain ground and attract investors looking to diversify amidst reduced trading uncertainty and increased global liquidity.
BUY BTC WITHOUT HASSLEWhat experts already anticipated
Bitcoin's recent surge hasn't surprised even the most observant analysts. Since April, several experts have been warning of a "perfect storm" for the leading cryptocurrency, based on three key factors. First, the steady flows into Bitcoin ETFs in the US have maintained solid demand and reduced selling pressure. Second, the reduction of balances on exchanges reveals that investors prefer to hold their BTC for the long term, decreasing the available supply. Third, the institutional accumulation has been remarkable, with multi-million dollar purchases such as those announced by Strategy, Metaplanet and GameStop, among others.
In addition, the fear and greed index shows a 52% of optimism, indicating that the market is not yet overheated. Together, these elements explain why Bitcoin is experiencing a bullish moment that many had already anticipated.
What to expect in the coming days?
Bitcoin has once again demonstrated its ability to withstand volatility and adapt to changes in the macroeconomic environment. The current rally is not an isolated phenomenon, but rather the result of several factors that experts have been observing: institutional accumulation, reduced supply, market confidence, and a more favorable global environment.
While volatility remains a key factor, the current environment suggests that Bitcoin is entering a new stage of maturity, where its performance increasingly resembles that of a strategic asset in diversified portfolios.
With July just getting underway and several catalysts still in play, the market will be closely watching to see whether BTC manages to set a new all-time high (ATH) or, on the contrary, pauses before its next move.
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