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The Bitcoin price edged up a fraction of a percentage in the past 24 hours, trading at $105,668 as of 12:23 a.m. EST, with trading volume increasing 32% to $19.5 billion.
This uptick in the BTC price comes as Metaplanet announced a decision by its board of directors to issue the 18th series of ordinary bonds to EVO FUND, totaling $210 million.
The bonds, which carry a 0% interest rate, are intended to expand the company’s Bitcoin holdings as part of its broader strategy to accumulate 1% of the total BTC supply by 2027.
In other developments, Strategy co-founder Michael Saylor posted the SaylorTracker chart on X, which signals an impending Bitcoin acquisition by his company.
Bigger Dots are ₿etter pic.twitter.com/vm1UItzmRb
— Michael Saylor (@saylor) June 15, 2025
A purchase by Strategy could mark the ninth consecutive week of purchases by the company. The firm has already purchased a total of 582,000 BTC.
Could continued interest from big firms be a catalyst for the BTC price to soar?
Bitcoin Price Undergoing A Consolidation Phase – Breakout Ahead?
The BTC price is currently exhibiting a bullish continuation pattern following a sustained upward trend that began in late 2024.
The Bitcoin price formed a rounded bottom formation, a classic reversal pattern, that ended in a strong breakout past the $101,500 resistance zone, which aligns closely with the 0.236 Fibonacci retracement level.
That zone previously acted as resistance and is now functioning as support, as evidenced by recent price retests and successful rebounds.
The broader structure suggests that BTC is currently undergoing consolidation within its support, taking place just below a key resistance level at approximately $112,329 (the Fibonacci 0 level), as GeckoTerminal data shows.
Meanwhile, the 50 Simple Moving Average (SMA) on the 3-day chart is at $94,652, significantly above the 200 SMA at $71,229, affirming the presence of a strong bullish trend.
With the Bitcoin price now above both the SMAs, the asset is set to continue soaring.
The Relative Strength Index (RSI) stands at 58.67, which is in neutral-to-bullish territory. This suggests that while the price of Bitcoin is not currently overbought, there is still room for upward movement without entering overextended territory.
BTC Price Prediction
With the combination of strong support above the 0.236 Fibonacci level and the bullish SMAs, the technical outlook for the BTC price remains constructively bullish in the medium term.
If the price of BTC manages to hold above $101,500 and break convincingly above $112,300, the next target could be at $124,628, which aligns with the -0.27 Fib level.
However, a failure to maintain the $101,500–$104,000 support zone could lead to a retest of the 50 SMA around $94,650.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC.
Jacob Bury, a prominent YouTuber with over 56.8k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Closes On $7.5 Million Milestone – 14 Days Left To Buy
BTC Bull Token provides a smart way to accumulate Bitcoin while also aiming for capital gains through a potential BTCBULL price rally after its exchange listing.
BTCBULL holders receive free BTC each time Bitcoin hits major price milestones. When Bitcoin reaches $150,000, the project will reward holders with BTC for the first time. Every additional $50,000 increase from that point triggers more BTC rewards. All investors must hold the BTCBULL token to become eligible for the airdrops, which are weighted based on the amount of BTCBULL they hold.
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
Last chance to buy BTCBULL before launch! 🐂🧨
The countdown ends on June 30th. ⌛
Here’s what’s coming:
🔥 BTCBULL token burns
🪂 BTC airdrops at price milestones
🎁 BTCBULL airdrop when Bitcoin hits $250KJoin the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC
— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 2, 2025
Beyond the Bitcoin rewards, the project also incorporates token burns that kick in when the Bitcoin price reaches $125,000 and repeat for every $50,000 increase in the Bitcoin price thereafter.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 57% annual percentage yield (APY).
BTC Bull Token’s fundraising campaign is accelerating rapidly, with investors having pumped $7.17 million into the ICO so far.
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002565 each using BNB, ETH, USDT, or a bank card.
Buy before the presale ends in about 14 days.
Visit the BTC Bull Token website.
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