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The Bitcoin price edged up a fraction of a percentage in the past 24 hours to trade at $109,226 as of 3:18 a.m. EST, with trading volume plunging 16% to $33.5 billion.
This rise in the BTC price comes as Michael Saylor, the Strategy Chairman and a well-known Bitcoin maximalist, publicly challenged Apple to ditch its underperforming stock buyback program in favor of acquiring BTC.
Apple should buy Bitcoin.
— Michael Saylor (@saylor) June 10, 2025
Bitcoin Price Bounces Off Support, Aims For More Gains
The BTC price reveals a bullish market structure, underscored by a rounded bottom pattern, which typically signals the end of a downtrend and the beginning of a new sustained uptrend.
This pattern developed over several months, forming a broad, smooth U-shape that culminated in a strong upward breakout.
Following the completion of the rounded bottom, the Bitcoin price action broke above prior resistance in the $95,000 to $101,000 region, consolidating briefly before continuing its ascent.
BTC is now trading around $109,226, just below a key resistance level at $112,329, which also marks the recent local high and the 0 Fibonacci retracement level from the swing low at approximately $67,448, as GeckoTerminal data shows.
Meanwhile, the 50 Simple Moving Average (SMA) on the 3-day chart is at $94,520, and the 200 SMA is at $70,515.
The price of Bitcoin is comfortably above both, and the upward slope of the 50 SMA reflects strong intermediate-term momentum.
The Relative Strength Index (RSI) currently sits at 64.55, indicating bullish momentum but still below overbought levels.
Moreover, the MACD (Moving Average Convergence Divergence) indicator shows the blue MACD line above the orange signal line and both well above the zero line.
While the histogram bars have started to decline slightly, they remain positive, indicating that bullish momentum is still in effect.
BTC Price Targets $130,000
With the rounded bottom pattern now confirmed and the price trending above key moving averages and support levels, Bitcoin is positioned for a potential breakout above the $112,329 resistance zone.
If this level is decisively breached, the next target lies near the $124,449 mark, which corresponds to the 0.27 Fibonacci extension level.
Momentum could carry the BTC price further into the $130,000–$135,000 range if market conditions remain favorable and buying pressure persists.
However, should BTC price face rejection at the $112K resistance, it would not be unusual to see a pullback toward $101,736 or $95,182.
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 56.7k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token ICO Races Past $7 Million – 19 Days Left To Buy
In one of the strongest presale showings of the year, new meme coin BTC Bull Token just rocketed past $7.07 million in its ongoing ICO.
BTC Bull Token introduces a unique approach: it rewards holders with Bitcoin airdrops each time the BTC price reaches a significant milestone for the first time, as the leading cryptocurrency marches toward $1 million.
Investors who hold BTCBULL in Best Wallet will receive free BTC via airdrops when the Bitcoin price reaches $150,000 and $200,000 for the first time.
There will also be a massive BTCBULL airdrop for the strongest hodlers when BTC hits $250,000, weighted by ”Community Sale purchase amount.”
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition to BTC airdrops, the team will also conduct token burns at specific price milestones, permanently removing a portion of the total supply.
Those token burns will happen at every $50,000 milestone BTC achieves, starting at $125,000. The aim is to follow Bitcoin’s footsteps and increase scarcity and value.
BTCBULL token holders can also earn passively by staking their tokens for a 57% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL for $0.002555 each using BNB, ETH, USDT, or a bank card.
Buy BTCBULL before the presale ends in about 19 days.
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