Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Bitcoin Surges Past $107,000 — Poised to Break Its All-Time High?

Source Tradingkey

TradingKey – Bitcoin has rebounded 1.6%, reclaiming the $107,000 level, signaling potential for further upside.

On Monday, June 16, Bitcoin (BTC) saw a strong recovery, climbing 1.6% in the past 24 hours to a high of $107,262, reversing last week’s sluggish performance. Analysts suggest BTC may continue its upward trajectory toward new highs.

Bitcoin Price Chart – Source: TradingView.

Last week, Bitcoin faced selling pressure amid Middle East tensions, dropping over 7% from $110,000 to a low of $102,000. However, market experts believe geopolitical risks may have limited long-term impact on BTC.

According to Kathleen Brooks from XTB, “Bitcoin would only break below $100,000 if Middle East tensions escalate significantly into a more dangerous phase.”

Meanwhile, CryptoQuant data indicates that Bitcoin inflows on Binance have hit historic lows, suggesting reduced selling pressure and a preference for holding.

Bitcoin Whale & Retail Investor Inflows – Source: CryptoQuant.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Outlook 2025 As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.

Author TradingKey

Jan 23, Thu

As the Bitcoin market continues to mature, its 2025 outlook appears highly favourable, driven by institutional adoption and regulatory developments.

Ark Invest’s Cathie Wood Predicts Bitcoin To Hit $1.5 Million By 2030 — Here’s Why Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.

Author Bitcoinist

May 19, Mon

Cathie Wood, the CEO of asset management firm Ark Invest, has backed Bitcoin (BTC) to achieve a $1.5 million price point by 2030.

Solana Price Forecast: SOL flashes bearish signals, risks double-digit crash Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

Author FXStreet

May 19, Mon

Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

Ethereum Price Faces Pressure: Can It Sustain Its Recent Rally?Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.

Author NewsBTC

May 27, Tue

Ethereum price found support at $2,460 and started a fresh increase. ETH is now struggling and might drop again below the $2,500 support.

Dogecoin Follows Bearish June Trend With over 4% Losses – Is The Worst Over?The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]

Author Bitcoinist

Jun 09, Mon

The month of June has been historically bearish for the Dogecoin price, and so far, June 2025 is following the same trend. With just a little over a week into the month, the Dogecoin price has already seen a decline of over 4%, suggesting it is sticking to the established trend. If this is the […]

Popular Symbols