At 10:32 am IST, Bitcoin was trading 0.63% higher at $106,273, while Ethereum gained 1.35% to $2,575. Altcoins also showed strength, with Solana surging 7.2%, Hyperliquid up 6.8%, and Cardano rising 1.5%. Other tokens like XRP, Sui, and Chainlink posted gains of 1%–2.3%.
“Bitcoin is trading above $105,800, eyeing a breakout past the $106,000 resistance,” said Edul Patel, Co-founder and CEO of Mudrex. “Investor confidence increased with strong institutional inflows through ETFs and Michael Saylor hinting at another Bitcoin purchase despite geopolitical concerns.”
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On-chain data reflected stable exchange netflows, indicating strong investor sentiment and no immediate intent to sell. Patel added that if BTC sustains above $106,000, a move toward $108,500 is likely, with support at $103,500.
Avinash Shekhar, Co-founder and CEO of Pi42, noted that the market is showing resilience. “Bitcoin is holding its ground above $105,000, even as global uncertainty lingers. Despite the recent shakeout that led to over $1.16 billion in liquidations, sentiment is recovering,” he said, pointing to technical signals like the golden cross and growing altcoin activity.
Also Read: How can anyone consider Bitcoin to be a digital version of gold, questions Peter SchiffDelta Exchange Research Analyst Riya Sehgal noted that Bitcoin has recovered after dipping to $103,200, now hovering near $106,200. Key resistance is seen at $106,750–$107,500, while support lies at $104,000. Ethereum also showed strength, bouncing from $2,441 to near $2,572, with upside targets at $2,720–$2,880 if it clears resistance at $2,620.She highlighted strong ETF flows, including a $5.4 billion equity raise by Metaplanet aimed at acquiring 210,000 BTC. Meanwhile, Ethereum saw an ETF outflow of $2.1 million on June 13, ending a 19-day inflow streak, even as whales accumulated 1.49 million ETH over the past month.
CoinSwitch Markets Desk highlighted that Bitcoin remained in a tight range between $104,500–$106,300, supported by high-volume buying near $104.5K.
Analysts from NYDIG described the current low-volatility phase as a “summer lull” and expect upcoming catalysts like the SEC’s GDLC decision and regulatory updates to influence direction.
Also Read: Civil War has begun! Rich Dad Poor Dad author Robert Kiyosaki warns of global chaos, backs Bitcoin as the only safe haven
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)