Bitcoin (BTC) enters Q3 with strong momentum, trading near $109,000 after a 30% quarterly gain – its best Q2 since 2020. Institutional demand and bullish predictions fuel optimism, though trade policies and macroeconomic factors introduce volatility. Standard Chartered forecasts $200,000 by December, while U.S. “Crypto Week” (July 14-18) could bring regulatory clarity.
Institutional Demand Drives Momentum
Corporate and ETF inflows remain robust:
• Strategy added 4,980 BTC ($543M), holding 597,325 BTC total
• Metaplanet acquired 1,005 BTC ($109M), totaling 13,350 BTC
• Spot Bitcoin ETFs recorded $769.60M inflows this week
Macro and Trade Policy Impacts
Mixed signals emerged:
• U.S.-Vietnam trade deal eased tariffs, boosting risk assets
• Strong jobs data (147K new jobs) strengthened the dollar, pausing BTC’s rally
• Trump’s upcoming tariff letters (20-30% on 10 countries) create uncertainty ahead of July 9 deadline
Regulatory Catalyst Ahead
U.S. House leaders designated July 14-18 “Crypto Week” to advance:
• The CLARITY Act (digital asset framework)
• Anti-CBDC Surveillance State Act
• GENIUS Act (stablecoin rules)
Technical Outlook
BTC broke consolidation at $108,355 with bullish indicators:
• Targets all-time high of $111,980 if support holds
• Daily RSI at 57 (rising), MACD shows bullish momentum
• Key supports: $108,355 (breakout level) and $105,333
BTC/USDT daily chart
