{"id":853439,"date":"2025-06-05T00:11:54","date_gmt":"2025-06-05T05:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/05\/three-reasons-why-bitcoin-is-set-to-hit-107k-next\/"},"modified":"2025-06-05T00:11:54","modified_gmt":"2025-06-05T05:11:54","slug":"three-reasons-why-bitcoin-is-set-to-hit-107k-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/05\/three-reasons-why-bitcoin-is-set-to-hit-107k-next\/","title":{"rendered":"THREE reasons why Bitcoin is set to hit $107K next!"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div id=\"single-post-wrapper\">\n<p><img width=\"1200\" height=\"675\" alt=\"bitcoins THREE reasons why Bitcoin is set to surge to $107K next!\" decoding=\"async\" fetchpriority=\"high\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20675'%3E%3C\/svg%3E\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-1200x675.webp 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-300x169.webp 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-1024x576.webp 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-768x432.webp 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-1536x864.webp 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured.webp 1920w\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/Bitcoin-Featured-1200x675.webp\">\n\t\t\t\t\t\t<\/p>\n<div>\n<div>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"bitcoins Avatar\" height=\"48\" width=\"48\" data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%2048%2048'%3E%3C\/svg%3E\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/IMG-20240403-WA00082-e1712207583881-80x80.jpg\"><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<div>\n<h4>Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<ul>\n<li><em>The drawdown investors faced in April has been steadily reversing itself<\/em><\/li>\n<li><em>Short-term bias was strongly bullish, and $107.5k and $110k may be feasible price targets<\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a>, at the time of writing, was trading above the key short-term resistance levels at $93.1k, while also managing to surpass $95.3k. The former was the <a href=\"https:\/\/studio.glassnode.com\/charts\/0a34e748-592c-4427-6f1c-f69e5fa7abb7?s=1742612238&#038;u=1746020701&#038;zoom=\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">short-term holder realized price<\/a>. The latter was the high of a range that BTC has traded within over the past five days.<\/p>\n<p>Crypto analyst Willy Woo has a bullish outlook, and he expects a <a href=\"https:\/\/ambcrypto.com\/bitcoin-eyes-108k-as-capital-inflows-strengthen-bullish-momentum-willy-woo\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">BTC move to $108k<\/a> next. The liquidation heatmaps agreed too, projecting a $107k target. In fact, the on-chain metrics highlighted a recovering market that has survived the bearish reset.<\/p>\n<h2>Bitcoins Bitcoin has sailed smoothly past the market drawdown, holders reaping the rewards<\/h2>\n<p>In a <a href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-17-2025\/\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Glassnode Insights<\/a> post, the MVRV Bands around the 1.74-level was highlighted as a level that has acted as support. BTC\u2019s drawdown during the August 2024 yen carry trade unwind halted at this level.<\/p>\n<p>The MVRV bounced off the 1.74-level after testing it on 8 April, hitting 2.14 at press time. This showed that Bitcoin has survived another reset and reflected bullish conditions once more.<\/p>\n<p>Similarly, the percent supply in profit oscillator also recorded a bounce from its long-term mean at 74.8%. This metric displays whether coins are at a profit or loss, compared to their cost basis. The bounce of the past two weeks reflected the August-September 2024 trend.<\/p>\n<p>At press time, the 7DMA of percent supply in profit was at 87% \u2013 Another indication of bullish investor expectations.<\/p>\n<p>The 6-month liquidation heatmap revealed that the liquidity pockets to the south were scant. The major levels were $83k and $74.1k, a long way away from the market price. To the north, the $100k, $106.8k, and $110.2k seemed to be the next noteworthy magnetic zones.<\/p>\n<p>At press time, the $96.6k liquidity cluster had already been swept up as the price broke out of a short-term range formation.<\/p>\n<div id=\"attachment_487517\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-487517\" alt=\"bitcoins Bitcoin 1-hour Chart\" width=\"1940\" height=\"1010\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201940%201010'%3E%3C\/svg%3E\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price-300x156.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price-1024x533.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price-768x400.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price-1536x800.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price-1200x625.png 1200w\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/05\/MD-3-BTC-price.png\"><\/a><\/p>\n<p id=\"caption-attachment-487517\">Source: BTC\/USDT on TradingView<\/p>\n<\/div>\n<p>This breakout came alongside high trading volume. The $95.4k level might see a retest, which would provide swing traders a buying opportunity.<\/p>\n<p>If the on-chain clues prove right and the market reset is over, expect a BTC surge beyond $100k in the coming days.<\/p>\n<div>\n<h4>Share<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> Akashnath S <a href=\"https:\/\/ambcrypto.com\/three-reasons-why-bitcoin-is-set-to-surge-to-107k-next\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Share this article The drawdown investors faced in April has been steadily reversing itself Short-term bias was strongly bullish, and $107.5k and $110k may be feasible price targets Bitcoin [BTC], at the time of writing, was trading above the key short-term resistance levels at $93.1k, while also managing to surpass $95.3k. The former was<\/p>\n","protected":false},"author":1,"featured_media":853440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1279,1862],"tags":[11476],"class_list":{"0":"post-853439","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reasons","8":"category-three","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=853439"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/853439\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/853440"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=853439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=853439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=853439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}