{"id":11439,"date":"2025-07-03T09:49:58","date_gmt":"2025-07-03T08:49:58","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=11439"},"modified":"2025-07-03T09:49:59","modified_gmt":"2025-07-03T08:49:59","slug":"how-high-will-bitcoin-price-bounce-back","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/how-high-will-bitcoin-price-bounce-back\/","title":{"rendered":"How High Will Bitcoin Price Bounce Back ?"},"content":{"rendered":"\n
Bitcoin<\/a> has experienced a spectacular rebound to $109,700<\/strong>, close to its all-time high. However, numerous data points suggest that professional traders remain cautious<\/strong>. They seem unconvinced by the current market momentum.<\/p>\n\n\n\n Source: laevitas.ch<\/p>\n\n\n\n Bitcoin crossed the $109,000<\/strong> mark on Wednesday. It had briefly tested support at $105,200<\/strong> earlier in the day. This rise comes amid record monetary expansion<\/strong> in the eurozone. Signs of weakness in the U.S. job market are also notable.<\/p>\n\n\n\n Despite this impressive rally, traders remain cautious and unconvinced, according to Bitcoin<\/a> derivative metrics. This reserved attitude is leading some investors to question the solidity of this recovery<\/strong>.<\/p>\n\n\n\n While it’s difficult to identify a single trigger, the record surge in money supply (M2)<\/strong> in the eurozone in April likely played a major role in Bitcoin’s rebound. Data released Monday revealed a 2.7% increase<\/strong> year-over-year, aligning with the expansionary trajectory of the U.S. monetary base. Meanwhile, ADP figures showed a decline of 33,000 private jobs<\/strong> in the United States in June.<\/p>\n\n\n\n Source: laevitas.ch<\/p>\n\n\n\n Some market participants attribute the low demand for long positions on Bitcoin to increased fears of economic recession, particularly in the face of escalating global trade wars<\/strong>. U.S. President Donald Trump has threatened to increase tariffs on Japanese products by more than 30% if no agreement is reached by July 9.<\/p>\n\n\n\n To assess whether the lack of enthusiasm is limited to futures contracts, it’s worth examining the Bitcoin options markets. If traders were anticipating a significant downturn, the 25% delta skew (the price difference between call and put options) should exceed 6%.<\/p>\n\n\n\n However, this indicator remains at 0%, unchanged for two days, suggesting that traders perceive balanced risks on both sides<\/strong>. While this reflects mixed sentiment at the $109,000 level, it’s still an improvement<\/strong> compared to the bearish positioning observed on June 22.<\/p>\n\n\n\n Meanwhile, the sharp decline in the stablecoin premium in China<\/strong> indicates falling demand for cryptocurrencies<\/a> in the country. The discount of Tether relative to the U.S. dollar typically signals fear and a willingness to exit crypto markets. This 1% discount is the largest since mid-May, reflecting a lack of confidence<\/strong> in Bitcoin’s recent gains.<\/p>\n\n\n\n Traders appear increasingly concerned about the consequences of the ongoing trade war<\/strong>, particularly following net outflows of $342 million<\/strong> from spot Bitcoin ETFs on Tuesday. This moderate activity in the derivatives market reflects broader macroeconomic uncertainty, pushing investors toward caution despite Bitcoin’s rebound.<\/p>\n\n\n\n The coming weeks will be decisive<\/strong> in determining whether Bitcoin can maintain this renewed momentum or potentially face a trend reversal<\/strong> in the face of geopolitical tensions.<\/p>\n\n\n\n
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ECB Fuels BTC’s Rise<\/h2>\n\n\n\n
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