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Reading: Bitcoin Price Prediction: BTC Hits Wall at $109K as ETF, El Salvador, and Miners Boost Bull Case
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Bitcoin Price Prediction: BTC Hits Wall at $109K as ETF, El Salvador, and Miners Boost Bull Case

Last updated: June 17, 2025 10:30 am
Published: 11 months ago
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

El Salvador’s government has quietly added 240 BTCs since signing a $1.4 billion loan deal with the IMF in December 2024. That agreement restricted the country from expanding its Bitcoin position, but loopholes have allowed continued accumulation, now totaling 6,209 BTC.

President Bukele’s strategy of buying one BTC per day remains in effect, albeit outside formal state accounts. Despite a 44.5% year-over-year decline in crypto inflows to El Salvador in Q1 2025, the country’s unwavering stance sends a strong signal to markets: BTC adoption, at least in some parts of the world, remains very much alive.

For investors, this highlights a divergence between political pressure and grassroots accumulation, reinforcing long-term confidence.

Miners Strengthen U.S. Market Control; BTC Supported

According to JPMorgan, U.S.-listed miners now control 31.5% of the global Bitcoin hashrate — the highest share on record. Riot Platforms, Hive Technologies, and CleanSpark lead the charge, with a combined 99% year-on-year increase in hashrate capacity. Meanwhile, network growth stood at 55%.

Despite a modest drop in hash price, miner valuations have surged $2.4 billion this year, with Riot alone accounting for 20% of that gain. This shift consolidates institutional infrastructure in North America, supporting the argument that Bitcoin is maturing into a fully fledged asset class.

Bitcoin Technical Outlook: Bulls Lose Grip at $108,950

Bitcoin is currently trading at $106,647, down 0.52% on the day. The 1-hour chart shows BTC retreating from symmetrical triangle resistance near $108,951.

The long upper wick on the rejection candle, combined with a bearish MACD crossover, indicates waning momentum.

Support now lies at the 50-period EMA ($106,656) and horizontal levels at $106,196 and $104,633. A break below these could trigger a deeper slide toward $103,132.

Despite bullish macroeconomic headlines, price action remains range-bound, keeping the Bitcoin price prediction neutral. For now, patience and precision remain key.

Bitcoin Hyper Presale Surges Past $1.3M — Layer 2 Just Got a Meme-Sized Boost

Bitcoin Hyper ($HYPER) has smashed through the $1 million mark in its public presale, raising $1,307,398 out of a $1,485,641 million target. With just hours left before the price jumps to the next tier, buyers can still lock in $0.01185 per HYPER.

As the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), Bitcoin Hyper brings fast, low-cost smart contracts to the BTC ecosystem. It merges Bitcoin’s security with SVM’s scalability, enabling high-speed dApps, meme coins, and payments — all with cheap gas fees and seamless BTC bridging.

Audited by Consult, Bitcoin Hyper is engineered for speed, trust, and scale. Over 91 million $HYPER are already staked, with estimated 577% APY post-launch rewards. The token also powers gas fees, dApp access, and governance.

The presale accepts crypto and cards, and thanks to Web3Payments, no wallet is needed. Meme appeal meets real utility — Bitcoin Hyper might be Layer 2’s breakout star of 2025.

Read more on cryptonews.com

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Previous Article Bitcoin Price Prediction: BTC Hits Wall at $109K as ETF, El Salvador, and Miners Boost Bull Case | Bitcoin Analysis | CryptoRank.io
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