BTC/USD: Bitcoin Stabilizes Near $110,000 as Traders Take Wait-and-See Approach on Next Run

Is it $120,000? Or back to $100,000? The coin’s next move is drawing tons of attention as traders try to figure out what happens next. Seriously, what?

😌 Bitcoin Chills Near $110,000

• Bitcoin BTCUSD is catching its breath near $110,000 after a whirlwind run to fresh all-time highs last week. With prices now consolidating just under record territory, crypto markets have shifted into a wait-and-see mode.
• The question on everyone’s mind right now: Is $120K next, or are we headed for a healthy pullback? The orange coin has been trading in a relatively tight range since topping out above $111,900, and while the momentum hasn’t fully evaporated, there’s a visible cooldown in enthusiasm.
• Volatility has tapered off, and volumes are slightly down as traders assess whether the next leg will be another breakout or a retreat.

🍻 Momentum Meets Macro

• Part of Bitcoin’s recent surge has been fueled by favorable macro conditions — a weaker dollar, easing inflation expectations, and renewed institutional demand after the US-China tariff truce. Arguably, Trump’s pass on EU tariffs (where he extended the deadline to July 9) didn’t do anything noticeable to crypto.
• And with upcoming economic data (think GDP and the Fed’s preferred inflation metric, PCE) set to drop this week, traders aren’t in a rush to make aggressive bets.
• Also lingering: speculation around potential crypto regulation, following the Senate’s procedural approval of a stablecoin bill and various pro-crypto headlines out of Texas and Washington. That regulatory clarity may be the fuel for the next rocket stage — or the reason for a temporary pullback.

👀 Key Levels to Watch

• Technically speaking, $111,7900 remains the near-term ceiling, while the $105,000–$106,000 zone is shaping up as initial support. Below that, $100,000 is the psychological line in the sand (are psychological levels the only thing fundamental and technical traders agree on?).
• Everyone’s watching — but no one’s sure. What’s next for the king OG coin? A sprint to $120K or a slide back to test support? Either way, it’s shaping up to be a decisive few days for Bitcoin, notorious for its lack of patience and sitting tight.
• Crypto traders might also want to pay attention to the news getting released this week. The Federal Reserve’s minutes, due Wednesday, will help gauge central bank officials’ outlook on interest rates. But there’s also GDP data and PCE inflation on deck for Thursday and Friday, respectively.