BTC new all-time high this week?BTC up 16.8% in 2025, June gains 2.34%, poised for potential breakout.
News Headlines Price Action BTC is on the cusp of making a new all-time high. It is approaching $110,000 for a third time, after being rejected from that area twice previously. If it can break through, then an initial target is the 0.618 fib extension level, which is at $121,500; that level will come into play. Figure 1: BTC potential near-term upside target at the 0.618 fib extension. As we close out the first half of 2025, BTC is up +16.8% on the year so far, as shown in the far right-hand column of the Returns Heatmap table. Figure 2: BTC Monthly Returns. Last month saw BTC range for much of the time, with a final gain of just +2.34 % at the end of the month. Will this be the calm before the storm as we head into the second half of the year? The Big Story: The Blockchain Group keeps buying more BTC Paris-listed The Blockchain Group confirmed on Monday that it snapped up 116 bitcoin over the first week of July, spending the proceeds of two capital raises. The company disclosed the deal in a regulatory filing before European markets opened, pushing its total treasury to 1,904 BTC. The latest purchase was at a cost of €10.7M. Chief executive Alexandre Laizet said on X that the transaction cements the firm’s status as “Europe’s first pure-play bitcoin treasury company,” adding that the team remains “laser-focused on stacking sats” as long as market conditions are favorable. Figure 3: The Blockchain Group BTC holdings increasing over time. The firm has continued to stack bitcoin throughout 2025 and is now approaching 2,000BTC. Investors have rushed to buy the stock, which has seen it pull far away from its key moving averages: the 50-day, 100-day, and 200-day moving averages. Figure 4: The Blockchain Group share price and key moving averages. Bigger picture: corporations keep buying The Blockchain Group’s move comes amid a fresh wave of listed firms turning to bitcoin as a balance-sheet asset. Earlier today, Japan-based Metaplanet revealed a purchase of 2,205 BTC, boosting its reserves to 15,555 BTC and signaling an ambition to reach 30,000 BTC by year-end. Smaller firms are also catching up. The UK’s Smarter Web Company has been purchasing BTC at a rapid rate and now holds exactly 1,000BTC. There are now seven companies employing an ACTIVE Treasury management strategy where they seek out financing to stack more sats that hold more than +1,000BTC. Figure 4: Active Bitcoin Treasury companies with +1,000BTC. The race for Public Companies to acquire BTC is well and truly on. You can track The Blockchain Group's key metrics on their free dashboard here. Public companies with an ACTIVE treasury strategy can be monitored here. Speak again soon! Bitcoin Magazine Pro Team. Bitcoin Magazine ProFor more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro. Make Smarter Decisions About Bitcoin. Join millions of investors who get clarity about Bitcoin using data analytics you can't get anywhere else. We don't just provide data for data's sake, we provide the metrics and tools that really matter. So you get to supercharge your insights, not your workload. Take the next step in your Bitcoin investing journey:
Invest wisely, stay informed, and let data drive your decisions. Thank you for reading, and here’s to your future success in the Bitcoin market! Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. We sincerely appreciate your support and hope you found this content valuable. Please leave a like and let us know your thoughts in the comments section; we always welcome feedback from our audience! |
Monday, July 7, 2025
BTC new all-time high this week?
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