Bitcoin has experienced a significant surge of nearly 41%, climbing from a low of $73,273 on April 9 to $107,380 recently.

Despite these short-term uncertainties, economist Timothy Peterson highlights significant inflows of $2.2 billion last week, suggesting a continued positive trend in the market.

In fact, US-based spot Bitcoin ETFs have seen 14 consecutive days of inflows totaling $4.63 billion as of June 27, indicating strong institutional interest.

The future price movements of Bitcoin are expected to be influenced by macroeconomic factors and sustained institutional demand, particularly from ETF inflows.

Traders are closely monitoring the Federal Reserve's interest rate decision scheduled for July 30, as historically lower rates have been favorable for the cryptocurrency market.

Despite the current uncertainties, analysts maintain that the overall market structure remains robust, with key support levels holding firm.

Some analysts, including Donald Dean, express optimism that stability at current levels could lead to further increases in Bitcoin's price once long-term holders stop selling their assets.

As the market navigates these dynamics, the potential for Bitcoin's growth remains contingent on both trader sentiment and broader economic indicators.

Indicators such as reduced spot volume and weakened taker buy pressure suggest a cooling trend in the market, which traders are watching closely.

However, analysts from Bitfinex indicate that this rally may be losing momentum, with signs of weakening order flow and increased profit-taking among traders.

Spot trading volume has diminished, particularly among short-term holders who capitalized on buying Bitcoin below $80,000.