Currently, Bitcoin dominance has surged to 65.7%, reflecting a strong investor preference for this leading cryptocurrency amid bullish market trends.

The bull flag pattern has been forming since March 2025, indicating a robust upward trend supported by consistent trading volume.

On-chain metrics and market sentiment show sustained investor interest, with stablecoin inflows bolstering the bullish outlook, despite ongoing macroeconomic uncertainties.

Market optimism is further enhanced by speculation surrounding a potential Bitcoin ETF approval later in 2025, which is attracting both institutional and retail interest.

Historical patterns, such as the Golden Cross, are fueling the current bullish momentum, with the last Golden Cross in 2024 resulting in a remarkable 73% increase in Bitcoin's price.

Bitcoin's technical indicators, including a bullish MACD crossover and a bull flag pattern, suggest that the cryptocurrency could reach a price of $137,880 in the near future.

Predictions indicate that Bitcoin could soar as high as $215,000 in July, coinciding with an anticipated altcoin season that will focus on select low-cap assets.

Recent market activity has seen significant short liquidations, with over $28.42 million in short positions liquidated on June 26, which has contributed to the prevailing bullish sentiment.

Current technical indicators, such as the VWAP and Parabolic SAR, support a short-term bullish outlook, while the RSI remains neutral at 52 and the MACD histogram is positive.

Historically, July has been a strong month for Bitcoin, paralleling positive trends in the S&P 500, which has averaged a 2.3% return every July for the past two decades.

Analysts have noted a coiling price action in Bitcoin that suggests a synchronized breakout with the S&P 500 could be imminent, indicating a convergence of traditional and digital asset markets.

Institutional inflows are increasingly favoring Bitcoin, positioning it as the primary cryptocurrency amid ongoing macroeconomic uncertainty.