Bitcoin Price Prediction: $BTC Is Showing Mixed Signals, Here’s Why

Bitcoin is getting closer to a breakout, hovering just below the main resistance level. With the expiration of options worth $40 billion approaching and July coming up, will BTC finally reach a new ATH this month — or will the fireworks come next? Bitcoin Approaches The Level of $107,000: But Will This Breakout Actually Happen? Bitcoin ($BTC) is currently trading around $106,900, just a little shy of hitting the main resistance level of $108,000. On the surface, everything seems ready for a price increase — but in reality, the market is sending mixed signals. On one hand, we see the bullish momentum forming: The expiration of the BTC options contract worth 40 billion dollars on June 28 may act as a catalyst for short-term volatility. Organizations continue to accumulate Bitcoin, driven by Jerome Powell's statement that U.S. banks may legally serve cryptocurrency customers. On the other hand, technical hesitation, cautious sentiment surrounding altcoins, and macroeconomic instability are causing Bitcoin to be stuck just below the breakout level. What is the result? A tense tug-of-war between bullish momentum and market hesitation. So, will BTC reach a new ATH before the end of June or delay until July? Ethereum also does not provide any clear signals? While Bitcoin is touching the resistance level, Ethereum ($ETH) is also not showing much clarity. ETH is trading near $2,450, holding just above the support level of $2,400. If this level is broken, it could pull the entire market down lower. However, if ETH regains strength and pushes above $2,873, it will confirm the formation of Elliott Wave III — indicating a new upward momentum towards $3,000 and above. But similar to Bitcoin, the sideways action of ETH indicates a market lacking decisiveness that is not yet ready to commit. In summary, Ethereum neither confirms nor denies Bitcoin's setup - this adds to the uncertainty. Ripple's Lawsuit Adds More Selling Pressure To make matters more complicated, the altcoin sentiment remains unstable after the court's decision to reject Ripple's $50 million settlement proposal. This has delayed hopes for an ETF for XRP and raised doubts about the approval timeline for Ethereum itself. As a result, Bitcoin has solidified its dominance to over 65%, as traders shift to what they see as the safest bet in cryptocurrency. However, even BTC is showing hesitation, caught between macro tailwinds and uncertainty at the micro level. The Levels and Important Events to Watch The resistance level of 108,000 USD for BTC: It needs to break above this level to unlock the move towards 115,000 USD–120,000 USD, potentially triggering a new ATH.

Support at $2,400 for ETH: If ETH breaks this level, bearish sentiment may quickly take over.

The expiration date for options is June 28: A factor that triggers high expected volatility — watch the market's reaction right after. SEC or Fed announcement: Any unexpected legal developments could instantly reverse sentiment in either an upward or downward direction. Conclusion: All Eyes Are Focused on the Moment — But the Signals Are Divided Bitcoin is clearly on the verge of something big, but the current chart reflects more hesitation than confirmation. June is about to end, and momentum could push BTC to a new ATH — but time is tight, and July may provide a cleaner setup. Conflicting signals on BTC, ETH, and macro factors suggest that traders should be cautious but must prepare. The next breakout is coming — whether it is a false alarm or the truth is a question that only time will answer.