Bitcoin (BTC) Experienced a Slight Pullback Today, Trading Around the $102,000 Mark

Bitcoin (BTC) experienced a slight pullback today, trading around the $102,000 mark. However, this minor dip comes after an impressive week

Bitcoin experienced a slight pullback today, trading around the $102,000 mark. However, this minor dip comes after an impressive week where the cryptocurrency consistently remained above $105,000.

Despite the small decrease, Bitcoin is still up by a significant 8% over the past week, underscoring its overall robust performance. The market sentiment remains overwhelmingly positive as Bitcoin has successfully reclaimed the $100,000 threshold.

> Tariffs have reportedly been reduced significantly for the next 90 days, a development that many believe could inject summer vibes into the market.

Many anticipate that this move could brightly light up the summer for Bitcoin and potentially the broader decentralized finance (DeFi) sector.

Key Factors That Could Propel Bitcoin to $400K

Several key highlights today reveal the strength of the underlying market. Bitcoin Exchange Traded Funds (ETFs) now hold a massive $106 billion in net assets, reflecting growing mainstream interest in these investment vehicles.

JPMorgan added to the momentum with a $1.7 billion investment, reinforcing major financial institutions’ rising confidence in Bitcoin ETFs as a legitimate asset class.

At the 2025 Las Vegas conference, the Vice President of the United States openly voiced support for Bitcoin, marking a historic step toward institutional acceptance and political recognition.

Renowned Bitcoin analyst PlanB recently posted on Twitter that Bitcoin’s relative strength index (RSI) currently sits at 69. Based on past bull markets, PlanB expects the RSI to stay above 80 for at least four months.

Historically, an RSI above 80 aligns with monthly returns of 40% or more. If this pattern holds, Bitcoin could rally from around $104,000 to as high as $400,000. This projection has sparked strong interest across the investment community.

A closer look at the Global M2 Money Supply shows a strong correlation with Bitcoin’s price trends. This connection points to a possible link between global liquidity and Bitcoin’s valuation—one that many market watchers continue to monitor as new all-time highs draw closer.

Adding to the bullish sentiment, a Coinbase executive noted that Bitcoin miners can’t keep up with surging demand. This imbalance raises the risk of shrinking reserves on exchanges, which could trigger a supply shock and push prices even higher.

Bitcoin’s supply cap of 21 million remains fixed, with only about 19 million considered truly accessible due to lost or locked wallets. That scarcity means just 0.26% of the global population could ever own a full Bitcoin.

New BTC-Related Meme Coin to Watch: BTC Bull Token

With strong potential ahead, many investors are now focusing on the BTCBULL presale. BTC Bull Token aims to ride Bitcoin’s upward trend by rewarding $BTCBULL holders whenever BTCUSDT hits major price milestones.

Investors are drawn by the chance to boost their gains and earn free BTC. So far, the presale has already brought in over $5.6 million. Right now, $BTCBULL is priced at just $0.00251, but this price will go up in the next 37 hours—giving early buyers a chance to save.

You can buy $BTCBULL with ETH, USDT, or a bank card through the official website or Best Wallet. Presale buyers can also stake their tokens to earn 73% APY. Staking gives them a way to earn passive income while waiting for Bitcoin to rise—and potentially unlock free BTC airdrops.

The project plans to airdrop BTC to $BTCBULL holders when BTCUSDT reaches $150,000. More airdrops will follow for every $50,000 gain until Bitcoin hits $1 million. Holding $BTCBULL in Best Wallet automatically unlocks eligibility for Bitcoin airdrops each time a milestone is reached.

BTC Chart vs BTC Bull Token Price.

Expecting a 10x-20x on BTC Bull Token from here.

BTC Bull Token Is in Presale Now. Get It Early Before It Explodes 🐂https://t.co/870cW7qT63#BTC #Bitcoin #BTCChart #BTCBULL #CryptoPresale pic.twitter.com/yI038V6C86

— BTC Bull Token (@btc_bull_token) July 17, 2023

$BTCBULL also has a deflationary system. When BTCUSDT crosses $125,000, the team will start burning tokens. More tokens will be burned with each $25,000 increase in Bitcoin’s price.

After the presale, holders can claim their $BTCBULL tokens on the official site or by opening Best Wallet. The next big step will be $BTCBULL’s DEX launch.

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