Bitcoin Closes Record Quarter Near $111K, Eyes $120K Rally
Bitcoin ended Q2 with a record quarterly close near $111,000, following a surge above $109,000 after a consolidation phase. Trading volume rose 18% to $55bn, pushing the volume-to-market-cap ratio to 2.53%, while the RSI remains neutral. Key support now lies at $108,000–$109,000, with resistance at $114,000. A confirmed daily close above these levels could pave the way for a rally toward $120,000–$123,000. Traders will watch on-chain data, daily price closes, and volume indicators for confirmation. If Bitcoin leads a broader market upswing, interest in an altcoin rally may intensify. Asset allocation and risk management remain critical amid potential volatility.
Bullish
Bitcoin’s record quarterly close near $111,000, combined with rising trading volume and neutral RSI, suggests strong bullish momentum. Technical levels show support at $108,000–$109,000 and resistance at $114,000, with potential for a breakout toward $120,000–$123,000. Continued volume growth and on-chain data supporting the trend further indicate sustained upside. These factors point to a bullish short-term outlook, while the quarterly milestone and market confidence support long-term gains.