Bitcoin Survives the June Stress Test - Here's Why July Looks Bullish
June was a month filled with FUD across the crypto markets, shaken by macro events like the twelve day conflict between Iran and Israel, and by proxy, the USA, which pushed Bitcoin below $100,000 temporarily. The targeted military strikes on Iran appeared strategically timed for a Friday night after the stock market had closed for the weekend, but with crypto trading 24/7, Bitcoin immediately felt the impact when news broke during the June 20 to 22 weekend.
Despite this, Bitcoin investors remained cautiously bullish. Holding above $100,000 average price for over thirty days for the first time ever shows a strong support floor is forming, helped in part by steady institutional accumulation through spot Bitcoin ETFs.
continued to lead the charge, with Michael Saylor adding to its $BTC reserves every Monday in June, accumulating another 20,370 BTC for $1.72 billion, bringing their total close to 600,000 BTC. Inspired by this playbook, other companies have jumped in to follow the “Strategy” strategy, raising capital specifically to buy Bitcoin.
Some compare this trend to the dot com era, where simply adding dot com boosted company valuations. Anthony Pompliano recently launched ProCap, raising $750 million with a plan to acquire up to $1 billion in BTC. Metaplanet in Japan, one of the earliest adopters of this treasury strategy, bought another 1,111 BTC for $120 million in June, now holding 11,111 BTC valued near $1 billion. This approach, now known as “Bitcoin Treasury Investing” or “Bitcoin Balance Sheet Strategy”, lets investors gain exposure to Bitcoin’s upside by holding shares in companies with significant Bitcoin reserves. A mentor of mine, Mark Moss, has been educating people on this narrative for years and continues to shed light on how it is reshaping corporate finance.
With key resistance levels now broken (more on this in the technical analysis below), the “One Big Beautiful Bill” passed to inject TRILLIONS of dollars into the system, and the stock market at all time highs, Bitcoin looks well positioned heading past the Fourth of July weekend. As the dollar continues to lose value, Bitcoin can only become more valuable over time. With Strategy, institutions, and new corporate treasuries stacking sats, July is shaping up to be another strong chapter for Bitcoin’s bullish story.
As we look ahead, I also had some great conversations this week with projects and leaders shaping what comes next in crypto. We covered the first Layer 1 blockchain going public, smart crypto tax strategies in the Isle of Man, crypto brokerages now entering the USA, and major new scalable Layer 1 chains that have just launched and could be the next unicorns. Check out the videos below:
I recently spoke with Polymath, the security tokenization platform, who are going public in the near future. They've recently acquired the Polymesh Layer 1 blockchain, which they created years ago, and are doing this M&A as a part of their going public strategy. This will be the first Layer 1 chain to go public. I spoke with the CEO, Vince, about tokenization, real-world assets, institutional interest in tokenization, and their campaign on tokenizing everything. If you'd like to learn more about how financial markets, financial products, money market products, and eventually everything will be tokenized, I highly recommend listening to this video.
Secondly, I spoke with the CEO of Echo on strategies to protect your crypto by placing it in structures in the Isle of Man. The Isle of Man is a country between Ireland and the UK, which has a tax-beneficial status and is used as a financial hub in Northern Europe. We also speak about the Echo crypto exchange and the launch of Echo Chain in the near future. If you're interested in tax-advantage strategies to protect your crypto, I highly recommend watching this talk.
Next, we spoke with Stormrake, which is a prime brokerage out of Australia that has just moved into the USA markets. There are millions of investors that are used to buying stocks and equities through a brokerage where you can just call up your broker and have them purchase an asset. Well, that is coming to crypto now with Stormrake's US prime brokerage. You can call the brokers and order Bitcoin or any of the top crypto assets, and they will buy it or manage it for you. If you're interested in how these brokerages are merging from traditional stock markets to crypto, I highly recommend watching this video.
Lastly, we spoke with Unique Divine, Co-Founder & CEO of Nibiru, a next-gen smart contract platform delivering 10,000+ TPS, 1.8-second block finality, and seamless multichain interoperability. In this Blockchain Interviews episode, we explore how Nibiru aims to redefine the Web3 user experience with EVM and Wasm contract support, structured DeFi products, RWAs, quantum-resistant security, and developer-first tools. We also cover their sustainable yield strategies, structured vaults, and major milestones to watch in 2025 as they push the future of scalable, quantum-proof blockchain technology.
is the original DePIN protocol powering real-world data, AI, and blockchain infrastructure. With its upgraded Layer 1, XYO supports high-volume, data-driven applications across DePIN, AI, and real-world asset (RWA) tokenization. Backed by a robust dual-token model, $XYO and the new $XL1, the network’s Proof of Perfect consensus ensures real-time scalability and true decentralization across more than 10 million nodes worldwide.
XYO is where next-generation builders go when legacy chains can’t keep up. If you’re exploring the future of decentralized physical infrastructure, real-world data markets, or on-chain AI, check out xyo.network and learn how to start building today.
Looking at Bitcoin’s technical analysis on the 12-hour timeframe, we’re seeing promising signs as price action breaks above the descending wedge that has been holding it down since May. This is a classic bullish reversal pattern. The 12H timeframe has flipped to bullish, but strongly note that the 1-day chart remains neutral, so traders will watch for daily closes to hold above the wedge to confirm the breakout. Volume is turning green with high 24-hour volume, signalling fresh buying momentum., but expect that weekends are always lower volume, especially on holiday weekends like July 4th.
If this breakout holds past the first week of July, BTC could make a move up toward 116,000 dollars, which sits just beyond the current all time high. With Trump’s “One Big Beautiful Bill” passing to inject trillions more dollars into the economy, the macro backdrop favors Bitcoin, and all assets, as an inflation hedge against the devaluing dollar. See Ray Dalio’s take on how this impacts inflation.
Regardless of timeframe, “Smart Money” is in on BTC, showing that larger investors are accumulating here, and Michael Saylor continues to buy every week regardless of price, reinforcing long-term confidence. Price Support sits around $100,000 since the May, with the breakout level now acting as a new floor if momentum continues after the July 4th holiday weekend. $110,000 could be the new Bitcoin floor.
All eyes are on the daily close and volume confirmation next week. If Bitcoin holds this level, the path to new highs looks strong.
Looking at Ethereum on the 1-day timeframe, the trend is still technically bearish overall but shows signs of strength as it holds within an ascending triangle pattern. An ascending triangle is typically a bullish continuation pattern that signals buyers are pushing up against a horizontal resistance, in this case, around the $2,600 level, which Ethereum has tested multiple times since mid-May. If price can break and hold above this resistance with strong volume, it could open the door for further upside moves.
On the fundamentals side, ETH is still behaving like most altcoins, waiting for Bitcoin’s daily chart to flip fully bullish before pushing higher. Recent news from Robinhood is positive, as they just announced native staking for Ethereum and Solana within their platform. Robinhood’s stock itself is up 10x over the last year, outperforming ETH in that time. Meanwhile, big institutions are continuing to accumulate, with BlackRock reportedly adding over $750 million in ETH in June, with no sells recorded yet. Therefore “Smart Money” is showing as in, but they are being patient and accumulating before the price breaks out, long term thinking.
While crypto summers are often slow, the macro backdrop under Trump’s new liquidity push could keep momentum alive through July and August. If Ethereum can close above $2,600 with strong volume, it could signal the next leg up as Bitcoin confirms its breakout.
