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Bitcoin to $107K prediction Analysis right now suggests the leading cryptocurrency is definitely on track for a major breakout. Recent technical indicators and also on-chain metrics point to an imminent surge beyond the $100K milestone in the coming weeks. The Bitcoin to $107K prediction is supported by three key market signals that analysts and investors are closely monitoring at the time of writing. Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance Breaking Down Bitcoin’s Path to $107K Source: Watcher Guru Signal #1: Critical Resistance Levels Breached Bitcoin has recently traded above key resistance levels at $93,100 and also $95,300, effectively breaking out of its five-day trading range. This Bitcoin breakout signal was accompanied by unusually high volume, suggesting strong buyer conviction in the market. The Bitcoin to $107K prediction gains additional credibility as these technical barriers continue to fall one after another, opening up the path to...

Tether, the issuer of the leading stablecoin USDT and one of the largest Bitcoin (BTC) holders, could now be forced to dump part of its BTC reserves, according to JPMorgan analysts. This raises questions on potential market impacts for both Bitcoin and USDT in 2025. As The Block reported this morning, JPMorgan analysts are looking to Tether’s reserves and the recently introduced U.S. bills, regulating stablecoins in the country. According to estimations, only 66% and 83% of the issuer’s reserves comply to each proposed bill at its current state. Percentage of Tether’s reserves compliant with the STABLE and GENIUS Acts. Source: J.P. Morgan / The Block Currently, Tether holds around $8 billion worth of 83,758 BTC in its reserves. This represents approximately 5% of all the $142 billion circulating USDT, which the company claims is 1:1 reserves-backed. Picks for you ...