“BTC’s Bullish Breakthrough: Will $109K Be the New High with ETF, El Salvador, and Miner Momentum?”

The government of El Salvador has discreetly acquired an additional 240 BTC since it entered a $1.4 billion loan agreement with the IMF in December 2024. Although this deal limits the country’s Bitcoin investments, certain loopholes have permitted the continued accumulation, bringing the total to 6,209 BTC.

President Bukele is still executing his plan to purchase one BTC daily, though it is recorded outside the official state accounts. Even with a 44.5% drop in cryptocurrency inflows to El Salvador in the first quarter of 2025, the country’s steadfast approach reinforces a significant message to the markets: Bitcoin adoption remains vigorous in various regions.

For investors, this situation highlights a contrast between political challenges and grassroot accumulation, thereby bolstering long-term confidence.

Miners Bolster U.S. Control of the Bitcoin Market

As reported by JPMorgan, miners based in the U.S. now command 31.5% of the global Bitcoin hashrate, reaching the highest record ever. Companies like Riot Platforms, Hive Technologies, and CleanSpark have reported a collective 99% increase in hashrate capacity year-on-year, while network growth is at 55%.

Despite a slight decrease in hash price, miner evaluations have risen by $2.4 billion this year, with Riot contributing to 20% of this increase. This trend solidifies the institutional framework in North America, reinforcing the notion that Bitcoin is evolving into a legitimate asset class.

Bitcoin Technical Analysis: Bulls Faces Resistance at $108,950

At present, Bitcoin is trading at $106,647, reflecting a 0.52% decrease for the day. The hourly chart indicates BTC is retracting from symmetrical triangle resistance near $108,951.

The long upper wick on the rejection candle, along with a bearish MACD crossover, suggests a loss of momentum.

Current support levels are at the 50-period EMA ($106,656) as well as horizontal levels at $106,196 and $104,633. A fall below these could lead to a significant decline toward $103,132.

Key Levels to Monitor:

• Resistance: $108,951, $110,406
• Support: $106,196, $104,633, $103,132

Potential Trade Setup:

• Bullish: Enter long positions if BTC surpasses $109K with volume
• Bearish: Consider short positions if it breaks below $106,196, targeting near $104,633

Despite optimistic macroeconomic news, price behavior remains range-bound, thus keeping Bitcoin’s price predictions balanced. For now, both patience and precision are crucial.

Bitcoin Hyper Presale Exceeds $1.3M—Layer 2 Benefits from Meme Popularity

Bitcoin Hyper ($HYPER) has successfully crossed the $1 million mark in its initial public presale, raising $1,307,398 out of a targeted $1,485,641 million. With only a few hours remaining before the price increases, purchasers can still secure tokens at $0.01185 each.

This platform, the first Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), aims to offer rapid, low-cost smart contracts within the BTC ecosystem. It combines Bitcoin’s security with SVM’s scalability to enable fast dApps, meme coins, and payments—coupled with low gas fees and smooth BTC bridging.

Audited by Consult, Bitcoin Hyper is designed for speed, reliability, and scalability. Over 91 million $HYPER have already been staked, with projected post-launch rewards surpassing 577% APY. The token also facilitates gas fees, dApp accessibility, and governance.

The presale allows crypto and card payments, with no wallet necessary due to Web3Payments. This combination of meme value and practical utility positions Bitcoin Hyper as a potential standout in Layer 2 for 2025.

The article first appeared on Cryptonews with the title “Bitcoin Price Prediction: BTC Hits Wall at $109K as ETF, El Salvador, and Miners Boost Bull Case.”