

Bitcoin (BTC) price approaches 8-year resistance levels, potentially triggering a strong surge and worry about missing out
Jun 12, 2025 am 09:39 AMThe crypto market continues to recover, and Bitcoin approaches the eight-year resistance level, which may trigger a sharp rise and stimulate investors' FOMO sentiment.
On Monday, the cryptocurrency market continued to pick up, with Bitcoin hitting a key eight-year resistance level that could lead to a strong rally once it breaks through and spark concerns about missing opportunities among investors.
Bitcoin (BTC) has broken through the important resistance level of $110,000 for the first time in a few days. Highly performed Altcoins include Axelar (AXL), AAVE (AAVE), UNISWAP (UNI), and PEPE (PEPE).
Axelar price climbed to $0.6317, a record high since January, up 110% from its early-year low. Similarly, AAVE rose to $315, up 178% from its April low, while UNISWAP and PEPE both rose by more than 10%.
Bitcoin breaks through 8-year trend resistance line
The focus is on Bitcoin’s successful breakthrough of the $110,000 mark. As the cryptocurrency with the highest market capitalization, Bitcoin usually dominates the trend of the entire market. When Bitcoin rises, other crypto assets tend to follow up, and vice versa. For example, as Bitcoin fell back from $111,900 to $100,700, most token prices experienced double-digit declines.
From the long-term chart, Bitcoin is currently running near an uptrend line that has been linked to major volatility lows since December 2017. The trend line was tested twice in 2021 and was tested again in March and May this year.
If this resistance level can be effectively broken through, it will open up space for further rise. Cathie Wood of ARK Invest predicts that Bitcoin price could rise 15 times from current levels, while Tom Lee of Fundstrat gives a target range of $200,000 to $300,000.
U.S.-China Trade Negotiations and FOMC Meeting Minutes
Affected by the progress of Sino-US trade negotiations, the prices of Bitcoin and other cryptocurrencies have strengthened simultaneously.
The two sides hope to reach an agreement on trade and tariffs on semiconductors and rare earth products. If the negotiations achieve results, it may ease tensions in the crypto market and stock markets and drive prices to rise.
In addition, the Federal Reserve will release the minutes of its latest meeting on Wednesday. This document will help the market understand the future direction of the Federal Reserve. Any hint about the possibility of a rate cut could support cryptocurrency prices.
Axelar soared after landing on Upbit, South Korea's largest cryptocurrency exchange. This kind of going up often drives price increases, although the increase is often short-term.
Meanwhile, the AAVE tokens rose rapidly as the total locked value was close to $27 billion. As Ethereum prices surge to $2,790, tokens such as Uniswap and Pepe also strengthened. When Ethereum is on a strong upward channel, most ERC tokens usually perform well.
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