Bitcoin remains steady at around $69,000, primarily due to a robust demand zone between $66,900 and $68,900, according to data analysis by IntoTheBlock. This range includes over two million addresses that have collectively accumulated 1.1 million BTC, indicating a high level of trader interest and engagement. This demand zone acts as a critical buffer, demonstrating trader confidence and investment at these price levels.

Renowned crypto trader Peter Brandt predicts that Bitcoin's current bull run could peak between $130,000 and $150,000 by late August to early September 2025, based on historical patterns following BTC’s previous halving events. This bullish sentiment is further fueled by significant developments in the Bitcoin ecosystem.

US Senator Ted Cruz, a crypto supporter, has initiated mining operations in Iraan, Texas, by purchasing three Bitcoin miners. Additionally, the Republic of Tatarstan aims to establish Russia's largest Bitcoin mining company, valued at approximately $100 million. These developments underscore the growing acceptance and integration of Bitcoin in various sectors, reinforcing the optimistic outlook for the market.