• With $3 billion Bitcoin (BTC) options expiry looming, analysts have predicted that the asset faces a downside risk as the “Max Pain” lies at $106k, below the current price. 
• Analysts have also predicted that the asset could recapture the $111k level if it holds above the $108k level.

Bitcoin (BTC) could witness short-term price swings as option contracts worth $3 billion are set to expire today, July 4. According to data, the “Max Pain” is $106k, and the price could move towards this level. Technically, option buyers are expected to experience the maximum loss at this point while sellers experience the least of the total amount of loss. Bitcoin (BTC) Price Action and Potential Movements Pending this interesting moment, Bitcoin (BTC) has recorded a 0.37% decline on its 24-hour price chart to move from its daily high of $110,541 to $108,930 at press time. According to CoinMarketCap data, the 24-hour trading volume has also declined by 13% with $48.9 billion changing hands. Delving deep into the market, we discovered that there is a balanced scenario between bullish and bearish bets with the put-to-call ratio fixed at 1.05. Analysts believe that while this level suggests uncertainty, there is a high downside risk as long as the price stays above the Max Pain level. In the meantime, Bitcoin is still holding above its short-term support levels of the 20-day and 10-day moving averages. Also, there is a high buying strength as the asset trades near the top of the Bollinger Bands. While some momentum indicators also show signs of exhaustion, the MACD confirms the existence of an underlying strength. According to analysts, once Bitcoin falls below the current point to $107k, there is a high likelihood that the price could make an additional fall to $106k. Holding above the $108k could also see Bitcoin advancing into the $110k territory and subsequently into the $111k zone. As noted in our recent analysis, Bitcoin long-term holders have been advised to wait till $140k to “recapture the peak profit margin” recorded in the previous cycle. Basically, this level of growth could be fueled by the weakening dollar and market optimism as mentioned in our recent publication. Speaking on the overall market cycle, analyst Rekt Capital has warned that Bitcoin has only a few months left on its “bullish calendar.” Source: Rekt Capital Specifically, he believes that the market would peak in October if it follows the 2020 pattern. Many people are happy to throw away time-tested principles out the window, whereas it’s really important to rely on these sorts of metrics because they are not going to sway you as much as throwing everything out the window will. Analysts Speak on BTC Joining the Bitcoin discussion, a Canadian social media personality called Greg O’Gallagher has also predicted that Bitcoin could likely hit $250k this cycle. According to him, his prediction is based on historical trends, and the bull market could happen faster than anticipated. Fascinatingly, the CEO of Bitget, Gracy Chen, believes that the Bitcoin price could find a position within the $126k and the $190k range, as highlighted in our previous news article. However, Bitcoin advocate Samson Mow expects the price to rise explosively to $1 million by the end of the year, as also detailed in our earlier discussion.

A prominent market expert says Bitcoin price is undervalued at current levels, sparking debate on its future potential. Bitcoin's price has been steadily climbing in recent days, reaching a peak of over $110,300 on July 3. Currently priced at $108,691, Bitcoin has experienced a slight dip of -0.71% in the past 24 hours but has gained 1.65% over the last 7 days.  This upward momentum in recent days has fueled discussions within the community, with notable crypto commentary provider Altcoin Daily taking a bold stance on the digital asset’s future. Bitcoin Price at $110,000 is Undervalued According to Altcoin Daily, Bitcoin’s current price level is "undervalued," with the account suggesting that the cryptocurrency has substantial upside potential.  https://twitter.com/AltcoinDaily/status/1940883744615026810 The assertion that Bitcoin at $110K is undervalued has sparked debate among followers, particularly about the future direction of its price. Some community members are increasingly optimistic, with some commenters even predicting that Bitcoin could hit $1 million. However, not all responses have been unequivocally positive. One commenter questioned the valuation, asking, "Undervalued at $110K? What fundamental analysis or metrics support this valuation?"  Others remained cautious, arguing that the market has yet to confirm a breakout above $110,530 and warning that macroeconomic factors such as inflation and tariffs could continue to pose risks to Bitcoin price rally. Altcoin Daily's statement aligns with other experts on the social platform X. For instance, Crypto Rover asserts that Bitcoin is currently "undervalued," also suggesting it has substantial upside potential. Bitcoin Price Undervalued | Crypto Rover The analyst points to the rising global liquidity as a key factor driving Bitcoin's price growth. With the increase in liquidity, Crypto Rover believes the Bitcoin price is poised for significant appreciation. Previous Bullish Commentaries by Altcoin Daily Notably, Altcoin Daily has been steadfastly bullish on Bitcoin. Just a few days earlier, the platform expressed confidence in Bitcoin’s long-term prospects, stating that when Bitcoin surpasses $150K, investors would look back at these times and regret not buying more when prices were lower.  This sentiment echoes the platform’s continued optimism about Bitcoin’s future performance. Exec Advises Buying Bitcoin Meanwhile, Matt Hougan, Chief Investment Officer at Bitwise, has encouraged investors to buy Bitcoin, citing concerns raised by hedge fund manager Ray Dalio.  https://twitter.com/Matt_Hougan/status/1940883904715804682 Dalio warned about the U.S. government’s growing debt, which now exceeds $7 trillion in annual spending against $5 trillion in revenue.  The national debt is surpassing the government's income and each household’s share has reached $230,000. As a result, buying Bitcoin would be a hedge against future uncertainty.