Bitcoin Surges: Strongest Daily Performance Since May Signals Potential Rally Toward $107,000

Bitcoin has recorded its most robust single-day gain since May, fueling speculation of a sustained upward move toward the $107,000 level. The surge is underpinned by a confluence of bullish on-chain and market indicators. Analysts point to a significant influx of buy-side capital, a marked shift in investor sentiment from caution to optimism, and the notable return of the ‘Coinbase premium’—a pricing phenomenon where Bitcoin trades at a higher price on the U.S.-based Coinbase exchange compared to global averages, often interpreted as a signal of strong institutional or U.S. investor demand. This combination of factors suggests building momentum that could propel the flagship cryptocurrency beyond the critical $100,000 psychological barrier. Market participants are now closely monitoring whether this represents the beginning of a new macro trend or a significant relief rally within the current cycle, with key resistance levels ahead serving as the next test for bullish conviction.