Bitcoin (BTCUSD) was trading around $109,000 on Monday morning, just 3% shy of its all-time high, as traders embraced what’s shaping up to be another strong quarter for the world’s largest cryptocurrency. After a stellar second quarter that saw BTC gain 32% from April through June, sentiment across the crypto market remains overwhelmingly bullish.

This marks three straight months of gains for Bitcoin — a winning streak that has traders eager for a breakout above $111,000 to potentially push the asset into record territory. As optimism spreads, crypto bulls are betting that momentum could carry over into Q3, especially if macro conditions stay supportive.

The rally isn’t happening in isolation. Bitcoin is moving in tandem with broader markets, which are also flashing green. On Friday, both the S&P 500 and Nasdaq Composite closed at record highs, fueling investor appetite for growth assets. With US stock futures pointing higher, risk sentiment is running hot — and crypto is benefitting from the spillover enthusiasm.

Looking ahead, traders are watching closely to see whether Bitcoin can sustain this uptrend as the calendar flips into July. The combination of a weaker US dollar, increasing expectations for a Fed rate cut in September, and rising risk appetite could all help Bitcoin breach resistance and reach new highs.

Technical analysts are focused on that final 3% stretch to BTC’s all-time high, eyeing a clean breakout as the next trigger for fresh upside. Meanwhile, fundamental traders are monitoring economic data, Fed commentary, and even geopolitical developments — including Trump’s ongoing influence on market sentiment.

If everything aligns, Bitcoin’s Q3 could kick off with a historic rally — turning a strong year into a standout one for crypto investors.