Bitcoin bulls are set to benefit from an upcoming $20 billion options expiry on June 27, which could catalyze a rally toward $110,000. Despite a 1.72% drop over the last month, recent price recoveries give bulls a chance to solidify support around $105,000. Current open interest shows $11.2 billion in call options compared to $8.8 billion in puts, indicating a bullish sentiment. Analysts point to dovish comments from US Federal Reserve Chair Jerome Powell as contributing to Bitcoin's strength, along with a rising S&P 500 index. As options expiry approaches, Bitcoin bears face challenges and would need to push prices below $101,500 to gain an edge. Various price scenarios suggest that bulls could create a favorable setup for a July rally if they maintain levels above $106,000. The article emphasizes that this analysis does not provide legal or investment advice and aims to present general information regarding the Bitcoin market.

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