Bitcoin Price Jumps To No.1 CoingGecko Trending As UK Economist Says ‘Satoshi is Secretly Selling BTC’

• Bitcoin price rose 0.1% to $106,925, driven by a 20.8% spike in daily volume to $26.7B
• UK economist Gary Stevenson claims Satoshi is secretly selling BTC to fund a PR pump campaign.
• BTC broke above the 50-day SMA, and a surge toward $111,000–$115,000 could be next.

Bitcoin price has risen 0.1% in the last 24 hours to trade at $106,925 on a 20.8% surge in daily trading volume to $26.7 billion. The price jump has pushed the asset to the No. 1 spot on CoinGecko’s trending list

Meanwhile, the crypto world is buzzing after a UK economist dropped a wild bombshell, suggesting that Satoshi Nakamoto, Bitcoin’s mysterious creator, might be secretly unloading BTC stashes. Is this the start of a legendary pump, or are we in for a rug pull?

Stevenson’s Shocking Claim: Satoshi Using Bitcoin Wealth to Fund Price-Pumping PR Campaign

ADVERTISEMENTHis remarks have elicited backlash from industry leaders such as Bitcoin Magazine CEO David Bailey, who called him out as being a “shameless liar”

Bitcoin price was not affected by his remarks and has risen 0.1% in the last 24 hours, as investors mainly dismiss Stevenson as a ‘pop economist’ who doesn’t understand how the blockchain works.

ADVERTISEMENT## Bitcoin Price Breakout Targets $111,000

The BTC/USD 1-hour chart paints an intriguing picture. Right now, BTC is trading at $106,925, and those moving averages (50-day SMA at $106,824 and 200-day SMA at $107,021) are giving us bullish signals

The price just broke above the 50 SMA, hinting at bullish momentum, while the 200 SMA currently acts as resistance. The Relative Strength Index (RSI) sits at 58.03, just below overbought territory. Although there is room to run, watch for a reversal if it hits 70.

If the bulls break through the 200-day SMA with some serious volume, we could see a moonshot toward $111,332. Support sits solid at $105,751, with the 50-day SMA acting as a safety net. A drop below could send us sliding to $104,198.

BTCUSDT Chart by TradingviewLooking ahead, the 7-day outlook leans bullish. If BTC holds above $107,000 and cracks $109,000 with solid volume, we’re eyeing $115,000 by July 7. The MACD shows a recent bullish crossover, with the line trending up

In short, BTC’s got the momentum to pump, but if that Satoshi FUD catches any fire, it could throw a curveball

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