Bitcoin extended its rally on 16 June, briefly climbing above $108,000 after earlier reclaiming the $107,000 and $106,000 thresholds. The advance marked the cryptocurrency’s strongest showing of the session, underscoring renewed buying interest that began overnight. No major fundamental catalyst was cited for the move, but bullish sentiment appeared to build throughout the day. Prediction-market platform Kalshi said traders now see Bitcoin reaching as high as $137,000 before year-end, reflecting expectations that limited supply and heightened institutional demand will continue to support prices.