Key points:
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Bitcoin is up 10% since June 5, hitting $110,000 on June 11.
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Analysts predict BTC could reach $120,000-$150,000, while Michael Saylor is eyeing $1 million.
Bitcoin (BTC) price has climbed by more than 10% since June 5, rallying as high as $110,000 on June 11.
Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin rose 1.7% to trade at $109,400 at the time of writing, from a low of $108,400 on June 10.
Bitcoin’s price rise coincides with a marketwide rally, with the global crypto market capitalization rising above $3.4 trillion for the first time since May 29.
The uptrend has left market participants wondering how much higher Bitcoin prices can go in 2025.
Bitcoin price seeks new all-time highs
Bitcoin’s latest recovery has sparked optimism among market analysts and traders, who expect BTC to blast toward new all-time highs.
“Bitcoin’s monthly chart looks ready for acceleration,” said popular analyst Jelle in a June 11 post on X, adding:
“A few months of up only with a blow-off cherry on top?”
As of June 11, BTC’s price was trading 2.1% below its all-time high of over $111,000, which was the next major resistance. If this barrier is broken, Jelle anticipates $120,000 as the next likely target, with the price reaching as high as $140,000 and $150,000.
“If #Bitcoin can turn $108K into support here, I see us entering price discovery next. Initial target: $120k, then $140-150k for a cycle top.”
For MN Capital founder Michael van de Poppe, BTC price could consolidate for a few days with a breakout above the recent high of $110,500, taking it to fresh all-time highs.
“Above this level would mean that we start accelerating the price action toward new ATHs, just like the previous break above $106,500 accelerated the price toward $108,000.”
#Bitcoin accelerated after the first breakout above $106,500 and we ran all the way towards $110,000.
You can also see that the breakout above $108,900 accelerated price action (in this case to $110,500).
The first period of consolidation typically lasts a few days.
Then,… pic.twitter.com/sWHyOYduIq
— Michaël van de Poppe (@CryptoMichNL) June 10, 2025
Fellow analyst Mags said Bitcoin was ready for the next leg up, with a cup-and-handle chart pattern in the weekly timeframe projecting a $125,000 target for BTC price.
Cointelegraph reported that BTC price action is forming bullish cup-and-handle and bull flag patterns in the daily timeframe, targeting $140,000.
Bitcoin price is “going to $1 million,” Michael Saylor
Strategy’s Michael Saylor claims that “all the evidence” indicates Bitcoin is unlikely to face another crypto winter anytime soon, predicting BTC price will reach $1 million.
In a June 10 interview with Bloomberg, Saylor said:
“Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
🔥 BULLISH: Michael Saylor says bitcoin’s bear markets are over.
He predicts it could reach $500,000 to $1 million as daily demand outpaces miner supply and institutional adoption accelerates. pic.twitter.com/IFhhgFmZGj
— Cointelegraph (@Cointelegraph) June 10, 2025
Saylor argues that growing institutional demand and Bitcoin’s fixed supply are driving its value. Saylor’s firm Strategy, which began purchasing Bitcoin in 2020, has since accumulated 582,000 BTC worth approximately $63.85 billion, according to Saylor Tracker data.
Related: Bitcoin’s ‘fair value’ could be as high as $230K — Bitwise analysts
Other analysts have set ambitious targets for Bitcoin, with a Billion-dollar asset manager, ARK Invest, raising its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.
Anthony Scaramucci of SkyBridge Capital forecasts $500,000 per BTC, citing Bitcoin’s fixed supply and increasing demand from ETFs.
Andre Dragosch, Bitwise’s head of European research, predicts a BTC price of $200,000 in 2025 and $1 million by 2029, based on expanding institutional adoption and scarcity metrics.
While these analysts highlight Bitcoin’s deflationary design, halving cycles and mainstream adoption as key drivers, investors should be cautious of regulatory, volatility and other market risks.
BTC liquidation heatmap shows $112,000 and $114,000 as short-term targets
The Binance BTC/USDT liquidation heatmap reveals key liquidity zones where large liquidation events may occur. These levels act as magnet zones, influencing price direction based on the amount of liquidity at a given level.
A high concentration of liquidations is visible near the all-time highs around $112,000, with the yellow area indicating a cluster of leveraged positions, suggesting it’s a key resistance level.
If the $112,000 level is broken, it could spark a liquidation squeeze, forcing short sellers to close positions and driving prices toward $114,000, the next major liquidity cluster.
“Bitcoin’s ATH liquidity is calling,” said popular analyst AlphaBTC in a June 11 post on X, adding:
“$BTC is struggling to break through that 110K level and may need a longer consolidation before it has the energy to take out the ATH.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
