Key factors:
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Bitcoin is up 10% since June 5, hitting $110,000 on June 11.
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Analysts predict BTC may attain $120,000-$150,000, whereas Michael Saylor is eyeing $1 million.
Bitcoin (BTC) value has climbed by greater than 10% since June 5, rallying as excessive as $110,000 on June 11.
Information from Cointelegraph Markets Pro and TradingView reveals that the worth of Bitcoin rose 1.7% to commerce at $109,400 on the time of writing, from a low of $108,400 on June 10.
Bitcoin’s value rise coincides with a marketwide rally, with the worldwide crypto market capitalization rising above $3.4 trillion for the primary time since Might 29.
The uptrend has left market contributors questioning how a lot larger Bitcoin costs can go in 2025.
Bitcoin value seeks new all-time highs
Bitcoin’s latest recovery has sparked optimism amongst market analysts and merchants, who anticipate BTC to blast towards new all-time highs.
“Bitcoin’s month-to-month chart seems to be prepared for acceleration,” said fashionable analyst Jelle in a June 11 submit on X, including:
“A number of months of up solely with a blow-off cherry on prime?”
As of June 11, BTC’s value was buying and selling 2.1% beneath its all-time excessive of over $111,000, which was the subsequent main resistance. If this barrier is damaged, Jelle anticipates $120,000 as the subsequent doubtless goal, with the worth reaching as excessive as $140,000 and $150,000.
“If #Bitcoin can flip $108K into help right here, I see us coming into value discovery subsequent. Preliminary goal: $120k, then $140-150k for a cycle prime.”
For MN Capital founder Michael van de Poppe, BTC value may consolidate for a number of days with a breakout above the latest excessive of $110,500, taking it to contemporary all-time highs.
“Above this degree would imply that we begin accelerating the worth motion towards new ATHs, identical to the earlier break above $106,500 accelerated the worth towards $108,000.”
#Bitcoin accelerated after the primary breakout above $106,500 and we ran all the best way in the direction of $110,000.
You may also see that the breakout above $108,900 accelerated value motion (on this case to $110,500).
The primary interval of consolidation usually lasts a number of days.
Then,… pic.twitter.com/sWHyOYduIq
— Michaël van de Poppe (@CryptoMichNL) June 10, 2025
Fellow analyst Mags said Bitcoin was prepared for the subsequent leg up, with a cup-and-handle chart sample within the weekly timeframe projecting a $125,000 goal for BTC value.
Cointelegraph reported that BTC value motion is forming bullish cup-and-handle and bull flag patterns within the each day timeframe, concentrating on $140,000.
Bitcoin value is “going to $1 million,” Michael Saylor
Technique’s Michael Saylor claims that “all of the proof” signifies Bitcoin is unlikely to face one other crypto winter anytime quickly, predicting BTC price will reach $1 million.
In a June 10 interview with Bloomberg, Saylor said:
“Winter just isn’t coming again. We’re previous that section; 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 may attain $500,000 to $1 million as each day demand outpaces miner provide and institutional adoption accelerates. pic.twitter.com/IFhhgFmZGj
— Cointelegraph (@Cointelegraph) June 10, 2025
Saylor argues that rising institutional demand and Bitcoin’s fastened provide are driving its worth. Saylor’s agency Technique, which started buying Bitcoin in 2020, has since gathered 582,000 BTC value roughly $63.85 billion, according to Saylor Tracker information.
Associated: Bitcoin’s ‘fair value’ could be as high as $230K — Bitwise analysts
Different analysts have set bold targets for Bitcoin, with a Billion-dollar asset supervisor, ARK Make investments, elevating its “bull case” Bitcoin value goal 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 fastened provide and rising demand from ETFs.
Andre Dragosch, Bitwise’s head of European analysis, predicts a BTC value of $200,000 in 2025 and $1 million by 2029, based mostly on increasing institutional adoption and shortage metrics.
Whereas these analysts spotlight Bitcoin’s deflationary design, halving cycles and mainstream adoption as key drivers, buyers ought to be cautious of regulatory, volatility and different market dangers.
BTC liquidation heatmap reveals $112,000 and $114,000 as short-term targets
The Binance BTC/USDT liquidation heatmap reveals key liquidity zones the place giant liquidation occasions might happen. These ranges act as magnet zones, influencing value path based mostly on the quantity of liquidity at a given degree.
A excessive focus of liquidations is seen close to the all-time highs round $112,000, with the yellow space indicating a cluster of leveraged positions, suggesting it’s a key resistance degree.
If the $112,000 degree is damaged, it may spark a liquidation squeeze, forcing brief sellers to shut positions and driving costs towards $114,000, the subsequent main liquidity cluster.
“Bitcoin’s ATH liquidity is looking,” said fashionable analyst AlphaBTC in a June 11 submit on X, including:
“$BTC is struggling to interrupt by that 110K degree and might have an extended consolidation earlier than it has the power to take out the ATH.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.
