Key points:
Bitcoin is up 10% since June 5, hitting $110,000 on June 11.
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.
BTC/USD daily chart. Source: TradingView
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.”BTC/USD daily chart. Source: Jelle
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…
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