Key Points:
Bitcoin rose 10% from June 5th to $110,000 on June 11th.
Analysts predict that BTC could reach between $120,000 and $150,000, with Michael Saylor looking at $1 million.
Bitcoin (BTC) prices have risen by more than 10% since June 5th, and on June 11th it was $110,000 higher.
Cointelegraph Markets Pro and TradingView data show Bitcoin’s price rose 1.7%, trading at $109,400 at the time of writing, starting from the lowest price of $108,400 on June 10th
Bitcoin’s price rise coincides with market-wide rally, along with a global crypto market capitalization rise of over $3.4 trillion for the first time since May 29th.
The uptrend left market participants wondering how high Bitcoin was in 2025.
Bitcoin Prices are looking for the highest ever high
Bitcoin’s latest recovery has sparked optimism among market analysts and traders who hope BTC will explode at an all-time high.
“The Bitcoin monthly chart looks ready to accelerate,” popular analyst Jere said in a June 11th X post, adding:
“A few months up, do you have a blow-off cherry on top?”
As of June 11th, BTC prices were 2.1% below their all-time high, over $111,000. This was the next major resistance. If this barrier is broken, Jere expects $120,000 as the next possible target, with prices reaching $140,000 and $150,000.
“If #bitcoin can support $108k here, then we’ll see that we’ll enter the price discovery. First goal: $120k, then $1.40-150,000 at the top of the cycle.”
For MN Capital founder Michael Van de Poppe, BTC prices could be consolidated for several days, raising the price to a fresh, high, above the recent high of $110,500.
“Beyond this level, it means that we’ll begin to accelerate price action for the new ass, just as previous breaks above $106,500 accelerated prices towards $108,000.”
#bitcoin accelerated after the initial breakout exceeded $106,500 and ran towards $110,000.
We can also see that breakouts over $108,900 accelerated price action (in this case to $110,500).
The first period of integration usually lasts several days.
And then…pic.twitter.com/swhyoyduiq
– Michael Van de Poppe (@cryptomichnl) June 10, 2025
Fellow analyst Mags said Bitcoin is ready for the next leg up, with the weekly time frame cup and handle chart pattern projecting a $125,000 target at BTC prices.
Cointelegraph reported that BTC’s price action forms bullish cup-and-handle and bull flag patterns in the daily time frame, targeting $140,000.
Bitcoin will cost $1 million, says Michael Sayler
Michael Saylor of Strategy claims that “all evidence” indicates that Bitcoin is unlikely to face another crypto winter anytime soon, predicting the BTC price to reach $1 million.
In an interview with Bloomberg on June 10th, Saylor said:
“The winter hasn’t returned. We’re past that stage. If Bitcoin doesn’t go to zero, it’s $1 million.”
🔥 Bull: Michael Saylor says the Bitcoin bear market is over.
He predicts that daily demand could reach between $500,000 and $1 million as miners supply and institutional adoption accelerate. pic.twitter.com/ifhhgfmzgj
– Cointelegraph (@cointelegraph) June 10, 2025
Saylor argues that the growing demand for institutions and the fixed supply of Bitcoin is driving its value. According to data from Saylor Tracker, Saylor’s corporate strategy, which began purchasing Bitcoin in 2020, has accumulated 582,000 BTC worth around $63.85 billion.
Related: Bitcoin’s “fair value” could be $230K – Bitwise Analyst
Other analysts have set ambitious Bitcoin targets, with $1 billion asset manager Ark Invest, which raised the “bullcase” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.
Skybridge Capital’s Anthony Scaramucci is forecasting $500,000 per BTC, citing the fixed supply of Bitcoin and increased demand from ETFs.
Bitwise Head of European Studies, Andre Dragosch, forecasts BTC prices of $200,000 in 2025 and $1 million by 2029, based on institutional adoption and expanding rarity indicators.
These analysts highlight Bitcoin’s deflationary design, highlighting the harving cycle and mainstream adoption as the main driver, but investors should be aware of regulations, volatility and other market risks.
The BTC Clearing Heat Map shows $112,000 and $114,000 as short-term targets
The Binance BTC/USDT Clearing Heatmap reveals the major liquidity zones where large-scale clearing events can occur. These levels act as magnetic zones and affect the direction of prices based on the amount of liquidity at a particular level.
High concentration liquidation was seen at around $112,000 near the all-time high, with the yellow area indicating clusters of leveraged positions, suggesting that it is a significant level of resistance.
If the $112,000 level is broken, it could narrow down the liquidation, forcing short sellers to close their positions towards their next major liquidity cluster, $114,000, and push for prices.
“Bitcoin’s ATH liquidity is being called,” popular analyst AlphaBTC said in a post on X on June 11th, adding:
“$BTC is struggling to break through that 110K level and may require longer integration before they have the energy to take away the ATH.”
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
