How High Can Bitcoin Go in 2025? Analysts Eye $150K, $500K, and Even $1 Million

Bitcoin (BTC) continues its bullish momentum, soaring past $110,000 and reigniting predictions of even higher price targets—from $120K in the short term to $1 million over the long haul.

As of June 11, Bitcoin surged by over 10% in less than a week, peaking at $110,000 and fueling fresh optimism in the crypto market. The rally has brought Bitcoin within striking distance of its all-time high, just 2.1% below its previous peak of around $111,000.

BTC/USD daily chart. Source: TradingView

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Bitcoin Price Climbs Past $110K Amid Market Rally

Data shows that Bitcoin was trading at $109,400 on June 11, after rebounding from a low of $108,400 the day prior. The broader crypto market has also rallied, with the total global crypto market capitalization topping $3.4 trillion—the highest level since late May.

With bullish sentiment spreading across the digital asset space, investors and analysts are asking the key question: how high can Bitcoin go in 2025?

Analysts Predict $120K–$150K in the Near Term

Crypto analysts suggest the recent breakout could be the beginning of another leg up. Market analyst Jelle noted that Bitcoin’s monthly chart “looks ready for acceleration,” implying that BTC could be entering the final stage of its bull cycle.

"If Bitcoin flips $108K into a solid support level, we could enter price discovery,” Jelle added. “Initial target: $120K, then $140K to $150K as a potential cycle top.”

Michael van de Poppe, founder of MN Capital, echoed this sentiment, suggesting that BTC could consolidate for a few days before making a decisive push above the recent $110,500 high.

"Once that resistance is breached, we may see rapid movement toward new all-time highs, just as we saw when the price jumped from $106,500 to $108,000," he said.

BTC/USD daily chart. Source: Jelle

Another analyst, Mags, pointed to a bullish cup-and-handle pattern forming on the weekly chart, forecasting a breakout to at least $125,000. Additional bullish formations, including bull flag patterns on the daily chart, suggest upside targets as high as $140,000.

Michael Saylor and Institutional Bulls Call for $1 Million BTC

While short-term targets range between $120K and $150K, long-term projections are even more ambitious.

Michael Saylor, executive chairman of a major crypto-invested company, believes the crypto winter is over and says Bitcoin is on an unstoppable trajectory toward $1 million.

“Winter is not coming back,” Saylor said in a recent interview. “If Bitcoin isn’t going to zero, then it’s going to $1 million.”

Saylor’s firm began accumulating BTC in 2020 and now holds over 582,000 BTC worth more than $63 billion. He argues that Bitcoin’s scarcity, combined with surging institutional interest, supports long-term bullish predictions.

BTC/USD weekly chart. Source: Mags

Read More: Michael Saylor Predicts Bitcoin Will Hit $1 Million, Dismisses Fears of Another Crypto Winter

Other financial powerhouses have also issued eye-catching forecasts:

• ARK Invest recently raised its bull-case price target for Bitcoin to $2.4 million by 2030.

• SkyBridge Capital’s Anthony Scaramucci predicts BTC will eventually hit $500,000, citing Bitcoin’s fixed supply and ETF-driven demand.

• Bitwise’s Andre Dragosch anticipates Bitcoin reaching $200,000 in 2025 and $1 million by 2029.

Bitcoin Faces Key Resistance at $112K and $114K

Despite the bullish outlook, Bitcoin still faces immediate technical resistance. A liquidation heatmap for BTC/USDT on Binance shows dense clusters of leveraged short positions around the $112,000 level. These liquidity pockets often act as magnet zones, pulling prices toward them due to the potential for forced liquidations.

Breaking through $112K could trigger a "short squeeze," propelling prices quickly to the next resistance around $114,000.

Crypto analyst AlphaBTC noted:

“Bitcoin is struggling to break past $110K, and may require a bit more consolidation before launching toward its all-time high.”

Bitcoin liquidation heatmap. Source: AlphaBTC

Outlook: $120K in Sight, But Volatility Remains

The current market dynamics suggest a strong possibility of Bitcoin entering price discovery soon. If BTC manages to turn $108K into reliable support and breaks above the $111K-$112K resistance, the stage could be set for a push toward $120K and beyond.

However, investors should remain aware of macroeconomic factors, regulatory developments, and crypto market volatility. While the path to $1 million may be paved with potential, it won't be without significant hurdles.