The
cryptocurrency market stands at a pivotal moment as Bitcoin (BTC) price hovers
around $105,000, with analysts eyeing bullish price targets that could reshape
the digital asset landscape, taking into account the newest labor data from the
U.S. According to Bitfinex analysts, they may trigger “domino effect” toward
earlier Federal Reserve (Fed) rate cut and influence BTC price.

How high
can Bitcoin go has become the burning question among traders, as
institutional demand and macroeconomic factors align to potentially drive the
world’s largest cryptocurrency to extraordinary heights.

Bitcoin’s
recent performance has captured widespread attention, trading near $105,000
after retreating from highs around $112,000. The cryptocurrency has
demonstrated visible resilience, maintaining support above critical levels
while institutional investors continue accumulating positions through ETF
vehicles.

The Bitcoin
price prediction landscape has become increasingly bullish, with multiple
catalysts converging to support higher valuations. Bitfinex analysts report
that Bitcoin could reach the $120,000–$125,000 range as early as June,
contingent on favorable macroeconomic developments.

“We believe
if Bitcoin maintains support above $105,000, it could target the
$120,000–$125,000 range in June,” Bitfinex analysts predicted. “This will not
be catalyzed just from the labor market but it could be a domino in multiple
catalysts prompting the Fed to cut rates at a faster than expected pace.”

Why is
Bitcoin going up can be attributed to several key factors driving current
momentum. Institutional adoption has accelerated dramatically, with Bitcoin
ETFs attracting over $55 billion in projected inflows for 2025. This represents
a 50% increase from previous year levels, signaling sustained institutional
interest in digital assets.

Bitcoin News: Federal
Reserve Policy and Labor Market Impact

Friday’s
U.S. jobs report emerges as a critical catalyst that could accelerate Bitcoin ‘s
upward trajectory. The employment data, expected to show 125,000 to 130,000 new
nonfarm payrolls, represents a significant slowdown from April’s 177,000
additions.

Paul Howard
from Wincent offers a measured perspective: “I don’t expect any major
movements based on the jobs report. My thought process would be that we see the
market move lower on Friday as I expect a small lean to the downside which will
translate into a risk off mentality especially for the weekend.”

However,
Dr. Kirill Kretov from CoinPanel presents a more nuanced analysis: “A
weaker-than-expected NFP figure or a rise in the unemployment rate could signal
a cooling labor market, increasing the likelihood of Fed rate cuts. Such a
scenario might boost risk appetite, driving investor interest toward Bitcoin
and Ethereum.”

The US
labor data connection to Bitcoin pricing stems from Federal Reserve policy
implications. Softer employment figures could reinforce disinflation
narratives, potentially prompting earlier rate cuts that benefit risk assets
like Bitcoin.

“A
softer-than-expected report could reinforce the disinflation narrative,
potentially prompting the Federal Reserve to consider rate cuts sooner, which
would be bullish for risk assets like Bitcoin,” Bitfinex team added. “Conversely,
a stronger-than-expected report might delay rate cuts, strengthening the dollar
and possibly exerting downward pressure on Bitcoin.”

Ambitious Bitcoin Price
Targets for 2025

Bitcoin
price prediction 2025 scenarios have become increasingly aggressive as
market fundamentals strengthen. Tom Lee from Fundstrat presents perhaps the
most bullish outlook, targeting $150,000 to $250,000 by year-end.

Lee’s
analysis focuses on global liquidity expansion: “Bitcoin is responding to
global liquidity , which is moving up. And I think it’s anticipating a dovish
Fed next year, so that’s a tailwind for Bitcoin.”

The
supply-demand dynamics supporting these projections are compelling. Bitwise
research indicates that 95% of all Bitcoin has been mined, yet 95% of the world
doesn’t own Bitcoin. This massive imbalance suggests enormous potential for
price appreciation as adoption accelerates.

Related: How High Can Bitcoin Go? BTC Price Eyes $140K Summer Target as Institutions Drive Predictions of New Rally

Key Bitcoin Price Targets
from Leading Analysts

Multiple
forecasting models present varying scenarios for Bitcoin’s trajectory:

• Bitfinex Analysis: $115,000 by early July 2025
  in bullish scenarios
• Tom Lee Predictions: 40% up from current levels by
  the end of 2025, at least $150,000
• Changelly Forecast: Peak at $137,189 by June 7,
  with support at $104,329
• LongForecast Projection: Range between $115,561 and
  $132,957 for June
• CoinDCX Analysis: Potential test of
  $114,000–$116,000 mid-June

Institutional Adoption
Driving Long-Term Growth

The
institutional narrative continues strengthening Bitcoin’s fundamental value
proposition. Survey data reveals that 59% of institutional investors now
allocate at least 10% of portfolios to Bitcoin and digital assets, representing
a dramatic shift in traditional finance.

Bitcoin
ETFs have become a dominant force, outpacing traditional ETF products and
attracting unprecedented capital inflows. These vehicles now hold over 1.13
million BTC, making them among the largest collective holders of the digital
asset.

The
infrastructure supporting institutional adoption has evolved rapidly, with
sophisticated custody solutions and trading products enabling seamless
integration into traditional portfolios. This development transforms Bitcoin
from speculative investment to strategic portfolio component.

Bitcoin Could Touch $115K

Bitfinex maintains
a bullish long-term structure despite short-term volatility. The cryptocurrency
has successfully reclaimed the $95,000 and $100,000 levels, converting former
resistance into solid support zones.

The crypto
exchange analysts identify the $95,000–$97,000 range as a key accumulation zone
for any potential downside. “In a bullish scenario, driven by strong
institutional interest and ETF inflows, Bitcoin could touch $115,000 or higher
by early July 2025,” they report.

The weekly
chart structure remains favorable, with Bitcoin forming higher lows and
maintaining an upward channel. As long as the cryptocurrency stays above the
100-day EMA at $96,559, the broader trend remains constructive.

“However,
if the jobs report indicates a stronger labor market, Bitcoin might test
support levels around $102,000 or lower. Overall, the report’s outcome will be
pivotal for lower timeframe traders but will only be a smaller piece of a
larger puzzle in the larger scheme of things,” Bitfinex analysts concluded.

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Bitcoin Technical Analysis
Identifies Bullish Flag Pattern

From a
technical analysis perspective, my review of the daily Bitcoin to USDT chart
shows that the previous all-time highs from December 2024 and January 2025
acted as resistance again in May. Although Bitcoin briefly reached a new record
near $112,000, buyers failed to hold that zone. The resistance from several
months ago remains valid.

That said,
it doesn’t mean bears have full control. At the moment, I identify a bull flag
pattern forming. The flagpole began from the April lows, and the flag itself
has been developing for about a month within a downward-sloping regression
channel. If Bitcoin breaks out of this formation to the upside and quickly
clears resistance near $109,000, I would expect a new all-time high to be
reached later this month.

As for
potential support levels, Bitcoin is currently testing one defined by local
highs from early December, around $105,000. The next support is the psychological
$100,000 level. Even if this one is breached, I wouldn’t rule out a bullish
scenario just yet. In my view, bears will only gain control if the price drops
below the critical support zone between $90,000 and $92,000.

This zone
marks the former consolidation range that stretched from November 2024 to
February 2025. It’s also reinforced by the 200-day exponential moving average
(200 EMA), which I see as a simple yet effective indicator of market dominance
— whether it lies with buyers or sellers.

Bitcoin Key Support and
Resistance Levels

Market Risks and
Volatility Considerations

Despite
bullish projections, retail traders must acknowledge potential risks affecting
Bitcoin’s trajectory. Dr. Kretov warns about thin liquidity conditions:
“The current crypto market environment is marked by thin liquidity, as
on-chain data shows a significant withdrawal of Bitcoin from exchanges.”

This
liquidity environment means that even modest capital flows can create outsized
price movements. Large market participants often exploit official events like
employment reports to drive sharp price action, creating challenges for retail
traders.

Regulatory
developments remain another consideration, though the overall environment has
become increasingly favorable. The Trump administration’s crypto-friendly
stance and evolving regulatory clarity provide supportive backdrops for
continued growth.

Bitcoin News and Price FAQ

How high could Bitcoin
realistically go?

Bitcoin’s
realistic price potential varies significantly depending on timeframe and
market conditions. In the near term, analysts from major institutions like
Standard Chartered and VanEck project Bitcoin could reach $180,000 to $250,000
during the current cycle. Bitfinex analysts specifically target the
$120,000-$125,000 range by June 2025, with potential for $115,000 or higher by
early July.

Can Bitcoin reach $200,000
in 2025?

Multiple
analysts believe Bitcoin can reach $200,000 in 2025, with several providing
specific timelines. Standard Chartered’s Geoffrey Kendrick expects Bitcoin to
hit $200,000 by the end of 2025, citing shifts away from U.S. assets as
investors seek non-sovereign stores of value. TradingShot forecasts Bitcoin’s
cycle peak will occur between October and December 2025, with potential to
reach the $200,000 mark based on historical patterns and technical analysis.

How much will 1 Bitcoin be
worth in 2030?

Bitcoin
price predictions for 2030 show remarkable consistency among major analysts,
with most forecasting values well above $200,000. ARK Invest’s base case
scenario projects $710,000 by 2030, with bear case at $300,000 and bull case
reaching $1.5 million. Standard Chartered extends their bullish outlook to
$500,000 by 2029, positioning this as a realistic target as Trump’s potential
second term concludes.

Can Bitcoin reach $1
million?

Bitcoin
reaching $1 million is increasingly viewed as a realistic long-term target by
prominent analysts and industry figures. Arthur Hayes predicts Bitcoin could
hit $1 million by 2028, driven by fiscal and monetary policies that accelerate
capital flows into Bitcoin. Changpeng Zhao, Binance’s co-founder, forecasts
Bitcoin could reach $1 million in the next few years, citing institutional
adoption, ETFs, and potential U.S. strategic Bitcoin reserves as catalysts.

The $1
million target would require Bitcoin’s market cap to exceed $21 trillion,
representing the total supply of 21 million bitcoins multiplied by the
million-dollar price point. Multiple forecasting models align on this target,
with Price Predictions suggesting Bitcoin could surpass $1 million by 2033 and
various analysts viewing this milestone as inevitable rather than speculative.