Bitcoin’s (BTC)
price climbed back above the $110,000 level this week after four consecutive
days of gains, reigniting investor and analyst optimism. The latest forecasts
from Bitwise suggest that Bitcoin’s fair value could reach as high as $230,000
by the end of 2025.

Meanwhile,
Michael Saylor believes that a new “crypto winter” is unlikely
anytime soon and that Bitcoin is on track to reach a seven-figure valuation, $1
million, in the long run.

In this
article, we explore why Bitcoin’s price is rising and how high it could go in
2025 and beyond.

Why Is Bitcoin Price Going
Up Today?

Bitcoin’s
recent surge above $119,000 represents more than just another price milestone.
The cryptocurrency gained 3.6% on June 10, fueled by renewed optimism
surrounding US-China trade talks and exceptionally high open interest in
futures markets. This momentum reflects a broader shift in market sentiment,
where why Bitcoin is going up becomes clearer through multiple
converging factors.

The
technical picture reveals a bull flag pattern targeting $158,000,
suggesting the current consolidation phase may be setting up for another
explosive move higher. Trading volumes have remained robust, with Bitcoin
maintaining support above key moving averages including the 20-day EMA at
$105,425.

Why Bitcoin
price is going up today extends beyond technical factors. The
cryptocurrency benefits from growing institutional confidence, with major
financial institutions like BlackRock continuing their daily accumulation
through ETF purchases. This steady institutional demand creates a floor effect,
preventing significant downside moves while supporting upward momentum.

CPI Data: The Next Major
Catalyst for Bitcoin’s Direction

Market
participants are closely watching today’s Consumer Price Index (CPI) release,
which could trigger Bitcoin ‘s next significant move. According to Dr. Kirill
Kretov from CoinPanel, the CPI data represents “the main macro catalyst on
everyone’s radar” for Bitcoin and Ethereum price action.

The CPI
measures inflation by tracking average price changes for consumer goods
and services. A higher-than-expected reading could stoke concerns about
persistent inflation, potentially pushing the Federal Reserve toward a more
hawkish stance. This scenario typically pressures risk assets, meaning Bitcoin
could face sharp corrections if the data comes in hot.

Conversely,
a cooler-than-expected CPI print might fuel optimism that the Fed
could maintain current rates or even pivot dovish. In today’s thin liquidity
environment, even modest positive macro news can spark significant upward price
moves, particularly benefiting Bitcoin and other major cryptocurrencies.

Dr. Kretov
warns that “manipulators will do what they can to extract profits
from these swings,” suggesting increased volatility regardless of the
CPI direction. This perspective aligns with Bitcoin’s historical tendency to
experience heightened price action around major economic data releases.

Michael Saylor’s
Revolutionary $1 Million Bitcoin Prediction

MicroStrategy’s
Michael Saylor presents perhaps the most compelling case for Bitcoin’s
astronomical price potential, boldly
declaring that Bitcoin is “going to $1 million.” His prediction
isn’t based on speculation but on fundamental supply-demand mathematics that
retail traders must understand.

Saylor’s supply
shock theory reveals a critical market dynamic: only 450 Bitcoin become
available daily through mining, worth approximately $50 million at current
prices. When institutional demand exceeds this $50 million threshold, “the
price has got to move up,” according to Saylor’s analysis.

Michael Saylor Says Crypto Winter Isn’t Coming, BTC to $1M –

On June 10, 2025, Michael Saylor, Executive Chairman of Strategy, announced that the crypto winter has ended and predicted that the value of Bitcoin will eventually reach $1 million each. $BTC

— Cormont (@Cormont_)

June 11, 2025

“Winter
is not coming back,” Saylor emphatically stated, rejecting fears of
another crypto market downturn. His confidence stems from Bitcoin’s maturation
beyond its riskiest phase, with improved accounting standards and growing
institutional acceptance creating an irreversible adoption trajectory.

The MicroStrategy
CEO’s all-or-nothing perspective suggests Bitcoin faces a binary outcome:
either it goes to zero or reaches $1 million. Given Bitcoin’s survival through
multiple market cycles and increasing institutional integration, Saylor argues
the evidence overwhelmingly supports the million-dollar scenario.

His
company’s massive 582,000 Bitcoin holdings worth $63.85 billion
demonstrate institutional conviction behind these predictions. MicroStrategy
continues purchasing “the entire natural supply,” creating sustained
upward pressure on Bitcoin’s price trajectory.

Expert Price Predictions:
How High Can Bitcoin Go?

Leading
analysts present increasingly bullish scenarios for Bitcoin’s trajectory
through 2025. Standard Chartered’s ambitious forecast projects
Bitcoin reaching $200,000 by year-end 2025, representing an 82% surge from
current levels. This prediction aligns with multiple institutional forecasts
suggesting Bitcoin’s fair value could reach $230,000.

Cathie
Wood’s Ark Invest offers perhaps the most aggressive long-term outlook,
maintaining their $1 million Bitcoin target within five years. This prediction
stems from Bitcoin’s finite supply of 21 million coins and its growing adoption
as a global store of value.

Bitwise
analysts cite US fiscal instability and Trump’s proposed tax cuts as key
drivers supporting their $230,000 “fair value” assessment. Their
analysis suggests Bitcoin’s scarcity positions it uniquely to benefit from
sovereign debt concerns and improving market sentiment.

“Quantitative models estimate bitcoin’s hypothetical “fair value” amid the current sovereign default probabilities at around 230k USD today. This estimation is dovetailed by bitcoin’s increasing scarcity which also points to an ascend towards 200k USD by the end of the year,” Bitwise commented.

Related: How High Can Bitcoin Go? Experts’ BTC Price Predictions Eye $125K in June and $150–200K by Year-End 2025

Bitcoin Technical
Analysis: Key Levels Every Trader Should Watch

During
Tuesday’s session, Bitcoin’s price declined for most of the day. However,
before the session closed, the entire move was reversed, pushing the price
toward $108,400 and ending the day above the $110,000 support level. On
Wednesday, trading opened again above this now-critical level, but at the time
of writing, Bitcoin is correcting by 0.7% and is trading at $109,500.

Based on my
technical analysis, if Bitcoin manages to hold the $110,000 level, a retest of
the all-time high from May 22 at $112,000 should only be a matter of time.
Thanks to Monday’s rally, Bitcoin has exited the regression channel that had
been forming over the past three weeks.

Even if a
deeper correction occurs, the area around $110,000, supported by the highs from
early May, should provide strong backing for the bulls. The next key support
lies around $100,000, where lows from the same period coincide with the 50-day
exponential moving average. This entire region forms a broader support zone,
further reinforced by the psychologically important six-digit mark of $100,000.

Another
crucial support area is located near $92,000 and $90,000, which aligns with the
200-day moving average. In my view, only a break below this zone, which I have
highlighted in previous technical analyses, could signal that the bears are
regaining control of the Bitcoin chart. As long as we remain above this zone, I
consider any pullbacks to be technical corrections, profit-taking events, and
opportunities to accumulate Bitcoin at more attractive, lower prices.

Positioning for Bitcoin’s
Next Major Move

Bitcoin
price prediction models consistently point toward significant upside potential,
with targets ranging from $150,000 to $230,000 by year-end 2025. The
combination of institutional adoption, supply constraints, and favorable
macroeconomic conditions creates a compelling case for continued appreciation.

For retail
traders, the current consolidation phase presents an opportunity to position
for the next major move higher. While short-term volatility remains likely, the
underlying fundamentals supporting Bitcoin’s long-term trajectory appear
stronger than ever.

Ready to
capitalize on Bitcoin’s potential? Consider dollar-cost averaging into
positions during consolidation phases while maintaining appropriate risk
management strategies. The next phase of Bitcoin’s bull market may be just
beginning.