How High Can Bitcoin Go? New BTC Price Predictions Point to $200K in 2025 and $1M Long Term

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.