Bitcoin's price hovers around $107,000, showing technical strength as BTC's chance of rising to new all-time highs appears to be increasing, new analysis suggests .
Analysts predict that a new all-time high is “inevitable,” as Bitcoin eyes liquidity at $109,000 . Bitcoin's price rose sharply by 7.32% last week, closing above $108,000, underscoring the bullish momentum .
Optimism is further fueled by strong inflows into US-listed spot Bitcoin ETFs, which recorded $2.22 billion in weekly inflows, the highest level since late May . Additionally, growing institutional interest further supports this bullish outlook .
Several analysts have pinpointed the $109,000 level as a critical juncture, with a successful breach signaling potential upward momentum towards new all-time highs . MN Capital founder Michael van de Poppe noted that breaking this area is necessary to have upward momentum . Pseudonymous analyst Mags shared a chart showing Bitcoin's price action forming an inverted head-and-shoulders pattern in higher timeframes, targeting new record highs once the price breaks above the pattern's neckline at $112,000 .
However, other analysts have suggested more conservative forecasts, with neutral forecasts suggesting BTC will remain in a stable price range in the coming months . This outlook is based on mixed market signals, where institutional interest is counterbalanced by economic uncertainty and regulatory concerns . Despite potential short-term fluctuations, the long-term outlook for Bitcoin remains bullish, with some analysts predicting it could rally towards $130,000–$150,000 by the end of 2025 .
Overall, the Bitcoin market presents a mix of optimism and caution. While the prospect of a new all-time high is strong, investors should remain aware of potential market volatility and external economic factors .