Bitcoin is maintaining its overnight rebound at the Wall Street open Wednesday as US inflation data provided bulls some relief . Bitcoin price targets include taking liquidity at around the $120,000 mark .
According to the data, US PPI inflation cools beyond expectations, providing relief after the hot CPI print the day prior . BTC/USD avoids a trip to a CME gap below $115,000 .
The index for final demand rose 2.3 percent for the 12 months ended in June . Despite rising 2.3%, PPI was still 0.2% lower than expected and 0.4% below the prior month's increase .
Analysts predict that Bitcoin could hit $200,000–$300,000 by December 2025 if historical patterns play out . Bitcoin is currently trading at $122,763, up over 10% this month .
One analyst notes that Bitcoin could double from current levels and reach $250,000 before the end of 2025, driven by five powerful catalysts . Other analysts project a parabolic rise to $250,000 driven by institutional momentum and macroeconomic tailwinds .
From a technical standpoint, Bitcoin remains in a long-term uptrend, with strong support levels forming near $111,980 . The Relative Strength Index (RSI), currently at 65, is cooling off from overbought territory, suggesting room for further consolidation before a potential breakout .
According to one prediction, the price of Bitcoin would be $188,677.65 in 2026, $229,338.86 in 2030, $292,700.96 in 2035, and $373,568.84 in 2040 .
The global bitcoin market size was valued at USD 17.05 billion in 2021 and is expected to reach USD 132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030 .
Despite the fluctuations, many analysts remain optimistic about the long-term outlook for Bitcoin, highlighting that the market is not at its peak yet .