Bitcoin is testing the $110,000 level as sellers line up to keep the price in place . Data from Cointelegraph Markets Pro and TradingView showed BTCUSD reaching $109,777 on Bitstamp before reversing . Still wedged in a narrow range, the pair was contained by exchange order-book liquidity, which strengthened around the move .
Reacting, crypto market participants hoped that the stage was being set for a long-anticipated assault on all-time highs . Popular trader Jelle predicted a trip to $130,000 should bulls succeed in cracking the $110,000 mark, which had not seen a daily close since June 11 . Fellow trader BitBull flagged relative strength index (RSI) data as key to determining Bitcoin's potential next move .
With the US trade-tariff debacle still unfolding, macro analysis turned to upcoming volatility triggers for crypto and risk assets . QCP Capital highlighted next week's Consumer Price Index (CPI) print as part of the ongoing US inflation story .
Crypto traders are becoming increasingly bullish on social media over Bitcoin's chances of reclaiming $110,000 . Santiment data shows that for every bearish comment on Bitcoin, there are now 1.51 bullish comments – the highest sentiment ratio in the past three weeks .
Bitcoin price predictions for 2025 range from cautiously optimistic to bullish . Changelly predicted BTC would average $109,046 in 2025, with a range of $105,781-$110,310 . Benzinga projected a 2025 average of $125,027 . Trading Economics was more conservative, forecasting a year-end 2025 average of $107,256 .
Some analysts believe BTC could hit a new all-time high if institutional demand accelerates in the second half of the year . As per Coinpedia's BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains .