Bitcoin's STH cost basis, MVRV data, and other technical indicators suggest that BTC price is on track toward $117,000 . Analysts suggest a breakout above $109,000-$110,000 could push BTC to fresh all-time highs .
Since January, Bitcoin's price has generally traded in a large range stretching from $78,000 to $110,000 . This is a “well-defined” range marked by the short-term holder (STH) cost basis bands, according to onchain analytics platform Glassnode . STH cost basis refers to the average purchase price of investors who have held Bitcoin for less than 155 days .
The price touched the upper band of this metric in May at $112,000, when it hit its current all-time high . If BTC rises to retest the line, it will likely rise toward $117,000 in the short term . “The upper boundary of the STH cost basis was tested only once in late May and currently stands at $117,113,” the market intelligence firm said in a July 2 post on X, adding: “This level can be seen as the upper band of the short-term price action” .
The market value realized value (MVRV) metric, a metric that measures whether the asset is overvalued or not, suggests that BTC price still has more room for further expansion before the unrealized profit value reaches an extreme level represented by the upper MVRV band around $123,000 .
Meanwhile, popular trader and analyst Rekt Capital shows that Bitcoin is already retesting its...
Bitcoin price predictions of $200,000 by the end of 2025 are becoming increasingly common, as a surge in profitability not only signals growing bullishness but also risk of a correction in the shorter term .
For example, 21st Capital co-founder Sina predicts BTC may hit $130,000 to $200,000 by Q4 2025 based on a power law model . Bitwise Investment said that a falling US Dollar Index fueled by US President Donald Trump's trade policies could push BTC to $200,000 . Bernstein Research said Bitcoin has the potential to reach $200,000 by the end of 2025, backed by increased institutional demand through spot Bitcoin ETFs and BTC treasury companies .
According to the consensus rating from registered Binance Users, the BTC price prediction is forecasted to reach $138,386.74 in the next 5 years .