Bitcoin News Today: Bitcoin's $110K Floor Paves Bullish Path to $150K: Analysts

Bitcoiners can up their price targets with new $110K bottom: Analyst

Bitcoin's price trajectory has shifted significantly, with analysts redefining expectations for 2025 after the cryptocurrency established $110,000 as a critical support level. James Check, a prominent Bitcoin analyst, argues that this level has become a "floor" rather than a ceiling, signaling a structural shift in market dynamics. "We've proven a trillion in 2024 and $2 trillion in 2025," Check stated in an interview published on YouTube, emphasizing that Bitcoin's market capitalization of $2.42 trillion has created a robust base for further gains. With 60% of all Bitcoin investments occurring above $95,000, the asset's distribution suggests limited selling pressure below this threshold, reinforcing the argument for higher price targets.

The revised outlook has prompted analysts to project more aggressive price targets. Check suggested $150,000 as a logical next step, aligning with a $3 trillion market cap. This projection is supported by other industry figures, including Capriole Investments founder Charles Edwards, who anticipates a "very quick" move to $150,000 if Bitcoin reclaims the $120,000 psychological level. Galaxy Digital's Alex Thorn, meanwhile, forecasts $150,000 in 2025, with potential for a climb to $185,000. These targets reflect a consensus that Bitcoin's bull cycle is gaining momentum, driven by sustained institutional demand and macroeconomic tailwinds.

Key drivers of the bullish sentiment include record inflows into U.S. spot Bitcoin ETFs and a weakening U.S. dollar. ETFs have seen weekly inflows exceeding $3 billion, with BlackRock's IBIT alone attracting $970 million in a single day. Institutional accumulation, particularly by firms like MicroStrategy, has further stabilized the market, with the latter adding 2,530 BTC to its holdings in recent months. The U.S. Dollar Index (DXY), which measures the greenback against a basket of currencies, has fallen over 12% since the start of 2025, pushing investors toward alternative assets like Bitcoin as a hedge against inflation and currency devaluation.

Technical analysis also supports the case for higher prices. Bitcoin's price has demonstrated resilience near $120,000, with analysts noting strong on-chain metrics such as declining exchange reserves and robust accumulation by long-term holders. The recent breakout above $125,000-a level previously seen as a resistance-has been attributed to a combination of institutional buying, ETF demand, and safe-haven flows. "Bitcoin's adherence to key technical indicators, such as the 52-week simple moving average and logarithmic growth curve, suggests a continuation of its upward trend," noted analysts at TradingNews.

However, short-term volatility remains a risk. A failed attempt to break above $110,000 in October 2025 highlighted the need for sustained institutional support to avoid a retest of lower levels. Analysts like Michaël van de Poppe caution that a pullback to $119,500–$120,000 could provide an opportunity for long-term investors, but a drop below $115,000 might signal a broader correction. The market is also closely watching Federal Reserve policy, as delayed rate cuts or hawkish surprises could dampen risk-on sentiment.

The broader macroeconomic landscape, including the U.S. government shutdown in October 2025, has further reinforced Bitcoin's appeal as a decentralized store of value. Jeff Mei of BTSE noted that geopolitical and monetary uncertainties have driven investors to diversify away from traditional assets. This trend aligns with historical patterns, where Bitcoin has historically surged during periods of dollar weakness and systemic risk.

While forecasts vary, the consensus among analysts is that Bitcoin's next major target is $150,000, with some predicting a potential ascent to $250,000 by year-end under favorable conditions. These projections hinge on continued ETF inflows, a dovish Fed stance, and sustained institutional adoption. As the market navigates these dynamics, the $110,000 level remains a critical psychological and technical anchor, underscoring the asset's growing role in the global financial ecosystem.

Source: [1] Cointelegraph (https://www.tradingview.com/news/cointelegraph:405b607d8094b:0-bitcoiners-can-up-their-price-targets-with-new-110k-bottom-analyst/) [2] TradingNews (https://www.tradingnews.com/news/bitcoin-nears-critical-level-110k-next) [3] Elevenews (https://elevenews.com/2025/06/14/bitcoin-stalls-below-110000-whats-next-for-the-worlds-leading-crypto/) [4] CoinPedia (https://coinpedia.org/price-analysis/bitcoin-hits-125k-analysts-weigh-in-on-what-comes-next-for-the-crypto-market/) [5] CNBC (https://www.cnbc.com/2024/12/31/bitcoin-btc-price-predictions-for-2025.html?msockid=2b2dd455d4606df11010c2d4d59f6cd2) [6] FXLeaders (https://www.fxleaders.com/news/2025/10/06/bitcoin-surges-amid-dollar-weakness-technical-analysis-points-to-150k-target/) [7] CoinTelegraph (https://cointelegraph.com/news/bitcoin-eyes-big-weeks-ahead-all-time-high) [8] The Currency Analytics (https://thecurrencyanalytics.com/altcoins/bitcoin-set-to-blast-through-150k-as-analysts-predict-next-major-rally-202893)