Bitcoin Surges 30% in Q2 2025, Eyes New All-Time High

As the third quarter of 2025 begins, the cryptocurrency market is maintaining the bullish momentum from the previous quarter. Bitcoin (BTC) has been at the forefront of this trend, gaining nearly 30% in the second quarter and currently hovering around $109,000. Despite a minor pullback today, the overall trend suggests that Bitcoin may be preparing for its next significant move, potentially toward a new all-time high (ATH).

On the 4-hour chart, Bitcoin appears to have broken out of a bullish flag pattern, a continuation pattern typically followed by a substantial upward move. This pattern has been in play since Bitcoin's rejection from its current ATH of $111,991 on May 22. The flag structure has guided BTC through a period of consolidation, with multiple highs and lows forming a downward-sloping channel. A recent strong bounce from the key support near $98,000 propelled Bitcoin to break above the flag’s resistance zone, reaching a local high of $110,530. This breakout caught the attention of technical traders as it came with increased momentum and matched the classic flag breakout playbook.

Currently, BTC is undergoing a retest of the breakout zone, a healthy sign in technical terms. The price has pulled back toward the $109,000 region, with a possible dip to the $108,500 trendline support. If BTC can successfully hold this level and bounce, it would confirm the breakout and set the stage for a major rally. If Bitcoin bounces from the $108,500 support zone, this would complete a textbook retest and signal strength for the bulls. In that case, BTC could begin targeting a new all-time high, with the technical breakout target estimated around $146,000 — a significant 33% upside from current levels. However, if BTC fails to hold this key support and falls back into the flag pattern, it could delay the bullish breakout scenario and lead to more consolidation.

Bitcoin has recently shown signs of a bullish breakout, with multiple technical indicators suggesting a significant upward movement. The cryptocurrency's price surged on Wednesday, indicating a potential new all-time high (ATH). Analysts are closely monitoring the situation, with some predicting that Bitcoin could reach as high as $137,000. This optimism is further supported by the fact that Bitcoin has returned above $107,000, despite recent spot ETF outflows. The increasing bullish momentum is not limited to Bitcoin; Ethereum is also showing signs of a bullish reversal, targeting new highs. The main breakout level for starting a new bullish trend in dominance is at 65.97, according to analysts. This level is crucial as it could signal the beginning of a new upward trend for Bitcoin. As the cryptocurrency surpasses $85,000, predictions from seasoned analysts are shaping the market, with some suggesting that Bitcoin has a 75% chance of reaching a new ATH. A bullish MACD crossover would add confidence for upside continuation, and the $3.35 trillion breakout level is being closely watched as it could be the catalyst for a new leg higher.

Despite Bitcoin's impressive 50% rise this year, the past six months have been challenging for investors. However, the current bullish momentum and technical indicators suggest that a new bullish run could be on the horizon. The anticipated ETF launch might unlock opportunities within the DeFi space, further driving the upward trend. While other cryptocurrencies like Solana and XRP are also showing potential for new highs, the focus remains on Bitcoin as it continues to lead the market.