Bitcoin (BTC)
price today reflects a market in consolidation, with the world’s largest
cryptocurrency trading near $106,000 as of Thursday, June 20, 2025. The Bitcoin
price has shown resilience throughout 2025, gaining approximately 13.5%
year-to-date despite recent sideways movement.
Current
market conditions suggest investors are positioning for the next significant
price movement, with technical analysis pointing toward potential upside
catalysts. What is more, Mike Novogratz predicts, that Bitcoin price may reach $1,000,000
relatively soon.
Let’s check
what’s the current Bitcoin price today, what the technical analysis shows and
what are the newest BTC price forecasts.
Bitcoin Price Today Stays
Under $106,000
Bitcoin
price today stands at approximately $106,000 according to CoinMarketCap,
representing a 1% upward move compared to last 24 hours. The cryptocurrency has
maintained trading levels above the psychologically important $100,000
threshold, demonstrating strong institutional support at these elevated price
levels.
Recent
price action shows Bitcoin has been consolidating within a $102,000 to $112,000
range since May 2025, following a peak near $112,000 that marked a new all-time
high. This consolidation phase has lasted approximately one month, with trading
volumes declining by 9% as market participants adopt a cautious stance.
The BTC
price has demonstrated significant year-over-year growth, rising 61% from $65,000
one year ago. This substantial appreciation reflects the continued
institutional adoption and regulatory clarity that has characterized the 2025
market cycle.
BTC/USDT price today. Source: Tradingview.com
$135K per Bitcoin by
Summer: How High Can BTC Price Go?
On-Balance Volume Signals
Accumulation
Technical
indicators suggest underlying strength despite the recent price consolidation.
The on-balance volume (OBV) indicator has continued trending upward even as
Bitcoin price remains range-bound, signaling hidden accumulation by
institutional investors.
Market
analyst Cas Abbé notes that this OBV divergence mirrors a similar pattern from
March-April 2025, which preceded a 57% Bitcoin rally from the $76,000-$84,000
range to over $110,000. This historical precedent supports Bitcoin price
prediction models targeting $130,000-$135,000 by Q3 2025.
“If OBV
continues to go up, BTC will eventually break out of its consolidation range,”
the analyst commented on X. “I’m still convinced that $130K-$135K BTC will
happen in Q3 2025.”
Bitcoin OBV is still in an uptrend.$BTC price is consolidating, but On-Balance Volume (OBV) is still making higher highs.
For those who don’t know, rising OBV indicates buying pressure.
If OBV continues to go up, BTC will eventually break out of its consolidation range.
I’m… pic.twitter.com/ikD7FeJb2T
— Cas Abbé (@cas_abbe) June 18, 2025
Bull Flag Formation Points
to Breakout
Bitcoin
appears to be forming a classic bull flag pattern on daily charts, with the
flagpole established during the surge to $112,000 in May, followed by the
current consolidation phase forming the flag component. Technical analysis
suggests this continuation pattern could drive Bitcoin toward the $130,000
level if confirmed with a breakout above $109,000 resistance.
BTC price technical analysis with the bull flag pattern. Source: Tradingview.com
Key
technical levels include:
Support: $103,600 (immediate), $100,000
(psychological)Resistance: $109,000 (breakout level),
$112,000 (recent high)Critical
Support:
$90,000-$92,000 (200-day EMA confluence)
Based on my
technical analysis, if Bitcoin manages to break out of the current bearishly
sloped regression channel, we could see a new all-time high and a further
increase of several dozen percent.
Mike Novogratz’s Bitcoin
Price Prediction Support Higher Targets
Galaxy
Digital CEO Mike Novogratz has articulated a long-term Bitcoin price prediction
of $1 million, citing two primary catalysts: increased adoption through
“orange pilling” of institutional leaders and macroeconomic factors
including government spending and dollar debasement. Novogratz specifically
highlighted the conversion of BlackRock’s Larry Fink as a significant
institutional adoption milestone.
“Adoption and the macro backdrop” are the two metrics that move the price of $BTC, according to @galaxyhq CEO @novogratz.
He believes kids will be into bitcoin because they “like digital stuff,” adding that when money gets passed down to the next generation, “they’re going to… pic.twitter.com/IYPQWm4o6d
— Schwab Network (@SchwabNetwork) June 16, 2025
The wealth
transfer from baby boomers to younger generations represents another structural
tailwind, as Novogratz notes that younger investors prefer digital assets over
traditional stores of value like gold.
“And so how
do I think Bitcoin can go to a million? Well, gold is roughly a $20 trillion
asset, and Bitcoin is roughly a $2 trillion asset. We had Warren Buffett
retire. Charlie Munger passed away. They didn’t like Bitcoin. They’re not
Bitcoin people, but I bet you their grandkids are right. Kids like digital
stuff. And as we have this wealth transfer from baby boomers, who are all, rest
their souls, going to slowly pass away and that money gets passed down, they’re
going to be more willing to buy Bitcoin than gold,” Novogratz commented.
With gold
representing a $20 trillion market compared to Bitcoin’s $2 trillion market
capitalization, significant upside potential exists if Bitcoin captures even a
portion of gold’s market share.
It’s worth
noting that Novogratz has previously shown a strong sense for Bitcoin’s upward
moves. In 2017, he suggested that the price could rise to $10,000 within 3 to 6
months, implying gains of several hundred percent. As we know, Bitcoin not only
met that target but surpassed it, soaring to nearly $20,000 that same year.
You may also like: Kiyosaki Predicts Bitcoin at $1 Million by 2030 as Economic Crisis Looms. How High Can BTC Price Go?
Why Will Bitcoin Go Up?
Several
factors support the bullish case for Bitcoin price appreciation:
Institutional
Adoption: Continued
ETF inflows and corporate treasury adoptionRegulatory
Clarity: Favorable
policy developments reducing institutional barriersMacroeconomic Environment: Potential Fed rate
cuts and dollar weaknessTechnical
Setup: Bull flag
formation and positive OBV divergenceSupply
Dynamics: April
2024 halving effects continuing to constrain new supply
ETF Flows and
Institutional Interest
The
approval and success of spot Bitcoin ETFs continues to drive institutional
adoption, with billions in inflows supporting current price levels. BlackRock’s
iShares Bitcoin Trust alone has experienced significant inflows of
approximately $81 million, despite broader market outflows of $132 million
through early June.
Institutional
portfolio allocations to Bitcoin have reached unprecedented levels, with
surveys indicating 59% of institutional investors now dedicate at least 10% of
their portfolios to digital assets. This represents a fundamental shift from
speculative positioning to strategic, long-term integration of Bitcoin as a
core portfolio component.
U.S. Stablecoin
Legislation Progress
The U.S.
Senate’s passage of the GENIUS Act on June 17, 2025, with a 68-30 vote,
represents a watershed moment for cryptocurrency regulation. This stablecoin
regulatory framework could indirectly benefit Bitcoin by providing broader
regulatory clarity for the digital asset ecosystem.
The GENIUS Act has passed the Senate.
— Senator Cynthia Lummis (@SenLummis) June 17, 2025
The
legislation requires stablecoins to be backed by liquid assets and mandates
monthly public disclosure of reserve compositions. Industry experts view this
as potentially driving Bitcoin adoption as regulatory clarity reduces
institutional hesitation around digital asset investments.
SEC Policy Shifts
The
Securities and Exchange Commission’s establishment of a Crypto Task Force in
February 2025 marked a significant policy shift toward collaboration rather
than enforcement-first tactics. The Task Force’s 10-point plan addresses key
issues including token offerings, custody, staking, and broker-dealer rules,
providing clearer operational guidelines for market participants.
The
dismissal of the civil enforcement action against Coinbase on February 27,
2025, further signals the SEC’s more accommodative stance toward established
cryptocurrency platforms.
Federal Reserve Policy
Impact
Current
market conditions reflect a “wait and see” approach from the Federal
Reserve, with officials maintaining interest rates while monitoring inflation
trends. CME Group’s FedWatch Tool indicates markets favor a rate cut in
September, which could provide additional tailwinds for Bitcoin and other risk
assets.
Trading
firm QCP Capital identifies upcoming trade war deadlines as potential
volatility catalysts, including EU retaliatory tariffs on July 14 and the
expiration of China tariff pauses on August 12. These geopolitical developments
could drive episodic volatility in risk assets, including Bitcoin.
Bitcoin Short-Term Price
Outlook
For early
July, the outlook skews bullish if current support zones hold. Analysts at
Bitfinex, quoted by Finance Magnates, anticipate that a continuation of ETF
inflows and institutional buying could lift Bitcoin toward the $115,000 range.
The $111,000–$112,000 region is seen as a near-term resistance zone, and a
strong breakout above it could open the door to a move toward $125,000–$140,000
by the end of July. This extended forecast, while optimistic, is conditional on
persistent investor demand and favorable macro trends.
However,
the downside cannot be ignored. If Bitcoin fails to maintain support at
$105,000—especially in the face of reduced ETF activity or
stronger-than-expected U.S. labor market data—the price could fall back to
$100,000 or even test deeper supports near $94,000. Finance Magnates emphasizes
the need to closely monitor trading volume and broader economic indicators, as
they will likely dictate whether bullish momentum can be sustained into August.
Period
Bullish
Scenario
Bearish
Scenario
Late June
Holds above $105K and breaks $108K
→ bullish setup
Breaks below $103K → decline
toward $100K–$102K
Early July
ETF momentum → rise toward $115K
Weak volume → consolidation below
$110K
Late July
Breakout above $112K → target
$125K–$140K
Breakdown below $105K → risk
revisiting $94K
Will Bitcoin Reach $1
Million?
Bitcoin
price analysis reveals a market in consolidation at historically elevated
levels, with technical indicators suggesting potential for significant upside
movement. The combination of institutional adoption, regulatory clarity, and
favorable technical patterns supports analyst predictions of how high can
Bitcoin go reaching $130,000-$135,000 by Q3 2025.
Current
market conditions reflect a maturing asset class with reduced volatility and
increased institutional participation. While short-term price movements remain
subject to various catalysts including Federal Reserve policy and geopolitical
developments, the long-term outlook remains constructive based on fundamental
adoption trends and technical analysis.
Investors
should monitor key resistance levels around $109,000 for confirmation of the
bull flag breakout, while maintaining awareness of support levels at $103,600
and the critical $100,000 psychological threshold. The convergence of
institutional adoption, regulatory progress, and technical indicators suggests
Bitcoin price may be positioned for its next significant upward movement in the
coming months.
Bitcoin (BTC)
price today reflects a market in consolidation, with the world’s largest
cryptocurrency trading near $106,000 as of Thursday, June 20, 2025. The Bitcoin
price has shown resilience throughout 2025, gaining approximately 13.5%
year-to-date despite recent sideways movement.
Current
market conditions suggest investors are positioning for the next significant
price movement, with technical analysis pointing toward potential upside
catalysts. What is more, Mike Novogratz predicts, that Bitcoin price may reach $1,000,000
relatively soon.
Let’s check
what’s the current Bitcoin price today, what the technical analysis shows and
what are the newest BTC price forecasts.
Bitcoin Price Today Stays
Under $106,000
Bitcoin
price today stands at approximately $106,000 according to CoinMarketCap,
representing a 1% upward move compared to last 24 hours. The cryptocurrency has
maintained trading levels above the psychologically important $100,000
threshold, demonstrating strong institutional support at these elevated price
levels.
Recent
price action shows Bitcoin has been consolidating within a $102,000 to $112,000
range since May 2025, following a peak near $112,000 that marked a new all-time
high. This consolidation phase has lasted approximately one month, with trading
volumes declining by 9% as market participants adopt a cautious stance.
The BTC
price has demonstrated significant year-over-year growth, rising 61% from $65,000
one year ago. This substantial appreciation reflects the continued
institutional adoption and regulatory clarity that has characterized the 2025
market cycle.
BTC/USDT price today. Source: Tradingview.com
$135K per Bitcoin by
Summer: How High Can BTC Price Go?
On-Balance Volume Signals
Accumulation
Technical
indicators suggest underlying strength despite the recent price consolidation.
The on-balance volume (OBV) indicator has continued trending upward even as
Bitcoin price remains range-bound, signaling hidden accumulation by
institutional investors.
Market
analyst Cas Abbé notes that this OBV divergence mirrors a similar pattern from
March-April 2025, which preceded a 57% Bitcoin rally from the $76,000-$84,000
range to over $110,000. This historical precedent supports Bitcoin price
prediction models targeting $130,000-$135,000 by Q3 2025.
“If OBV
continues to go up, BTC will eventually break out of its consolidation range,”
the analyst commented on X. “I’m still convinced that $130K-$135K BTC will
happen in Q3 2025.”
Bitcoin OBV is still in an uptrend.$BTC price is consolidating, but On-Balance Volume (OBV) is still making higher highs.
For those who don’t know, rising OBV indicates buying pressure.
If OBV continues to go up, BTC will eventually break out of its consolidation range.
I’m… pic.twitter.com/ikD7FeJb2T
— Cas Abbé (@cas_abbe) June 18, 2025
Bull Flag Formation Points
to Breakout
Bitcoin
appears to be forming a classic bull flag pattern on daily charts, with the
flagpole established during the surge to $112,000 in May, followed by the
current consolidation phase forming the flag component. Technical analysis
suggests this continuation pattern could drive Bitcoin toward the $130,000
level if confirmed with a breakout above $109,000 resistance.
BTC price technical analysis with the bull flag pattern. Source: Tradingview.com
Key
technical levels include:
Support: $103,600 (immediate), $100,000
(psychological)Resistance: $109,000 (breakout level),
$112,000 (recent high)Critical
Support:
$90,000-$92,000 (200-day EMA confluence)
Based on my
technical analysis, if Bitcoin manages to break out of the current bearishly
sloped regression channel, we could see a new all-time high and a further
increase of several dozen percent.
Mike Novogratz’s Bitcoin
Price Prediction Support Higher Targets
Galaxy
Digital CEO Mike Novogratz has articulated a long-term Bitcoin price prediction
of $1 million, citing two primary catalysts: increased adoption through
“orange pilling” of institutional leaders and macroeconomic factors
including government spending and dollar debasement. Novogratz specifically
highlighted the conversion of BlackRock’s Larry Fink as a significant
institutional adoption milestone.
“Adoption and the macro backdrop” are the two metrics that move the price of $BTC, according to @galaxyhq CEO @novogratz.
He believes kids will be into bitcoin because they “like digital stuff,” adding that when money gets passed down to the next generation, “they’re going to… pic.twitter.com/IYPQWm4o6d
— Schwab Network (@SchwabNetwork) June 16, 2025
The wealth
transfer from baby boomers to younger generations represents another structural
tailwind, as Novogratz notes that younger investors prefer digital assets over
traditional stores of value like gold.
“And so how
do I think Bitcoin can go to a million? Well, gold is roughly a $20 trillion
asset, and Bitcoin is roughly a $2 trillion asset. We had Warren Buffett
retire. Charlie Munger passed away. They didn’t like Bitcoin. They’re not
Bitcoin people, but I bet you their grandkids are right. Kids like digital
stuff. And as we have this wealth transfer from baby boomers, who are all, rest
their souls, going to slowly pass away and that money gets passed down, they’re
going to be more willing to buy Bitcoin than gold,” Novogratz commented.
With gold
representing a $20 trillion market compared to Bitcoin’s $2 trillion market
capitalization, significant upside potential exists if Bitcoin captures even a
portion of gold’s market share.
It’s worth
noting that Novogratz has previously shown a strong sense for Bitcoin’s upward
moves. In 2017, he suggested that the price could rise to $10,000 within 3 to 6
months, implying gains of several hundred percent. As we know, Bitcoin not only
met that target but surpassed it, soaring to nearly $20,000 that same year.
You may also like: Kiyosaki Predicts Bitcoin at $1 Million by 2030 as Economic Crisis Looms. How High Can BTC Price Go?
Why Will Bitcoin Go Up?
Several
factors support the bullish case for Bitcoin price appreciation:
Institutional
Adoption: Continued
ETF inflows and corporate treasury adoptionRegulatory
Clarity: Favorable
policy developments reducing institutional barriersMacroeconomic Environment: Potential Fed rate
cuts and dollar weaknessTechnical
Setup: Bull flag
formation and positive OBV divergenceSupply
Dynamics: April
2024 halving effects continuing to constrain new supply
ETF Flows and
Institutional Interest
The
approval and success of spot Bitcoin ETFs continues to drive institutional
adoption, with billions in inflows supporting current price levels. BlackRock’s
iShares Bitcoin Trust alone has experienced significant inflows of
approximately $81 million, despite broader market outflows of $132 million
through early June.
Institutional
portfolio allocations to Bitcoin have reached unprecedented levels, with
surveys indicating 59% of institutional investors now dedicate at least 10% of
their portfolios to digital assets. This represents a fundamental shift from
speculative positioning to strategic, long-term integration of Bitcoin as a
core portfolio component.
U.S. Stablecoin
Legislation Progress
The U.S.
Senate’s passage of the GENIUS Act on June 17, 2025, with a 68-30 vote,
represents a watershed moment for cryptocurrency regulation. This stablecoin
regulatory framework could indirectly benefit Bitcoin by providing broader
regulatory clarity for the digital asset ecosystem.
The GENIUS Act has passed the Senate.
— Senator Cynthia Lummis (@SenLummis) June 17, 2025
The
legislation requires stablecoins to be backed by liquid assets and mandates
monthly public disclosure of reserve compositions. Industry experts view this
as potentially driving Bitcoin adoption as regulatory clarity reduces
institutional hesitation around digital asset investments.
SEC Policy Shifts
The
Securities and Exchange Commission’s establishment of a Crypto Task Force in
February 2025 marked a significant policy shift toward collaboration rather
than enforcement-first tactics. The Task Force’s 10-point plan addresses key
issues including token offerings, custody, staking, and broker-dealer rules,
providing clearer operational guidelines for market participants.
The
dismissal of the civil enforcement action against Coinbase on February 27,
2025, further signals the SEC’s more accommodative stance toward established
cryptocurrency platforms.
Federal Reserve Policy
Impact
Current
market conditions reflect a “wait and see” approach from the Federal
Reserve, with officials maintaining interest rates while monitoring inflation
trends. CME Group’s FedWatch Tool indicates markets favor a rate cut in
September, which could provide additional tailwinds for Bitcoin and other risk
assets.
Trading
firm QCP Capital identifies upcoming trade war deadlines as potential
volatility catalysts, including EU retaliatory tariffs on July 14 and the
expiration of China tariff pauses on August 12. These geopolitical developments
could drive episodic volatility in risk assets, including Bitcoin.
Bitcoin Short-Term Price
Outlook
For early
July, the outlook skews bullish if current support zones hold. Analysts at
Bitfinex, quoted by Finance Magnates, anticipate that a continuation of ETF
inflows and institutional buying could lift Bitcoin toward the $115,000 range.
The $111,000–$112,000 region is seen as a near-term resistance zone, and a
strong breakout above it could open the door to a move toward $125,000–$140,000
by the end of July. This extended forecast, while optimistic, is conditional on
persistent investor demand and favorable macro trends.
However,
the downside cannot be ignored. If Bitcoin fails to maintain support at
$105,000—especially in the face of reduced ETF activity or
stronger-than-expected U.S. labor market data—the price could fall back to
$100,000 or even test deeper supports near $94,000. Finance Magnates emphasizes
the need to closely monitor trading volume and broader economic indicators, as
they will likely dictate whether bullish momentum can be sustained into August.
Period
Bullish
Scenario
Bearish
Scenario
Late June
Holds above $105K and breaks $108K
→ bullish setup
Breaks below $103K → decline
toward $100K–$102K
Early July
ETF momentum → rise toward $115K
Weak volume → consolidation below
$110K
Late July
Breakout above $112K → target
$125K–$140K
Breakdown below $105K → risk
revisiting $94K
Will Bitcoin Reach $1
Million?
Bitcoin
price analysis reveals a market in consolidation at historically elevated
levels, with technical indicators suggesting potential for significant upside
movement. The combination of institutional adoption, regulatory clarity, and
favorable technical patterns supports analyst predictions of how high can
Bitcoin go reaching $130,000-$135,000 by Q3 2025.
Current
market conditions reflect a maturing asset class with reduced volatility and
increased institutional participation. While short-term price movements remain
subject to various catalysts including Federal Reserve policy and geopolitical
developments, the long-term outlook remains constructive based on fundamental
adoption trends and technical analysis.
Investors
should monitor key resistance levels around $109,000 for confirmation of the
bull flag breakout, while maintaining awareness of support levels at $103,600
and the critical $100,000 psychological threshold. The convergence of
institutional adoption, regulatory progress, and technical indicators suggests
Bitcoin price may be positioned for its next significant upward movement in the
coming months.
