Quick overview

Live BTC/USD Chart

---

Bitcoin (BTC) surpassed its previous peak set on May 22, 2025, to reach a new all-time high of $112K.

The milestone signals the start of what many analysts are referring to as a new crypto bull market, driven by a rebound in retail demand and growing institutional interest. Institutional interest in cryptocurrency assets has been increasing weekly over the last few weeks.

Bitcoin had a rough start to 2025, plunging more than 30% and hitting a low of $74,500 in April. But since then, Bitcoin has recovered remarkably well. Bitcoin fell to $98,200 after hitting a new all-time high of $111,980 in May. In June, the price of Bitcoin began to rise, and today it hit a new all-time high of $112,000.
Bitcoin is incredibly bullish based on its wave count analysis.

Bitcoin appears to be in the fifth and last wave of its upward trend, which began in December 2022, according to the count. The sub-wave and minor sub-wave counts are in orange and black, respectively, following the extension of wave five.

An extension is the most likely pattern for the final wave’s development, given that the increase is parabolic, though there are many others, such as an expanding or contracting diagonal. Giving wave five the same length as waves one and three combined yields the first target for the upward movement, which is $237,185. The bullish prediction is in line with Bitcoin’s short-term outlook