Bitcoin Price Prediction: New BTC High at $120K–$150K on ETF Boom?
Notwithstanding brief declines, institutional and corporate demand are laying a solid basis for the next breakthrough, keeping Bitcoin close
Quick overview
- Bitcoin remains resilient, trading near all-time highs above $110,000 despite recent market fluctuations.
- Institutional demand, particularly through spot Bitcoin ETFs, has significantly increased, with inflows totaling $49 billion year-to-date.
- Bitcoin's dominance in the market has surged to 64%, indicating a shift of capital from altcoins to Bitcoin as a safer asset.
- The current consolidation phase suggests accumulation, with potential for a breakout targeting $120,000 and beyond.
Live BTC/USD Chart
Notwithstanding brief declines, institutional and corporate demand are laying a solid basis for the next breakthrough, keeping Bitcoin close to record highs.
Bitcoin Remains Elevated Despite Market Wobbles
Bitcoin (BTC) continues to trade near its all-time highs, holding firm above the $110,000 mark even after facing pressure from recent dips and macroeconomic uncertainty. According to data from IntoTheBlock, over 93% of Bitcoin holders remain “in the money,” reflecting broad profitability and strong investor positioning.
Earlier in 2025, BTC experienced a notable retracement, dipping below $100,000. However, firm technical support at the 50-week simple moving average (SMA), around $75,000, helped buyers regain momentum. The price bounced and rallied to a new high above $111,000 in May, pushing Bitcoin’s market capitalization over $2 trillion.
BTC Chart Weekly – Technical Strength Hint at New Highs
Following the May peak, Bitcoin encountered renewed weakness in June as traders navigated geopolitical tensions and regulatory noise. The price fell back below $100,000, testing the 20-week SMA (gray), but strong dip-buying under six figures allowed bulls to retake control.
BTC is now consolidating tightly around $110,000, just beneath overhead resistance. The technical setup indicates that accumulation is ongoing, building pressure for a potential breakout. A decisive move higher could see BTC targeting $120,000 and eventually $150,000 in the coming weeks.
ETFs and Institutions Power Structural Demand
One of the key reasons Bitcoin remains resilient is the enormous influx into spot Bitcoin ETFs. Year-to-date inflows have totaled $49 billion. Leading the pack is BlackRock’s iShares Bitcoin Trust, now managing over $70 billion in assets—surpassing U.S. gold ETFs and underscoring the institutional appetite for Bitcoin.
This demand has helped offset large-scale selling from long-term holders. According to 10x Research, Bitcoin whales have sold around 500,000 BTC (roughly $50 billion) over the past year. However, institutions have bought over 900,000 BTC during the same period, indicating a significant ownership transfer from speculative to long-term structured holders.
Bitcoin Dominance Climbs as Market Seeks Safety
CoinMarketCap data shows Bitcoin’s dominance surged to 64% in 2025, the highest level in years. This rise suggests capital is rotating away from altcoins and into Bitcoin, considered a safer and more liquid asset in times of macro stress.
The increased dominance also reflects Bitcoin’s strengthening role as the reserve asset of the crypto ecosystem, bolstered by institutional inflows and growing use in treasury portfolios.
Corporate Accumulation: BTCT Joins the Big League
In a notable development for corporate adoption, sed Bitcoin Treasury Corporation (TSXV: BTCT) has completed the first phase of its aggressive Bitcoin accumulation strategy. The company recently purchased 478.57 BTC for C$70 million, bringing its total holdings to 771.37 BTC.
BTCT has openly positioned Bitcoin as a core corporate treasury asset, signaling long-term conviction in BTC’s role as a store of value. The company’s strategy is to steadily increase its Bitcoin per share (BPS) metric, currently at 0.0000634 BTC fully diluted, excluding warrants but accounting for convertible debentures. This provides a clear, direct link between shareholder value and Bitcoin ownership, reinforcing the strategic alignment between corporate finance and decentralized assets.
Outlook: A Bullish Setup with More Fuel on the Horizon
With institutional ETF inflows, rising corporate ownership, and firm technical foundations, Bitcoin is well-positioned for another surge. The consolidation beneath resistance appears to be a period of accumulation rather than distribution, suggesting that momentum is building for a renewed push higher.
A breakout past $111K could unlock the next leg toward $120K and beyond. With traders watching macro data and potential Fed rate cuts—plus mounting Bitcoin exposure from public companies like BTCT—the market appears to be gearing up for another powerful move.
Bitcoin Live Chart
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