Bitcoin climbs past $105K amid strong investor inflows and easing global tensions. Analysts forecast new highs, with potential for $200K by end of 2025.
Bitcoin is edging closer to a fresh all-time high after surging more than 10% in recent days, sparking predictions of a record-breaking rally later this year.
The leading cryptocurrency crossed $105,000 on Monday—just $4,000 shy of its peak from January 2025. The recent price spike has been fueled by strong inflows from institutional investors, growing regulatory support, and improving sentiment among retail traders.
With several bullish factors converging, some analysts are forecasting a “parabolic” climb in the coming months.
“I truly understood bitcoin in 2011–2012, and the bull case has never been stronger,” said former PayPal president David Marcus in a post on X. “Banks can now custody BTC, sovereign nations and corporations are racing to acquire it, and the utility phase of TCP/IP for money is accelerating. Buckle up.”
Standard Chartered’s head of crypto research, Geoff Kendrick, recently raised his near-term forecast for bitcoin to $120,000 by the end of June—reaffirming his long-standing year-end target of $200,000.
“While timing bitcoin’s sharp moves is always tricky, we believe that a strategic reallocation away from U.S. assets could trigger another leg up,” Kendrick noted in an April research note. “If that plays out, we expect a new all-time high in Q2, with continued gains through the summer.”
Bitcoin isn’t alone in its recent rally. Other major cryptocurrencies have also seen major upward moves—Ethereum and Dogecoin have both added about 40% to their value over the past week.
The wider crypto market is benefiting from improved macroeconomic conditions, including a significant US–UK trade agreement and signs of easing tensions in the US–China trade conflict. These developments have boosted investor appetite for risk assets like cryptocurrencies, which typically suffer during periods of global uncertainty.
Analysts suggest bitcoin’s momentum could push it past its previous high as soon as this week, with the next technical resistance level at around $107,000.
“The healthy correction from late January to early April created a strong foundation for renewed growth,” said Alex Kuptsikevich, senior market analyst at FxPro. “Given the positive momentum in equities, we wouldn’t be surprised if bitcoin sets a new record this week.”
However, $100,000 remains a critical support level. Should bitcoin dip below that mark, it could trigger a broader market pullback, potentially sending prices back toward its 50-day moving average below $90,000.
