How High Can Bitcoin Go? BTC Price Nears All-Time High

A significant price surge could be on the horizon for Bitcoin (BTC), with analysts projecting potential gains to $122,000 by February

Bitcoin (BTC) price continues to hover above $105,000, as several analysts remain optimistic about the cryptocurrency’s potential to reach new heights in 2025.

Bitcoin price is currently trading at a level that is just 3% lower than BTC’s all-time high (ATH), which was reached on January 20, when Bitcoin price briefly hit $109,356.

While BTC’s price is currently stuck in a consolidation phase (established since November) that ranges between resistance around $106,000 and support at around $92,000, projections for Bitcoin’s value changes in 2025 remain quite optimistic, according to several analysts.

Bitcoin to Hit $122K Next Month – 10x ResearchMarkus Thielen, head of research at 10x Research, points to Bitcoin’s successful retest of its wedge breakout after bouncing from $98,937 to above $107,000. The cryptocurrency has demonstrated a pattern of advancing in $16,000 to $18,000 increments since the approval of spot Bitcoin ETFs.

“Gold and Bitcoin are entering a pivotal moment in the markets,” Thielen commented. “With gold rebounding near its all-time high and Bitcoin continuing to show bullish momentum, macroeconomic factors like easing inflation concerns, broad-based commodity strength in the recent week, and milder-than-expected tariffs are presenting a case for optimism.”

Short-Term #Bitcoin Outlook: Our Target Revealed1-10) #Gold and Bitcoin are entering a pivotal moment in the markets. With gold rebounding near its all-time high and Bitcoin continuing to show bullish momentum, macroeconomic factors like easing inflation concerns,… pic.twitter.com/QTQ8K0Sti0

The current market structure presents what analysts describe as a low-risk, high-reward entry opportunity, with strategic stop-losses possible around the $98,000 mark.

“Following what many see as a lack of crypto initiatives from the US administration in the first few days, Bitcoin price has been resilient and in line with the +/-10% move we anticipated 10-day period,” Pual Howard, director at Wincent, commented for Finance Magnates.

“Bystanders can take price direction from upcoming macroeconomic data and Lunar New Year which are expected to drive some downside risk before we see the asset class gathering momentum into Q2. At a recent dinner hosted by GFO-X, a straw poll indicated a median BTC price target of $150K for year-end.”

Several macroeconomic factors are contributing to the positive outlook: easing inflation concerns, milder-than-expected tariffs, and dovish commentary from the Federal Reserve.

These elements, combined with recent CPI data, have strengthened the bullish case for both Bitcoin and gold, suggesting a potentially pivotal moment in the markets.

Bitcoin’s recent performance has showcased remarkable resilience, particularly in comparison to traditional stock markets. The cryptocurrency’s strong recovery following recent market events has reinforced confidence in its upward trajectory.

Will Bitcoin Reach $200K?The bullish sentiment extends beyond the immediate price target. Market observers suggest that if the current pattern holds, Bitcoin could potentially trade significantly above the $122,000 level before establishing new support levels. This projection is further supported by Keith Alan, co-founder of Material Indicators, who identified a cup-and-handle pattern on Bitcoin's weekly chart supporting the upward trajectory.

In mid-December, VanEck unveiled its latest Bitcoin price prediction, estimating that the cryptocurrency could reach $180,000 by 2025. The firm’s analysis suggests the current crypto bull market will peak in the first quarter of 2025. Alongside Bitcoin’s projected surge, Ethereum is expected to exceed $6,000, while other notable cryptocurrencies like Solana and Sui are forecasted to climb to $500 and $10, respectively, highlighting the anticipated scope of the rally.

“Following this first peak, we anticipate a 30% retracement in BTC, with altcoins facing sharper declines of up to 60% as the market consolidates during the summer,” VanEck’s Matthew Sigel forecasted. “However, a recovery is likely in the fall, with major tokens regaining momentum and reclaiming previous all-time highs by the end of the year.”

An even higher forecast was presented over the past month by Standard Chartered, which claims that Bitcoin will reach $200K by the end of 2025.

„The dominance of institutional inflows to ETFs is likely to support BTC and ETH performance; we see their prices reaching the $200,000 and $10,000 levels by end-2025, respectively,” commented Geoffrey Kendrick