This Expert Who Called Bitcoin's Peak Just Made Another Bold 850% Price Prediction

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 the newest BTC price forecasts are.

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 Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term 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.

$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. A technical analysis suggests this continuation pattern could drive Bitcoin toward the $130,000 level if confirmed with a breakout above $109,000 resistance.

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 adoption
• Regulatory Clarity: Favorable policy developments reducing institutional barriers
• Macroeconomic Environment: Potential Fed rate cuts and dollar weakness
• Technical Setup: Bull flag formation and positive OBV divergence
• Supply Dynamics: April 2024 halving Halving Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva Halving represents a phenomenon when crypto mining rewards are cut in half. Cryptocurrency networks that run on Proof-of-Work (PoW) algorithms require the computers (nodes) that uphold them to solve complex equations that are used to confirm transactions. This process is known as mining. In exchange for their work, these nodes are given rewards in the form of the crypto token that belongs to that particular network. For example, on the Bitcoin network, halving happens regularly at preset interva Read this Term 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 FinanceMagnates.com, 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. FinanceMagnates.com 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.

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.