Cryptocurrency
Here’s Why Bitcoin (BTC) May Hit Another ATH This Year: Analysts

TL;DR
- Bitcoin’s price has dropped over 8% in the past two weeks to around $65,200, but analysts expect a rebound to $72,000-$74,000 and potentially above $100,000 by late 2024.
- High BTC open interest and negative exchange netflow suggest increased volatility and a potential bull run.
BTC’s Next Possible Move
The leading cryptocurrency in terms of market capitalization has underperformed as of late, with its price dipping by over 8% in the past two weeks. Currently, it trades at around $65,200 (per CoinGecko’s data), a 12% decline from the all-time high registered in mid-March this year.
Nonetheless, prominent industry participants and analysts expect a rebound in the near future. One example is Crypto Rover (an X user with almost 800,000 followers), who thinks BTC has “bottomed” and is now poised to spike to $72,000-$74,000.
Recall that the asset’s price tumbled to as low as $64,000 on June 18 but recovered some of the losses the following day.
Titan of Crypto chipped in, too, envisioning a potential rally above the $100,000 milestone before the end of 2024. The analyst based their forecast on the BTC halving, which took place in April this year.
#Bitcoin It’s about time. ⌛️🚀
After the halving #BTC takes a few months before pulverizing its previous ATH.
This time is no different.
Patience my friends. pic.twitter.com/cx26164J0D
— Titan of Crypto (@Washigorira) June 18, 2024
The halving occurs every four years and slashes in half the daily issuance of new assets. Historically, it has been followed by a massive BTC price rally and a resurgence of the entire cryptocurrency market.
For his part, Ali Martinez argued that BTC might yet reach its cycle top, assuming it mirrors its performance in past bull runs. The analyst believes the price might peak around December 2024 or by October 2025.
Taking a Closer Look at Some Major Indicators
Important on-chain metrics such as BTC open interest and exchange netflow signal increased volatility in the future and a possible bull run. Bitcoin open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled yet.
The metric’s rise generally indicates that fresh capital is flowing into the ecosystem, suggesting that traders are either opening new positions or adding to their existing ones. However, it can also signal the opening of new short positions, which could result in a price decline due to the increased selling pressure.
BTC open interest hit an all-time high at the start of June. Despite the retreat in the following days, the indicator is still not so far from its peak level (according to CryptoQuant’s data).
For its part, BTC exchange netflow has been predominantly negative in the last week, suggesting a shift from centralized platforms toward self-custody methods. This is considered bullish since it reduces the immediate selling pressure.
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Cryptocurrency
Bitcoin (BTC) Hits a New ATH, But It’s Not What You Think

TL;DR
- One important BTC metric reached a new all-time high, highlighting strong adoption and optimism across investors.
- Analysts see potential for BTC to hit nearly $120K, but with RSI nearing 70, a short-term correction could be looming.
Not the Peak the Bulls Expected
Despite the retreat after hitting a new historical peak of almost $112,000 on May 22, Bitcoin’s (BTC) price has been booming in the past several months. Currently, it is worth just over $107,000, representing a 53% increase on a yearly basis.
The bull run coincides with the rising number of BTC holders, which, according to the crypto analytics platform, reached a new all-time high of 55.39 million. The development can be interpreted as an optimistic sign, as it indicates growing adoption and higher demand for the primary cryptocurrency.
As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:
Ethereum $ETH: 148.38M Holders
Bitcoin $BTC: 55.39M Holders
Dogecoin $DOGE: 7.97M Holders
Tether… pic.twitter.com/wKBXHV0BrF— Santiment (@santimentfeed) June 6, 2025
Bitcoin Price Targets
We mentioned BTC’s price rally witnessed in the last months, and now let’s see if there’s more room for growth, at least according to some popular analysts.
The X user Captain Faibik recently claimed that the valuation could surge to a new all-time high of over $113,000 should it break the resistance level of $105,700.
CryptoBullet chipped in, too. They noted BTC’s recent resurgence above $107,000, suggesting that the price “is ready to go higher” and set a target of $119,000.
On the other hand, investors should keep an eye on Bitcoin’s Relative Strength Index, which neared overbought territory at almost 70. This signals that the asset’s valuation has increased too rapidly over a short period, which could be a precursor to a correction.
Conversely, ratios below 30 are considered bullish, indicating that the price may be headed for a rally.
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Cryptocurrency
Bitcoin (BTC) Price Soars Above $107K as US and China Resume Trade Talks in London

Bitcoin’s price has taken off in Europe’s afternoon trading session, pushing above $107,000 at the time of this writing.
The cryptocurrency was trading below $106,000 throughout the morning session but the bulls took control and pushed the price up, liquidating around $60 million worth of short positions in the past four hours alone.
As CryptoPotato reported on X, this coincided with another whale betting big on BTC on the popular decentralized exchange – Hyperliquid. The entity deposited over $5 million in USDC and instantly opened a long position with 20x leverage.
Whale alert: A new wallet just dropped $5.5M in $USDC into HyperLiquid and instantly aped into a $53.6M $BTC long at 20x leverage.
Address: 0x1f25…F925
Let the games begin. pic.twitter.com/yLDqGWNBmb
— CryptoPotato Official (@Crypto_Potato) June 9, 2025
Of course, this probably doesn’t have much to do with the recent increase, which is likely connected to renewed expectations of a positive resolution between the US and China on tariffs.
The delegations of both countries have arrived in London and are about to commence talks to stabilize the fragile trade truce, according to Walter Bloomberg on X. The US team is led by Treasury Secretary Scott Bessent, while the Chinese delegation is led by the Vice Premier He Lifeng.
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Cryptocurrency
World Governments Are Issuing More Debt Than Ever, Will Bitcoin Benefit?

“World governments are issuing more debt than ever,” commented the Kobeissi Letter over the weekend.
Global sovereign bond issuances hit a record $18 trillion last year, and $16 trillion of that debt was issued by developed countries.
Additionally, global government bond issuance has nearly doubled since 2019 on an unsustainable debt trajectory, it noted.
“Historically high public spending on social programs and defense, new tax and spending policies, as well as elevated interest rates, have been behind this massive surge.”
World governments are issuing more debt than ever:
Global sovereign bond issuances hit a record ~$18 TRILLION in 2024.
~$16 trillion of debt was issued by developed countries, and ~$2 trillion by emerging market economies.
World government bond issuance has nearly DOUBLED… pic.twitter.com/X0QxXwtdIo
— The Kobeissi Letter (@KobeissiLetter) June 7, 2025
More Debt More Bonds
Government bonds are a way for nations to raise money by issuing interest-earning debt securities to finance public spending.
As debt surges, more of it needs to be refinanced, which means more bond buyers are needed, which puts pressure on the bond markets.
On June 6, the Financial Times reported that investor demand for long-term government debt is weakening, as evidenced by recent auctions of 20-year bonds in Japan and the US, which were poorly received, triggering sharp price drops and rising yields.
Prominent investors such as BlackRock’s Larry Fink and billionaire hedge fund manager Ray Dalio warned of unsustainable deficits, especially in the US, which is considering a $2.4 trillion debt increase, prompting fears of a path to insolvency.
Long-term bond yields serve as benchmarks for corporate debt, and higher yields will raise borrowing costs for businesses, risking growth. Additionally, a debt market dominated by hedge funds and short-term players may become more volatile.
Bitcoin The Beneficiary
Store-of-value assets like Bitcoin could benefit significantly from the unfolding global bond market strain and loss of faith in sovereign debt.
If government debt becomes less attractive due to high yields, poor auction performance, and credit rating downgrades, investors may seek alternatives to store capital.
Governments may also increasingly rely on inflation to erode the real value of debt, and BTC has often been considered an inflation hedge.
Being non-sovereign and decentralized, Bitcoin also offers a parallel financial system that is immune to political manipulation or debt monetization.
As countries and investors diversify away from US Treasuries and the dollar, Bitcoin could also be part of a new neutral reserve asset basket, especially in emerging markets.
The asset was holding steady at around $105,500 at the time of writing, having recovered from its Friday dip to $101,000.BTC has gained more than 50% over the past 12 months.
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