Bitcoin Price Analysis: BTC Eyes New ATH After Testing $110,000

Bitcoin (BTC) is down almost 1% during the ongoing session as buyers lost momentum after crossing $110,000 earlier this week. The flagship cryptocurrency tested the $110,000 level twice this week, suggesting a potential move past its all-time high could become a possibility. 

Despite the drop during the ongoing session, BTC remained marginally up in the past 24 hours and is nearly 4% up over the past week. 

Positive CPI Data Could Boost Markets 

Bitcoin’s (BTC) push towards a new all-time high has stalled after the price fell below $110,000 during the ongoing session. However, it still retains the potential of setting a new all-time high, especially if the CPI data favors risk assets like Bitcoin. Market experts and investors are waiting for the upcoming Consumer Price Index (CPI) data, which could bring volatility to BTC. 

Some analysts anticipate a 2.5% increase, while others predict an increase between 2.1% and 2.3%, suggesting that it was a sign inflation was cooling. Low inflation could pressure Federal Reserve Chair Jerome Powell to cut interest rates, boosting the stock and crypto markets. The analyst also highlighted Bitcoin’s negative funding rate as another indicator of an impending rally and a new all-time high. 

“What’s crazy right now is the fact that the Bitcoin funding rate is currently negative, which means that there are more shorts than longs open, which indicates an extremely healthy market and even supports the bullish thesis. Also, there is plenty of liquidity in the region between 108 and 110K, which is going to be taken as well for sure in the coming days.”

A Correction To $90,000 Still Possible 

While most analysts are optimistic about an impending market rally pushing Bitcoin to new highs, Sergei Gorev, Head of Risk at Youhodler, stated that a potential “head and shoulder” pattern could signal a reversal. The analyst stated, 

“BTC quotes are currently in a state of uncertainty. On the one hand, many global traders are gradually withdrawing from the US currency and shifting to more risky assets, including cryptocurrencies. This has a positive effect on the BTC exchange rate. On the other hand, the price on the BTC chart is behaving extremely erratically, and there is currently a possibility of a local price hike. There is a ‘Head and Shoulders’ picture, which, if implemented in its scenario, can lead to a correction in the price to the level of $92,000.”

Michael Saylor Dismisses Crypto Winter Fears 

Strategy co-founder and executive Chairman Michael Saylor has dismissed concerns about a crypto winter. Saylor suggested that Bitcoin’s growing institutional adoption and declining exchange reserves could push the flagship cryptocurrency to $1 million. Saylor stated, 

“Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”

Asset manager ARK Invest also raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030. According to Saylor, 450 BTC are available for sale everyday, valued at roughly $50 million at current prices. Saylor believes that if such a significant amount is bought on a daily basis, the price must go higher. 

“If that $50 million is bought, then the price has got to move up.”

Saylor also highlighted public companies purchasing massive amounts of Bitcoin. Saylor’s own firm holds 582,000 BTC worth approximately $63.85 billion. 

“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”

Saylor reiterated President Trump’s support for Bitcoin and the broader crypto industry, along with US Treasury Secretary Scott Bessent and Securities and Exchange Commission Chair Paul Atkins, and also highlighted that traditional banks and financial institutions are pivoting to Bitcoin and providing custody services. 

“Bitcoin has gotten through its riskiest period; the accounting has been corrected.”

Bitcoin (BTC) Price Analysis 

Bitcoin (BTC)’s rally stalled around the $110,000 mark as buyers lost momentum after reaching $110,546. The flagship cryptocurrency dropped to a low of $108,335 on Tuesday to reclaim $110,000 but found itself back in bearish territory during the ongoing session, trading around $109,739 after a decline of nearly 1%. 

According to Santiment analyst Brian Quinlivan, the analytics firm is recording significant anticipation for BTC moving to a new all-time high on social media. However, the analyst stated that the market is not ready for a bullish surge. 

“It wouldn’t be surprising if we do break through very soon after we see a few frustrating ‘close calls’ that cause small traders to turn sour and impatient on BTC, neutralizing this level of optimism.”

Meanwhile, Sean Dawson, Head of Research at Derive, believes BTC will underperform during the third quarter of 2025. The analyst backed up his assessment with historical data. Historically, Q3 has been Bitcoin’s weakest, with an average return of around 6%. On the other hand, Q4 has been BTC’s strongest, delivering an average return of over 85%. Dawson also highlighted macroeconomic concerns as another reason for BTC’s subdued returns during Q3 2025. 

“Despite political pressure for rate cuts, the Fed seems poised to keep interest rates steady, which could dampen Bitcoin’s appeal for outsized returns.”

BTC traded positively the previous weekend, rising 0.69% on Saturday and almost 1% on Sunday to reclaim $105,000 and settle at $105,779. The price fell to an intraday low of $103,768 on Monday as selling pressure intensified. However, it rebounded from this level to register a marginal increase and settle at $105,902. BTC lost momentum on Tuesday, falling 0.44% to $105,435. Sellers retained control on Wednesday as the price fell almost 1%, slipping below $105,000 and settling at $104,752. Bearish sentiment intensified on Thursday as BTC plunged 3% to $101,614. Despite the overwhelming selling pressure, it recovered on Friday, rising 2.72% and settling at $104,378.

Source: TradingView

BTC traded in positive territory over the weekend, rising 1.15% on Saturday and registering a marginal increase on Sunday to reclaim $105,000 and settle at $105,784. Bullish sentiment intensified on Monday as the price surged over 4%, surging past $110,000 and the 20-day SMA and settling at $110,251. BTC fell to an intraday low of $108,335 on Tuesday as buyers lost momentum. However, it rebounded from this level to reclaim $110,000 and settle at $110,253. The current session sees BTC marginally down, trading around $109,700. Buyers will look to regain control and push the price back above $110,000. If bullish sentiment persists, BTC could set a new all-time high in the near term.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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