Bitcoin is currently trading around $107,000, showing resilience at the $105,000 support level. After a brief drop from the all-time high in May and with new institutional capital inflows, the market is speculating: Can BTC reclaim $111,000 this week?
Bitcoin Price Prediction: Will BTC reach $111,000?
1. Consolidation after ATH
Bitcoin reached a high of around $111,889 before correcting to the $105,000–$108,000 range. This pullback is considered healthy and part of a broader bullish structure, indicating that a breakout may be forming.
2. Institutional momentum building
Spot BTC ETFs continue to attract significant capital inflows, led by large institutions.
Analysts from top financial firms predict Bitcoin could reach $200,000 by the end of 2025, with a bullish outlook up to $300,000 by 2026.
3. Key catalysts of the week
Inflation data and economic indicators from the US could cause volatility.
Breaking the $111,000 resistance level could signal a continuation of the bullish trend, especially if ETF capital inflows remain strong.
BTC price prediction:
Neutral Scenario: BTC fluctuates around $108,000–$110,000.
Bullish Scenario: Favorable macro news pushes BTC prices back above $111,000.
Bearish Scenario: Prices falling below $105,000 could test the $102,000 support level.
Yes, prices could return to $111,000 this week, especially if macroeconomic and institutional drivers align.
The discord between Trump and Musk: Is it cooling down or just beginning?
The recent conflict between Elon Musk and Donald Trump seems to be calming down—but it is not over yet.
What happened:
Donald Trump issued a strong warning to Elon Musk, threatening 'very serious consequences' if Musk supports the Democratic Party.
Elon Musk deleted old posts criticizing Trump and even shared a post praising Trump's economic legacy, hinting at a potential easing of tensions.
Errol Musk (Elon's father) commented that this clash has been exaggerated and caused by stress, expressing hope that the discord will soon end.
Behind the scenes, aides from both sides have been communicating to de-escalate the situation. Trump has paused direct criticism.
Takeaway: The discord is not fully resolved, but both sides seem to be stepping back from public conflict. Markets tend to react positively when political uncertainty decreases, and this détente could support a more stable sentiment around pro-crypto policies.
What else to watch this week
Inflation Report: May CPI and PPI data in the US will significantly affect BTC's volatility.
ETF Demand: Any surge in spot ETF activity could drive prices higher.
Regulatory Developments: The UK, India, and the US continue to shape cryptocurrency policy.
Political Influence: The increasing association of cryptocurrency with key figures in the US (Trump, Musk) adds a new layer to sentiment analysis.
Final Thoughts
Bitcoin remains in a strong position to test the $111,000 level this week, with fundamental factors and macro drivers aligning. The discord between Trump and Musk seems to be cooling down, which could alleviate political noise and bolster investor sentiment.
