$BTC

As of June 12, 2025, Bitcoin (BTC) is trading at approximately $107,856, having recently approached its all-time high of $111,970 reached on May 22. This surge is attributed to favorable economic indicators, such as lower-than-expected inflation and increased investor confidence, which have bolstered demand for risk assets like cryptocurrencies.

Technically, BTC has broken out from a flag pattern, supported by a bullish golden cross between the 50-day and 200-day moving averages. Key resistance is at $112,000, with potential upside toward $137,000 based on historical trends. Support levels to watch include $107,000 and the psychologically significant $100,000 level.

Institutional interest remains strong, with Bitcoin ETFs seeing assets rise to $132 billion from $91 billion in April. Additionally, the U.S. government has established a Strategic Bitcoin Reserve, further legitimizing BTC as a national asset.

Looking ahead, analysts forecast Bitcoin's price to reach a maximum of $100,645 by the end of 2025, with potential for further gains in 2026.