$BTC ha surpassed $110,000 in June 2025, approaching its historical high after a 3.8% rebound in 24 hours. The leading cryptocurrency, with a 16% increase this year, benefits from a favorable environment: Trump’s pro-crypto administration, institutional adoption, and a drop in reserves on exchanges to 1.01M BTC. Bitwise analysts predict it could reach $230,000, driven by U.S. federal debt and tax cuts. However, not everything is bullish. The correlation with stock markets and recession fears could limit short-term gains. Futures data suggests caution among professional traders, and a pullback to $100,000 is not ruled out. Despite this, whale accumulation (337 wallets with large holdings) and $378M in inflows to BTC ETFs reinforce optimism. With trade negotiations between the U.S. and China easing tensions, market sentiment improves. Will Bitcoin continue its parabolic path, or will it face a correction? The answer lies in the global economic horizon.