Bitcoin prepares to latch on to another key price target level.
Analyst expects a break to the $116,000 level soon.
Once complete, BTC price could propel towards $165,000 price target and higher.
As a new week unfolds, the crypto market finds itself in the middle of the final month of Q2 of 2025, and the price of BTC pumps enthusiastically above the $106,500 price level. With bullish sentiments on the horizon as a result of the price of BTC enduring past the latest two crypto market challenges, analysts believe Bitcoin prepares to latch on to another key price target level. Could BTC price pump from $116,000 to $165,000?
Bitcoin Prepares to Latch on to Another Key Price Target Level
The previous week was a challenging one for the crypto market, a week where BTC whales and BTC traders were able to prove their prowess. To highlight, the previous week presented two challenges to the crypto market in the form of political events that led to a short price drop for BTC. The first was the big, bad breakup, a very public argument between Elon Musk and President Trump.
The aftermath of this online argument led to escalated and heated remarks between the two entities, which led to a short and temporary drop in crypto prices and a very heavy drop in Tesla stock. However, the price of Bitcoin recovered very quickly, proving strength and resilience. The second challenge came from the escalating war between Israel and Iran, leading to a few reputed traders placing hedge trades to mitigate risks and preserve their capital.
This event also led to a very short drop in BTC prices and saw a speedy recovery. Now, as BTC enters a new week, and as we next the end of Q2 of 2025, expectations for certain events to occur for crypto prices grow stronger. For instance, analysts are taking the steady strength of BTC holding the $105,000 - $106,000 price line as a remarkable sign for higher highs on the horizon.
Higher Prices Set for BTC ATH Targets
Some expect a new ATH for Bitcoin to arrive soon, and not just a recovery to its previous ATH at the $111,000 price range. So far, the same analyst who took to hedge trading has shared his expectation for BTC to hit prices between $117,000 to $125,000, while another expects a BTC ATH of $137,000 soon. Meanwhile, other analysts are hoping altseason will trigger altcoin price pumps soon, before the next quarter arrives.
https://twitter.com/JavonTM1/status/1934326125108322675
As we can see from the post above, this analyst says that based on the multiple bull patterns on lower timeframes, Bitcoin is looking near ready to take the latch off of another key target level, and the target is set at $116,652. What’s more, the analyst reveals that this target level is important as a break above can be what brings in play the $165,000 and above BTC price targets, making this break a highly important one.
