Highlights
Bitcoin (BTC) teeters just below its peak at $107,249, less than 5% away from reclaiming its $112,000 all-time high. However, the S&P 500 hit a historic 6,223.75 high, fueled by five straight bullish candles. Will BTC follow the market’s surge to new highs, or is a pullback on the horizon?
While the Bitcoin price remains stuck in a sideways chop, the S&P 500, driven by geopolitical and macroeconomic volatility, has reached a new all-time high of $6,223.75. This rally follows the index’s 4.61% surge over five days. The sharp recovery since April 7, 2025, has brought the 50-day and 200-day Simple Moving Averages (SMAs) close, hinting at a potential bullish crossover in the coming days.
With such optimism in the stock market, will Bitcoin follow the S&P 500’s footsteps?
Since June 9, the correlation between BTC and the S&P 500 has continued to increase according TradingView data. Hence, the chances of BTC revisiting its ATH and setting up a new high are not out of the realm of possibilities. With the odds of a September rate cut spiking, a risk-on sentiment could fuel Bitcoin’s next uptrend.
The Time Price Opportunity (TPO) chart for Bitcoin (BTC) highlights key levels to watch. The naked Point of Control (nPOC) formed at $109,650 on the June 11 trading session is the key resistance level to watch. On the contrary, the buy tails at $104,347 and $103,463 are key support levels.
nPOC is the highest volume level on a particular trading session, while buy tails are inefficiencies formed during an impulsive uptrend. Buy tails offer demand and serve as support, while nPOC above the price acts as a resistance level.
Considering the S&P 500’s recent climb to an ATH and rising correlation between the index and Bitcoin, the chances of an uptrend are high. Moreover, the failure to produce a lower low during the ongoing consolidation adds credence to the demand and forecasts BTC price could revisit the nPOC at $109,650.
The daily Bitcoin price chart shows clear signs of bullish momentum that further hint a new ATH is not a question of ‘if’ but ‘when.’ The key characteristics that paint this optimism include:
The declining parallel channel’s upper trend line will face a retest for the third time, with traders expecting a breakout. A decisive daily candlestick close above $107,858 will confirm the said breakout and potentially propel BTC price to: $112,424,
All in all, the 2025 Bitcoin price prediction remains bullish, with calming geopolitical tensions, a spike in September rate cut odds, and a buyer-skewed daily BTC chart. Therefore, investors can expect a new ATH for BTC soon. Regardless, traders need to be careful as a breakdown of the $100,000 psychological level would invalidate the aforementioned bullish outlook.
This development could trigger a flurry of panic sell orders, potentially leading to a liquidation cascade and catalyzing a swift correction to $96,852 and $93,375. These two levels served as a base that propelled Bitcoin price up by nearly 20% to $112,000. Hence, investors can expect a short-term relief between $93,000 and $97,000. A dire case scenario could see the BTC price revisit $90,000, where an unfilled buy-side imbalance is present, reaching up to $87,000.
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