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Home»Analysis»Analyst Unveils New All-Time High Price Target for Bitcoin This Month, Says New Bubble Brewing in Crypto
Analysis

Analyst Unveils New All-Time High Price Target for Bitcoin This Month, Says New Bubble Brewing in Crypto

June 8, 2025No Comments2 Mins Read
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Analyst Predicts Fresh Record Highs for Bitcoin This Month

Expert Insights

An analyst who accurately called the November 2021 crypto bull cycle top is predicting fresh record highs for Bitcoin (BTC) this month. Pseudonymous analyst Pentoshi tells his followers on the social media platform X that Bitcoin’s weekly chart shows that BTC demand is significantly outpacing supply, leading to higher prices.

Insatiable Demand

Pentoshi highlights the “insatiable” demand for Bitcoin from firms in the traditional finance (TradFi) world, indicating that bullish continuation is likely for BTC. He believes that the current demand outweighs the supply, paving the way for Bitcoin to potentially reach around $120,000 this month.

Bitcoin Price Chart
Source: Pentoshi/X

Long-Term Outlook

Pentoshi advises his followers to remain patient and maintain a long-term perspective on Bitcoin. He emphasizes the importance of zooming out and understanding that significant price movements may take time to materialize, despite the influx of billions of dollars into the cryptocurrency.

Market Trends

Bitcoin is currently trading at $105,536, with Pentoshi also noting the formation of a new bubble in the broader crypto market. He suggests that the money-making opportunities may lie in crypto companies conducting IPOs at high valuations, signaling another potential bubble in the space.

Shares of stablecoin issuer Circle (CRCL) saw a meteoric rise on their first day of trading, with the stock price soaring well above the IPO value. As of the latest close, CRCL is valued at $107.70.

Stay Informed

For more updates and insights on the crypto market, follow us on X, Facebook, and Telegram. Subscribe to receive email alerts directly to your inbox and stay informed about price action and market trends.

See also  BTC Dominance Drops, Altcoin Season Begins

Generated Image: Midjourney

AllTime Analyst Bitcoin brewing Bubble Crypto High Month Price target Unveils
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