Key points:
Bitcoin traders eye new all-time highs, which include $270,000 by October.
The bull run is far from over, they agree, with BTC price due a major comeback.
Doubts persist over the impact of the next Bitcoin bear market.
Bitcoin (BTC) traders still see new all-time highs and even $270,000 this bull market.
The latest BTC price forecasts from popular market participants agree that BTC/USD is due to head much higher than its current record.
Bitcoin traders agree: New all-time highs will come
Bitcoin may be consolidating just above $100,000 after a slew of macroeconomic and geopolitical surprises, but the consensus among traders is anything but bearish.
Far from the bull market being over, many see Bitcoin preparing for a fresh period of price discovery.
“Bitcoin is trending upward in an Ascending Broadening Wedge,” popular trader Alan Tardigrade concluded in part of his latest analysis on June 15.
“This pattern has recently formed for weeks and is expected to reach $170k levels.”
An accompanying chart showed a recurring pattern on weekly timeframes stretching back to the start of the bull market in early 2023.
Another chart, this time the daily, flagged a so-called “golden cross” — where the 50-day simple moving average crosses over the 200-day equivalent.
“This signal has boosted $BTC by 49%, 125%, and 68% since 2023 whenever it has occurred,” Tardigrade commented.
“If $BTC experiences its worst and best gains from this point, it could reach $152k and $229k. These targets are reasonable given the recent uptrend.”
Such perspectives are far from rare in the current market. Even those waiting for an initial drop to test support ultimately see a rebound taking Bitcoin to new highs.
$BTC , possible wave 2 down to $92k would build nice momentum till October around $270k pic.twitter.com/tFm5O3jl7C
— BigMike7335 (@Michael_EWpro) June 14, 2025
Continuing, fellow trader Merlijn identified a classic price-bottoming structure in the form of an inverse head-and-shoulders pattern still playing out.
“Breakout target? $140K+,” he told X followers this week.
“Neckline at $113K is the only thing standing in the way.”
Preparing for the bear market
As Cointelegraph continues to report, however, some parties hold increasing doubts over the bull run’s true support.
Related: Bitcoin must avoid sub-$100K wick as traders digest 55% China tariffs
Comparisons to the end of the last bull market in late 2021 have begun to surface, and the area around all-time highs continues to deliver price rejections with ease.
In a nod to future bear markets, one of the best-known Bitcoin bulls, “The Bitcoin Standard” author Saifedean Ammous, cautioned corporate buyers over the realities of BTC exposure earlier this month.
“I just hope my message out there to everybody in this business is, Bitcoin has done -70% and -80% before, and it can do it again,” he told the Coin Stories podcast during the Bitcoin 2025 conference.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
