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Bitcoin Price Today hovers near $113,000, consolidating after reaching all-time highs above $124,000.
Critical support is around $111,000, while a breakout above $116,000 could target $120,000–$124,000.
Institutional adoption and tightening supply strengthen long-term forecasts, with analysts projecting $140,000–$200,000.
Bitcoin, the world’s largest cryptocurrency, is currently trading at around $113,014. This marks a modest gain of about $1,946 or nearly 0.02% compared to the previous day’s close. During the latest trading session, the price touched an intraday high of $113,079, while the low was recorded at $110,465.
Across different exchanges, Bitcoin price today ranges between $112,780 and $113,038, supported by a 24-hour trading volume fluctuating between $21 billion and $64 billion. With around 19.9 million BTC already in circulation, the supply of the cryptocurrency is gradually tightening as it approaches its capped limit of 21 million coins.
In mid-August 2025, Bitcoin price climbed to new all-time highs, trading between $124,200 and $124,500. However, the price has since pulled back, with the current level showing a consolidation phase near the $110,000–$113,000 zone. This retracement has put investors and traders on alert, as the market now sits at a critical juncture where support and resistance levels are being tested.
One of the most important support levels is around $111,464. If Bitcoin fails to hold above this point, analysts warn that it could slip further, testing lower zones around $108,500. In a more extended correction, levels near $105,000, $101,000, or even the psychological barrier of $100,000 may come into play. On the upside, a decisive move above $116,800 could signal renewed bullish momentum, opening the path to $120,900, and possibly retesting the $124,000–$130,000 range.
Also Read - What Can Bitcoin Buy? Exploring Real-World Uses
Market forecasts for Bitcoin remain divided. Some analysts, including those at global research firms, predict that Bitcoin could rise toward $200,000 in the next two years, with the rally potentially extending into 2027. This outlook breaks from the traditional four-year Bitcoin cycle pattern, which usually predicts sharp bull runs followed by extended corrections.
Other experts are more cautious, pointing to a possible peak around $140,000–$150,000 by late 2025. Nathan Batchelor, head of strategy at Biyond, expects Bitcoin to reach $150,000–$160,000 if global monetary policy becomes more favorable. A softer stance from the US Federal Reserve, combined with greater liquidity, could provide the push needed for Bitcoin to continue its upward journey.
One of the biggest drivers of Bitcoin’s long-term price strength is institutional adoption. A growing number of companies now hold Bitcoin as part of their treasury strategies. As of mid-2025, more than 150 publicly listed companies collectively own close to 1 million BTC. This represents a significant portion of the circulating supply and creates scarcity on exchanges, where less than 15% of the total Bitcoin supply is now available for trading.
MicroStrategy, one of the earliest and largest corporate Bitcoin holders, has continued to accumulate aggressively. The firm recently added 353,000 BTC to its reserves. However, its stock has not performed as strongly as Bitcoin itself, raising questions about the sustainability of its leveraged strategy, which relies on convertible bonds and frequent share dilution. While its commitment underscores institutional confidence in Bitcoin, it also highlights the risks of overexposure in a volatile market.
Government policies have played a major role in Bitcoin’s surge this year. The current US administration has taken a far more favorable stance on digital assets compared to previous years. Executive orders such as the creation of a Strategic Bitcoin Reserve have boosted market confidence, signaling recognition of Bitcoin as a potential strategic financial asset.
Supportive regulations have encouraged more institutions to enter the market, while political and monetary factors have provided additional fuel. Expectations of lower interest rates in the US have made Bitcoin and other cryptocurrencies more attractive. Ethereum, XRP, and other digital assets have also rallied on the back of these favorable developments, creating broad-based momentum across the sector.
From a technical perspective, Bitcoin’s price chart highlights a consolidation between $110,000 and $113,000. Traders are closely watching this range, as a decisive breakout could set the tone for the rest of the year. A rebound toward $116,800 would strengthen the bullish case, while a breakdown under $110,000 could trigger panic selling and test the critical $100,000 support.
Momentum indicators also point to caution. After the surge to over $124,000, Bitcoin has entered a cooling phase, with some signs of declining buying pressure. However, longer-term charts continue to suggest a strong upward trend, as each pullback in recent years has ultimately led to higher highs.
Crypto community analysts have provided an optimistic Bitcoin price prediction. Many investors see the current pullback as a healthy correction within a larger bull cycle. The narrative of Bitcoin as “digital gold” continues to resonate, especially amid global economic uncertainty and rising concerns about inflation in traditional fiat currencies.
That said, risks remain. A sudden breakdown below the $109,000–$110,000 range could trigger a sharper sell-off, potentially dragging Bitcoin closer to the $100,000 mark. If that happens, short-term traders could be shaken out of the market, but long-term holders may view it as a buying opportunity.
The tightening supply of Bitcoin is another critical factor supporting its price. With nearly 19.9 million BTC already mined, the remaining supply of less than 1.1 million coins will be gradually released through mining rewards. The upcoming halving event, expected in 2028, will cut mining rewards even further, reducing the rate at which new Bitcoin enters circulation.
Combined with the growing role of institutional treasuries and sovereign entities, this reduced supply is likely to fuel upward price pressure over the coming years. Exchange balances have been falling steadily, showing that more investors are holding Bitcoin for the long term rather than trading it actively.
Also Read - Bitcoin Bull Run Could Last Until 2027, But is it Realistic?
Bitcoin stands at a crucial point in its journey. After reaching all-time highs above $124,000 earlier this month, the price has cooled and is now consolidating around $113,000. Support at $111,464 and resistance near $116,800 are the immediate levels to watch. A break above resistance could reignite bullish momentum toward $120,000–$124,000, while a fall below support risks a deeper correction toward $100,000.
Despite short-term volatility, Bitcoin price news hints that the broader outlook remains positive. Institutional adoption, supportive government policies, and a shrinking supply all contribute to a strong long-term case. Analysts remain divided on the exact peak, with projections ranging from $140,000 to $200,000 over the next two years. Regardless of the short-term fluctuations, Bitcoin continues to strengthen its role as a major global financial asset.
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