Bitcoin's price momentum is putting the crypto on track for a 14% rally by year-end, according to a technical analyst. It hovered around $117,000 on Friday.

Bitcoin's BTC $110,770.05 spot price has surpassed $111,000 and could rise by another 30% to exceed $140,000. That's the message from the daily price chart of BlackRock's Nasdaq-listed spot bitcoin ETF, known by its IBIT ticker, which shows a bull flag breakout.

Bitcoin hit a fresh high above $118,000 on Friday a day after the second-highest daily inflows on record to bitcoin ETFs.

Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.

Bitcoin's recent bull run has been characterized by steady price increases and declining volatility, aligning more with traditional financial markets.

The RHODL Ratio shows long-term holders gaining control, hinting at a Bitcoin bear market. Here's what the data reveals about the market’s next phase.

The cryptocurrency market is beaming with anticipation of an extended rally, particularly in the price of Bitcoin (BTC), which has skyrocketed this week, hitting a new historical high of $118,870 on Friday. Investors are also expanding their bullish expectations towards the main altcoins, which show signs of extending their recovery.

Traders on the Myriad prediction market are split as momentum wanes and resistance looms just above the $109K price mark for Bitcoin.

Find expert Bitcoin (BTC) price predictions for 2025, 2026 and 2030. See key drivers, potential risks, ... Our team is diligently working to keep up with trends in the crypto markets.