Bitcoin (BTC) Displays Bullish Potential to Climb Beyond Its Prevailing All-Time High (ATH)

Ryan Lee, Chief Analyst at Bitget Research, believes Bitcoin (BTC) displays a bullish potential to climb beyond its prevailing all-time high (ATH).

Ryan Lee, Chief Analyst at Bitget Research, is bullish on Bitcoin’s (BTC) potential to rise above its all-time high (ATH) and sees Ethereum (ETH) benefitting from the overall positive market sentiment with strong fundamentals following the launch of the Pectra upgrade.

Bitcoin Targets $155K

In an interview with Blockzeit, Lee highlighted the significance of Bitcoin’s sustained presence above the $100K-$105K range.

“It’s a pivotal moment in Bitcoin’s market evolution. With the renewed retail and institutional interest in crypto pushing up the circulating supply of Bitcoin to over $2 trillion, it has now surpassed Amazon in market cap, making it the fifth-largest asset in the world.”

According to the Bitget lead analyst, this event could denote a newfound psychological and structural strength for the leading cryptocurrency asset as it signals a resilient support between the $92K and $95K zone. Meanwhile, he advised investors to closely monitor BTC’s resistance bands around $110K and $115K.

The numbers are on top of Bitcoin’s $109K record-high, which could further spur more interest in the crypto asset. However, he warned that BTC could still experience short-term volatility that could push the numbers back as the US and China negotiate their global trade policies.

Speaking of which, Nikkei Asia reported that both parties have agreed to lower their tariffs temporarily. With that, the US will cut its duties for Chinese goods from 145% to 30%, while China will reduce US levies from 125% to 10%.

As the conditions persist, and without a lasting solution or agreement in the US and China trade turmoil, Lee forecasts that Bitcoin price could swing across $75K and $155K from the present to November.

Ethereum’s Return to $4.5K

It’s been three years since Ethereum achieved an ATH of $4.9K. Nevertheless, Lee claimed that ETH will likely trade between $2K and $4.5K in the latter half of 2025.

The analyst said the second-largest crypto asset could surpass his highest estimate. However, “competitive pressure” coming from faster chains like Solana (SOL)could continuously suppress the odds. The chain’s Layer-2 fragmentation is another factor to be considered.

In the short term, Lee pointed out that the Pectra upgrade has significantly contributed to Ether’s substantial recovery. The token’s resurgence to the $2.5K line signals a revival of investor optimism. Still, the Bitget official’s technical readings suggest a key resistance of $2.7K and support around $2K for ETH in the days ahead.