Is Bitcoin Going to Surpass $110K Soon?

Only time can tell, though the world's most valuable crypto keeps surging and inching closer to a new all-time high.

Is Bitcoin (BTC) going to surpass $110K soon? Only time can tell, though the world’s most valuable crypto keeps surging and inching closer to a new all-time high.

According to crypto aggregator CoinGecko, BTC peaked at $106K today, just 3% shy of the $109K all-time high seen in January 2025.

This bullish momentum will surely trickle down into Bitcoin-themed altcoins like BTC Bull Token (BTCBULL) later this year. Remember: altcoin season doesn’t start; it bleeds out of Bitcoin’s gains.

Many investors believe the current BTC bull run could take the cryptocurrency to new highs. For example, ‘Trader Alan,’ a popular crypto content creator and pattern analyst on X, predicts that BTC could reach $116K next week.

According to him, the cryptocurrency is ‘brewing within this converging triangle with decreasing volume,’ adding that this often indicates a potential for a breakout. But other traders and analysts believe the market could be cooling down already. ‘Roman Trading’ posted on X that there are simply too many bearish signs relating to BTC, which could indicate that the crypto’s bull run is over.

BTC price analysis: BTC/USD edges up as bulls target $110K

According to the latest data from the cryptocurrency aggregator CoinGecko, Bitcoin is trading at $105,911.80 at the time of writing, up 2.4% in the past 24 hours. It seems that the price action is heating up again after BTC experienced a slight correction yesterday.

As the most valuable cryptocurrency, Bitcoin is also very liquid, boasting a trading volume of over $55B in the past 24 hours. For comparison, the entire cryptocurrency market has a 24-hour trading volume of $76B.

Bitcoin could get simpler in a new proposal

While Bitcoin is flirting with a new all-time high and analyst opinion is split, there’s another move brewing that could propel Bitcoin forward.

And it has nothing to do with price charts; it’s about changing how Bitcoin is understood, potentially boosting adoption for new users.

Currently, 1 Bitcoin is equivalent to 100M ‘satoshis,’ which is the base unit of the cryptocurrency. But if the proposal flies, the current ‘satoshi’ would simply be called a ‘Bitcoin.’ Thus, what was historically known as 1 Bitcoin would become 100M Bitcoins.

The proposal also calls for removing the eight-decimal presentation of Bitcoin units. Thus, the current 0.00003130 Bitcoin would be labeled as 3,130 Bitcoins.

These things won’t change Bitcoin’s fundamentals, such as ledger and consensus rules or its ‘$BTC’ currency symbol. Rather, the proposal aims to make Bitcoin more user-friendly, a much-needed push to further increase adoption.

BTC Bull Token raises $6M as interest in Bitcoin-adjacent assets spikes

BTC continues to push for new highs and a potential rebranding, so investor interest is back on Bitcoin.

And Bitcoin-themed meme coins are set to ride the wave. Now might well be the best time to invest in presales like BTC Bull Token (BTCBULL).

Investors have been hyping the project for a while now, and the presale has just recently surpassed $6M, likely thanks to BTC’s return to $105K in the past few days.

How does it relate to Bitcoin? Well, BTCBULL wants to reward investors bullish on Bitcoin with free BTC airdrops when Bitcoin reaches $150K and $200K.

This would be not only because of the BTC bull run but also because of regular BTCBULL token burns when Bitcoin reaches $125K, $175K, and $225K. This will limit the supply of the tokens and increase their value.

To get free airdrops, you need to own BTCBULL, which is available via the BTC Bull presale page, and hold it using Best Wallet. The current price of $0.00252 is set to increase in less than 24 hours, so get yours quickly. To learn how, check our guide on how to buy BTC Bull Token.

After buying, you can also stake your tokens to earn passive rewards. The presale offers 68% APY returns at the moment. Please note that the rewards rate is dynamic and will change as more investors stake their tokens.