Bitcoin Eyes $1M as Market Heats Up, but Q3 Caution Looms

Bitcoin hits $110K, sparking bold $1M predictions, but analysts warn of a Q3 slowdown as Ethereum and altcoins start catching up.

Joe G & Money Talks
June 11, 2025 • Estimated Reading Time: 5 minutes

Bitcoin surged to $110K on June 11, reigniting bullish predictions for new all-time highs and even a million-dollar BTC.

+10% in a week: Bitcoin jumped from $98,000 to $110,000 between June 5–11.
$1M target: Michael Saylor says growing institutional demand and limited supply make $1M “inevitable.”
Strong chart patterns: Bull flags and cup-and-handle patterns point to $120K–$150K next.

"If Bitcoin’s not going to zero, it’s going to $1 million."

Michael Saylor

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Despite optimism, Bitcoin’s historical patterns and market sentiment suggest a possible summer slowdown.

Q3 is historically weak: Average return is just +6.03%, compared to +85.42% in Q4.
Too much optimism?: Social media buzz could signal a short-term top.
Macro headwinds: High interest rates and summer vacation season may lower crypto volume.

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