Bitcoin could be on the verge of a massive breakout, according to popular crypto analyst Doctor Profit, who predicts a potential price surge of up to 170% in the coming months. With a Golden Cross formation, key support near $100K, and a pivotal CPI inflation report just days away, the market may be heading for explosive gains.
At the start of June, Bitcoin was trading at $104,588.85, but briefly dipped 4.10% between June 3–5. However, it bounced back sharply from $100,400 on June 6, rising 2.74% in a single day. Since then, BTC has gained another 5.07%, currently sitting around $106,663.68.
Doctor Profit shared on X (formerly Twitter) that Bitcoin is attempting to break a diagonal resistance line—a move he believes could launch BTC into a new all-time high soon.
“A confirmed Golden Cross and strong $100K support signal a bullish breakout. BTC could rise 70–170% if macro factors align,” he wrote.
All eyes are on the U.S. Consumer Price Index (CPI) data release scheduled for June 11, 2025. In April, CPI rose from 319.799 to 320.795 points. This month, it’s projected to reach 321.9, according to TEForecast.
More importantly, the U.S. inflation rate, which dropped to 2.3% in April, is expected by Wall Street to rise slightly to 2.5%. However, Doctor Profit believes the number could surprise to the downside—possibly between 2.1% and 2.3%. A lower-than-expected CPI could spark optimism, increasing chances of a Fed rate cut—a bullish catalyst for Bitcoin.
Doctor Profit also notes a liquidity cluster between $108K and $110K, which may be BTC’s next short-term target before a bigger breakout. If Bitcoin pushes through that zone, it could open the path for a sustained rally.
Lower CPI boosts hopes for Fed rate cuts, often triggering bullish momentum in Bitcoin and crypto markets.
As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.
The next U.S. Consumer Price Index (CPI) report, which will cover May 2025 data, is scheduled for release on Wednesday, June 11, 2025, at 8:30 AM ET.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Today, Amazon Web Services (AWS) faced a major outage impacting many popular platforms like Reddit,…
In a year full of hype, dips, and wild predictions, Little Pepe is suddenly becoming…
The Bitcoin price today is showing a strong bounce, attempting to grab upside liquidity after…
Several XRP ETF applications have their deadlines this week, drawing attention from investors across the…
After weeks of choppy trading, Pepe price has come back into focus with a solid…
XRP is once again under the spotlight as the highly anticipated Swell 2025 event, just…
