Bitcoin's price has surged over 10% since June 5, reaching $110,000 on June 11. Analysts predict that Bitcoin could potentially climb to $120,000 to $150,000, with Michael Saylor notably speculating that it may eventually hit $1 million. As of June 11, Bitcoin’s price was just 2.1% shy of its all-time high of over $111,000. Analysts suggest that if Bitcoin can establish $108,000 as support, it could enter a phase of price discovery, targeting as high as $150,000. Market trends signal optimism, with significant liquidations expected around $112,000 and $114,000. Meanwhile, institutional demand and fixed supply are driving value in a resilient market, as emphasized by various analysts who envision BTC's ascension to higher price thresholds due to growing adoption and scarcity metrics. However, investors should remain cautious of potential risks including regulatory changes and market volatility.

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