Bitcoin (BTC) saw a major rally this May, reaching a record high of $111,970 on May 22. Since then, its price has dipped by 7% from the peak. This impressive surge was likely driven by increased institutional investments, with BlackRock, the largest asset manager globally, acquiring over $3 billion worth of BTC during the month.
Moreover, the recent price dip in Bitcoin could be linked to a decline in institutional funding, as suggested by market analysts. Data from Arkham indicates that BlackRock sold a portion of its Bitcoin holdings to increase its position in Ethereum (ETH). The sell-off by such a significant player likely triggered concerns among other market participants, contributing to a ripple effect of selling pressure across the market.
According to CoinMarketCap, Bitcoin (BTC) has seen a slight dip, down 0.18% on the daily charts, 3.59% over the past week, and 5.9% in the last 14 days. However, despite this short-term decline, BTC remains up 11.81% over the past month and an impressive 47.97% since June 2024.
Bitcoin’s Massive Rally Incoming
Now might be the perfect time to buy the dip. Many expect Bitcoin (BTC) to gain traction in the coming months. According to our expert’s technical and price analysis, BTC is projected to rally significantly over the next two months. The analyst predicts that Bitcoin could reach a new all-time high of $181,917 by the end of August 2025. If BTC hits this target, it would represent a nearly 75% increase from current levels.
Cathie Wood, the CEO of Ark Investment Management, has expressed strong optimism about Bitcoin’s (BTC) future, predicting a significant price surge in the near term. Wood pointed to Bitcoin’s scarcity, with its fixed supply of 21 million coins, as a key factor driving its potential value increase. Wood has previously made bold predictions, suggesting that Bitcoin could reach as high as $1.5 million per coin in the coming years.
Wood isn’t alone in predicting that Bitcoin (BTC) could surpass $1 million. Binance founder Changpeng Zhao (CZ) shares a similar view, suggesting in a recent interview that BTC could hit $500,000 to $1 million during this cycle. The crypto industry has experienced remarkable growth over recent years, with the approval of 11 spot BTC ETFs in 2024 marking a significant turning point.
Adding to the excitement, BlackRock CEO Larry Fink has suggested that Bitcoin could eventually replace the US dollar as the global reserve currency. In a 2025 letter to shareholders, Fink highlighted the potential of digital currencies like BTC to reshape global finance—a statement that carries substantial weight, as BlackRock manages approximately $11 trillion in assets.
Even US President Donald Trump has shown support for the crypto industry, accepting Bitcoin as a payment method for his presidential campaign and advocating for its growth in the US. This pro-crypto stance could boost investor confidence, signaling the start of an extremely bullish phase for the industry. With these developments aligning, the path may be clearing for Bitcoin to finally cross the $1 million threshold.
Also Read: JPMorgan to Now Accept Bitcoin & Crypto ETFs as Loan Collateral
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
