CNBC Projects Bitcoin to Surge to All-Time Highs Above $130,000
Continuing the bullish sentiment around the market-leading cryptocurrency this week, CNBC analysts are projecting Bitcoin (BTC) to reach new all-time highs above $130,000. Indeed, CNBC analyst Todd Gordon suggests that the cryptocurrency is primed to surpass its $111,000 ATH and boom towards the $130,000 according to weekly chart Analysis . “I have a 100% Fibonacci projection level of $135,000 as our target,” Gordon wrote on Tuesday. JUST IN: CNBC says "Bitcoin is primed for a surge to fresh all-time highs above $130,000." — Watcher.Guru (@WatcherGuru) June 10, 2025 Gordon suggests there are three main drivers for BTC’s recent growth that could send it towards $135,000. For starters, institutional interest in the digital asset continues to climb. Spot Bitcoin ETFs have played a huge role in this; however, firms are also going out of their way themselves to pick up Bitcoin for reserves. Firms like Strategy and BlackRock are amongst the top institutional investors,...