Can Bitcoin Hit $111K This Week? & What’s Next in the Trump–Musk Feud

Bitcoin (BTC) currently trades around $107K, showing resilience above the $105K support zone. After a brief dip from its May all-time high, and with renewed institutional inflows, the market is speculating: can BTC reclaim $111K this week?

By TradingView - BTCUSD_2025-06-09 (5D)

Bitcoin Price Prediction: Will BTC Reach $111K?

1. Post-ATH Consolidation

Bitcoin reached a high of around $111,889 before correcting into the $105K–$108K range. This pullback is considered healthy and part of a broader bullish structure, suggesting the next breakout may be forming.

2. Institutional Momentum Builds

Spot BTC ETFs continue to attract major inflows, led by large institutions.

Analysts from leading financial firms predict Bitcoin could hit $200K by the end of 2025, with upside scenarios as high as $300K by 2026.

3. This Week’s Key Catalysts

U.S. inflation data and economic indicators could spark volatility.

A break above the $111K resistance may signal a continuation of the uptrend, especially if ETF inflows remain strong.

BTC Price Prediction:

• Neutral Scenario: BTC hovers around $108K–$110K.
  
• Bullish Scenario: Favorable macro news pushes BTC back to $111K+.
  
• Bearish Scenario: A drop below $105K could test $102K support.

By TradingView - BTCUSD_2025-06-09 (YTD)

Yes, a return to $111K this week is possible, especially if macro and institutional drivers align.

Trump–Musk Feud: Cooling Down or Just Beginning?

The recent drama between Elon Musk and Donald Trump seems to be easing—but it’s far from over.

What Happened:

1. Donald Trump issued a strong warning to Elon Musk, threatening “very serious consequences” if Musk supports Democrats.
2. Elon Musk deleted older posts criticizing Trump and even reshared a post praising Trump’s economic legacy, hinting at a possible softening of tensions.
3. Errol Musk (Elon’s father) commented that the clash was exaggerated and driven by stress, expressing hope the feud will end “very soon.”
4. Behind the scenes, aides from both camps have communicated to de-escalate the situation. Trump has temporarily paused direct criticism.

Takeaway: The feud isn’t fully resolved, but both sides appear to be stepping back from open conflict. Markets tend to react positively when political uncertainty decreases, and this detente may support a more stable sentiment around pro-crypto policies.

What Else to Watch This Week

1. Inflation Reports: May CPI and PPI data in the U.S. will strongly influence BTC volatility.
2. ETF Demand: Any spike in spot ETF activity could drive further price action.
3. Regulatory Developments: The UK, India, and the U.S. continue to shape crypto policy.
4. Political Influence: Crypto’s growing alignment with major U.S. figures (Trump, Musk) adds a new layer to sentiment analysis.

Final Thoughts

Bitcoin remains in a strong position to test $111K this week, with fundamentals and macro drivers aligning. The Trump–Musk feud appears to be cooling, which could ease political noise and reinforce bullish investor sentiment.

$BTC, $Bitcoin