After a tumultuous week that nearly pushed Bitcoin down to the 5-digit territory, things are looking green again. The apex crypto has once again surged past its previous resistance, briefly wicking above the $110K level before a minor correction.
The BTC price is currently above $109K, which is its current support level, and it seems like things are clear for it to make a move beyond its previous highs and reach $120K.
Major analysts are forecasting the world’s leading crypto could move far beyond that, which means Bitcoin could be the best crypto to buy now.
Bitcoin On the Rise Again – Why Has it Happened?
The 4-hour interval chart shows that Bitcoin was able to move past the three consecutive red candles that it formed late last night and form a bullish engulfing pattern. The long greens that formed were a bullish attempt by bulls for the apex crypto to test previous highs again.
It was in the early morning of June 7th that the BTC price broke above its 50 MA. As far as the deep technicals are concerned, this 50 MA mark has been its support since Bitcoin created an uptrend after bottoming around the $80K level.
Sustained price momentum could lead to BTC reaching $120K near the end of June 2025.
Why has Bitcoin started to follow an uptrend again, just a few days after its crash into the 5-digit zone due to the Elon vs Trump fight?
The reason for the sudden surge could be attributed to a mix of geopolitical reasons and standard market cycles.
The first reason is the resumption of trade talks between the US and China. This has boosted investor confidence due to smoother international trade routes and logistics. Furthermore, with fewer trade restrictions, cross-border money flow is freer. Another reason is that despite China’s vehement ban on crypto, things might not be as cut and dry. For instance, Hong Kong is set to allow crypto derivatives trading, as reported by China Daily.
Furthermore, CoinGlass reports that multiple short positions worth $356 million were closed following Bitcoin’s surge above the $110K mark, which means that most investors are in it for the long haul.
Additionally, inflation concerns are also pushing allocators to look for alternatives, which has led to crypto fund assets hitting record highs. Reuters highlights Morningstar data on 294 crypto funds, which shows that in May, these funds attracted $7.05 billion in net inflows—the highest since December 2024.
Now, the question remains: which way will the BTC price head next?
The technicals right now suggest that the BTC price could get closer to $120K in the next few days. What about the long-term price action though? While many like Arthur Hayes believe that Bitcoin could reach $250K within the next few months, firms like Bernstein are even more bullish.
Maintaining a “high conviction but conservative price forecast,” they have said that the BTC price could reach $200K during the current market cycle.
The firm noted that while many investors focus on the “usefulness” of blockchain separated from the “uselessness” of crypto, the distinction is becoming blurry. Bitcoin’s “store of value” attribute is still strong, but investors are also picking assets beyond it.
Which is the Best Crypto to Buy Now Beyond Bitcoin?
Bitcoin’s recent growth has shown that the market is confident in its future. However, the best cryptos shouldn’t limit themselves to being just store-of-value assets. They should provide more innovative use cases, which the following picks are trying to provide.
BTC Bull
BTC Bull’s approach has been pretty straightforward. While not boasting long-term utility, it creates a social movement around Bitcoin, offering a meme coin built around the bullishness for the world’s biggest cryptocurrency.
The project has created two unique mechanics: token burns and Bitcoin airdrops, both of which are aligned with Bitcoin’s growth.
As soon as Bitcoin hits the $125K mark, the token burn will trigger, burning off a certain portion of BTC Bull. And as the BTC price reaches $150K, a Bitcoin airdrop will happen.
Given the current circumstances, the time it could take for Bitcoin to go through such a massive increase could be longer, which gives BTC Bull a chance to keep itself in the meme coin conversation.
The goal is to keep these mechanics triggering until BTC reaches the $250K level, at which point a $BTCBULL airdrop will be organized. $BTCBULL airdrop is a worthy addition since it could give users access to an asset that has been able to keep up with Bitcoin’s growth, offering massive value for early buyers.
The memetic approach of this project, although simple, does showcase a strong grasp of the market and the joke-filled ideology, which makes it a suitable meme coin investment for 2025.
Bitcoin Hyper
Bernstein’s report also suggested that people are moving towards crypto with actual utility that goes beyond BTC’s standard “store of value” use case. Bitcoin Hyper has been marketed as such a project. According to the claims, it provides the world’s first L2 solution for Bitcoin.
Bitcoin, with its proof-of-work architecture, has not provided much room for blockchain innovations. While ordinals have paved the way for Bitcoin-infused NFTs, it is still far less than what could be done.
Since the problem lies with the scalability and speed of the Bitcoin network, Bitcoin Hyper aims to address it through its own L2 scaling solution designed to provide off-chain transactions on the main Bitcoin chain.
The premise of this project revolves around creating a parallel chain that blends ZK Rollups with the Lightning Network, enabling fast transactions. These will allow more complex processes to enter the ecosystem, creating a solid ground for the development of more decentralized applications.
Bitcoin with an ecosystem fit for innovation is not exactly a novel idea, but Bitcoin Hyper is potentially the first one to do it with a memetic approach to a utility-driven network.
Even critical reviewers such as Cilinix Crypto have appreciated the project, despite offering mixed reactions. “They actually have a plan to actually build an L2 chain product, which is more than could be said about other meme coins,” the YouTuber said. “The project is theoretically positive since the devs have actually thought about it.”
Solaxy
Solaxy is another project trying to provide an L2 solution to an existing blockchain. However, the only difference is that whereas Bitcoin Hyper is hyper-focused on Bitcoin’s ascendance to a utility-driven crypto, Solaxy’s main drive is to help Solana become more scalable so that its use cases can evolve even further.
Launched as a presale a few months ago, Solaxy has already captured the community’s attention, as evident by it raising over $46 million to date. While memes were the first standout factor to give the SOLX presale its initial push, later down the line, the technological features became more prevalent.
Solaxy has ventured beyond the meme coin territory and has already made its testnet go live in early June. Those interested can explore it via the link given on the official X post. Per the update, the testnet will allow users to bridge their Solana holdings, transfer assets across rollups, and deploy smart contracts thanks to Solana’s native toolchain. Solaxy Explorer was the first feature to be introduced for investors to keep an eye on Solaxy’s on-chain activity.
Hey Solaxy Community it’s here.
The Solaxy Testnet is LIVE. Your first chance to interact with Solana’s first Layer 2 and experience the speed, scale, and simplicity Solaxy brings.
Connect via Backpack Wallet:https://t.co/FBrV3FohC8
You can:
– Bridge SOL (Solana… pic.twitter.com/FQY9AIwSdx— SOLAXY (@SOLAXYTOKEN) June 2, 2025
The core perks of the project are still in the testing stages, but the fact that people already have a “prototype” shows that Solaxy’s utility-centricity may be quite real.
Conclusion
Bitcoin’s recent surge is the result of improving socio-political conditions and the desire of bulls to put Bitcoin back on track. While it is uncertain whether the current momentum will sustain, the institutional push may continue to rally more people behind Bitcoin.
However, those looking for the best crypto to buy now should not limit themselves to the apex crypto. For one, the days of parabolic gains are gone, and the only value to be had from BTC lies with long-term holders.
Impatient investors should focus on meme coins instead. That’s why the top three picks are meme-centric tokens. These investments could provide gains to early buyers within a limited timeframe. However, since they also have unique use cases, holding them for a long period of time will also be beneficial.
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