Bitcoin hit a recent all-time excessive at $123,218, on Monday, July 14. The largest cryptocurrency wiped out its features and hovers above the $118,000 level at the time of writing. Bitcoin’s recent process has motivated BTC holders from the Satoshi period to transfer their BTC to OTC desks and seemingly rob profits.
Bitcoin (BTC) would possibly per chance rally towards its aim above $150K if BTC continues to prolong its features and upward momentum is sustained.
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Bitcoin hits recent all-time excessive
Bitcoin hit a prime at $123,218 on Monday, July 14. The largest cryptocurrency slipped decrease, erasing newfound features to soar above $118,000 on Thursday. Bitcoin would possibly per chance web liquidity at the enhance at 78.6% Fibonacci retracement level of the rally from the April low to the July prime, at $112,794.
Two key momentum indicators on the BTC/USDT tag chart present that further features are seemingly in Bitcoin. RSI reads 68 and is sloping upwards, MACD flashes inexperienced histogram bars above the just line. There would possibly be a selected underlying momentum in Bitcoin tag.
Fibonacci targets of 127.2% at $136,467 and 161.8% at $153,320 attain into play once Bitcoin sees a on an routine basis candlestick close above $130,000.
The $150,000 aim is psychologically predominant, a key milestone for Bitcoin after $100,000 and the $120,000 level.
Bitcoin’s creep to a recent all-time excessive powered the BTC commerce of the century. Gemini’s Winklevoss brothers’ $11 million Bitcoin aquire in 2013 has modified into $11 billion in 2025. The 1000x elevate within the Winklevoss brothers’ investment has supported the particular sentiment among traders.
Traders are “grasping” this week, in accordance to the Concern & Greed index, a sentiment gauge for market people.
The bullish sentiment is confronted with profit-taking from traders. Within the previous 100 days, BTC holders maintain consistently taken profits on their Bitcoin holdings. Santiment records shows giant spikes and constant particular spikes within the community realized profit/loss metric, between April and July 2025.
BTC eyes rally to $150K
Bitcoin’s recent features and tag discovery maintain ushered self belief in both institutional and retail traders ready to deploy capital. Silicon Valley giant Peter Thiel made a expansive bet on a BTC mining company, sending its stocks hovering in a single day. Thiel announced a 9% stake in BitMine.
The announcement supported a bullish thesis for the cryptocurrency. As BTC positions for further features, a rally above $150,000 is seemingly.
At the time of writing Bitcoin slipped to the $114,000 level, checking out enhance. Bulls are defending Bitcoin’s enhance ranges and a re-take a look at of resistance at $116,000, $120,000 and $123,000 is seemingly.
A spoil above the three resistances would possibly per chance search for Bitcoin enter tag discovery and rally towards the $150,000 aim.
Vikram Subburaj, CEO, Giottus, an commerce platform, commented on Bitcoin tag circulate and future targets. Subburaj suggested Crypto.news:
“The severe demand for Bitcoin is this: where are we headed subsequent? $135,000 is seemingly the next key resistance in accordance to fib extensions. If macro liquidity stays supportive and ETF inflows persist, we demand this boost piece to stretch to $150,000 and beyond. It’s miles certain that volatility will live with inviting corrections along the trend. Nonetheless the broader path is unmistakably upward.”
Trump’s crypto week
US President Donald Trump kicked off the crypto week with an announcement on social media platform TruthSocial. Trump assured market people that the Home will almost immediately vote on a bill that would possibly per chance originate The United States the undisputed leader in digital assets.
Trump said that he would work with the Home and the Senate to fetch worthy extra laws handed.
Regulations on stablecoins has been stalled, and disagreement has previously blocked the funds from advancing. It stays to be viewed how the three crypto-linked funds would possibly per chance be handed and whether or now not the administration takes extra measures to address the crypto market structure.
On-chain diagnosis
Santiment records shows that the total amount of Bitcoin holders has elevated within the relaxation week. On the other hand, the percent of offer on exchanges dropped after an initial spike. As the share of BTC offer in profit climbed, offer on exchanges dipped. This would possibly point out BTC is being pulled out of exchanges for maintaining reasonably than profit-taking.
The metric that tracks profit-taking shows no predominant spike within the relaxation week meaning traders on exchanges are in a position to challenging the selling tension, and supporting Bitcoin tag features.
On-chain diagnosis shows Bitcoin’s retail traders taking profits and redistributing their holdings whereas giants and giant pockets investors secure for the length of the associated price rally. Strategy has sold merely about every Bitcoin tag dip and added one more 4,000 BTC to its maintaining at a median tag of over $111,000 per token. The giant has consistently scooped up Bitcoin within the 2025 bull creep.
Educated commentary
Andrejs Balans, threat manager at YouHodler, an EU-based mostly fully fintech platform suggested Crypto.news in an interview:
“Bitcoin’s market has matured severely, with improved liquidity and participation by professional procuring and selling firms. This evolution has reduced volatility compared to previous cycles, a signal of a extra resilient market however furthermore a element that can dampen giant speculative moves.
Following predominant features this twelve months, many lengthy-timeframe holders maintain realized profits, thereby along with to the market’s offer. With out sustained recent demand, this promoting tension would possibly per chance bask in costs range-certain reasonably than riding a decisive breakout.”
Jamie Elkaleh, Chief Marketing Officer at Bitget Pockets said:
“Institutions are really firmly riding Bitcoin’s boost, with over $50B in ETF inflows and sustained accumulation by avid gamers admire BlackRock and MicroStrategy signaling lengthy-timeframe self belief. A immediate-timeframe pullback appears to be like now not going, with Bitcoin extra seemingly to take a look at greater ranges within the weeks forward. Unless BTC dominance decisively breaks beneath 62% and ETH/BTC strengthens further, Bitcoin will seemingly proceed capping different layer boost. That is a reflexive rally, now not yet a structural shift.”
Disclosure: This text doesn’t describe investment advice. The shriek and materials featured on this page are for educational capabilities ideal.
