Bitcoin is currently trading at $118,918.51,The current price is $118,918.51, a minor correction of 0.2% lower than yesterday. Despite this minor correction being a follow-up of a massive price gain, BTC increased 10.24% in the past week. Trading volume in the past 24 hours increased to $181.31 billion in a 252.3% surge. This surge is a reflection of rising market participation as well as improving investor sentiment.
Even with this small decline, BTC remains in a bullish trajectory. It simply broke out above the notable $112K resistance, a barrier determined by analysts. With this breakout, Bitcoin has entered price discovery, a stage in which there is no prior price ceiling. As per experts, new all-time highs arrive next, with short-term, medium-term, as well as long-term trends being extremely bullish.
Bullish Momentum Remains Strong
Crypto analyst CoinCodeCap has flagged BTC’s price structure as bullish. The Fib extension tool projects upcoming targets at $121K, $128K, and even $136K. These levels will likely face heavy interest from both bulls and bears. Currently, the RSI sits above 70 — signaling overbought conditions — but momentum remains in the bulls’ favor.
The trend shows no sign of weakness yet, though a short-term cool-off could occur. Analysts recommend trailing stop-loss orders to protect gains while riding the trend. Critical support lies at $100K and $90K. Resistance now shifts higher to $121K, then $128K, $136K, and possibly $150K. Bulls seem ready to defend key zones and push price discovery forward.
Bitcoin price forecast for 2025
Market forecasts until 2025 remain incredibly bullish. As per DigitalCoinPrice, Bitcoin can reach $261,869.20 until the end of this year. It anticipates BTC going past its current high of $123,091.61 any time in the near future and continuing steadily thereafter. Some investors already foresee the coin being traded between $246,966.56 and $261,869.20 in the near future. It is because of long-term technical momentum as well as growing adoption.
Changelly provides a slightly more moderated outlook. Their analysts believe Bitcoin will top out at $121,503.94 in 2025 with an average of $142,932.63. July’s potential range is $122,355.19 to $142,932.63, with potential 17.5% ROI. Regardless of varying numbers, both sources have one thing in common: Bitcoin’s next major move could reshape market expectations.
