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Bitcoin crosses $118K driven by strong inflows into Bitcoin ETFs.
BlackRock leads ETF investments, boosting institutional confidence.
Crypto Week policy support strengthens long-term bullish outlook.
Bitcoin is currently showing strong momentum in the market, supported by large investments, growing trust, and recent policy changes. Bitcoin price recently crossed $123,000 before pulling back slightly to around $118,360. This article explains the key reasons behind the Bitcoin price rise, what patterns suggest for the future, and what risks to watch.
One of the biggest reasons behind the Bitcoin price today is the large amount of money flowing into spot Bitcoin ETFs (Exchange-Traded Funds). Since January 2025, investors have poured around $14.8 billion into these ETFs. Just in the last two days, one of the biggest ETFs, managed by BlackRock, saw investments of more than $1.3 billion.
As a result, large investors, also known as “whales,” now hold over 3.5 million Bitcoin. These whales are often institutions, hedge funds, or early adopters who can influence the price of Bitcoin through large trades.
MicroStrategy, a company that has been regularly buying Bitcoin, recently added more than 4,000 Bitcoins to its holdings. The company now owns over 600,000 Bitcoin. This move also boosted the company's stock price by over 50% in the past month.
The combination of institutional interest and ETF popularity has created strong demand, pushing prices higher.
Technical analysis involves looking at statistics for Bitcoin price prediction. A well-known chart pattern called the cup-and-handle has appeared in Bitcoin's recent trading. This pattern often suggests a strong chance of further price increases.
According to this pattern, Bitcoin price could rise another 14%, possibly reaching $134,500 in the coming weeks.
Other indicators also show strong momentum. The MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index) suggest that the price has room to go higher before becoming “overbought.”
Current resistance (a price level where selling may happen) is near $120,500 to $122,000. If Bitcoin breaks above this level, the next targets could be $130,000 and even $140,000. On the downside, strong support levels (price floors) are seen near $115,000 and $112,500.
In the United States, several bills are being reviewed under what is now called "Crypto Week." These bills aim to make the rules clearer for cryptocurrencies like Bitcoin.
One of the bills, the CLARITY Act, tries to define how cryptocurrencies should be treated by regulators. Another bill opposes government-backed digital currencies, often seen as competition to Bitcoin.
Earlier this year, the White House proposed the idea of a "Strategic Bitcoin Reserve", similar to how countries store gold. Some US states, including Texas and Arizona, are also creating state-level Bitcoin reserves.
These moves make Bitcoin appear more like a real asset and increase trust in its long-term value.
Also Read - Why is Tesla Betting Big on Bitcoin?
In the second quarter of 2025, businesses bought large amounts of Bitcoin for their company reserves. More than 847,000 Bitcoins are now held by corporations, more than double the number from last year.
Companies like MicroStrategy, GameStop, and even newer tech firms are increasing their Bitcoin holdings. Some are selling company shares or issuing bonds to raise money for buying Bitcoin.
This trend shows growing belief in Bitcoin as a way to store value, similar to how companies used to hold large amounts of cash or gold.
Even with strong upward momentum, Bitcoin is known for its high volatility. Prices can change rapidly, sometimes without clear reasons.
Right now, some signs point to a possible short-term pullback. The RSI indicator is close to the overbought level, meaning the price might be rising too fast. This could lead to some correction before the next big move.
Another risk is the strength of the US dollar. If the dollar strengthens due to interest rate changes or inflation reports, Bitcoin could face downward pressure.
Historically, even during bull markets, Bitcoin often falls 20% to 30% before continuing upward. Investors and traders should be ready for such drops.
Most experts believe the current Bitcoin price has more room to grow. Forecasts suggest that Bitcoin could reach anywhere between $130,000 and $200,000 by the end of 2025.
One reason behind this Bitcoin price prediction is the recent “halving” event that took place in May 2024. After every halving, the reward for mining is cut in half. This reduces new supply and has historically led to large price increases over the next 12–18 months.
So far in 2025, Bitcoin has gained about 70%, rising from below $70,000 in January to over $121,000 in July. This matches past post-halving trends.
Let’s take a look at some important Bitcoin price news and price points that traders and analysts are watching:
Support levels (price floors):
$115,000
$112,500
$107,000
$100,000
Resistance levels (price ceilings):
$120,000 to $123,000
$130,000
$140,000 to $150,000
If Bitcoin holds above the $115,000 range and breaks $123,000, it could make a strong move toward $130,000 and higher.
Bitcoin continues to show strong growth in 2025. The price surge is being driven by institutional buying, government-friendly policies, and public demand through ETFs. While risks and corrections remain part of the journey, the long-term trend remains upward.
If Bitcoin price today maintains its momentum and breaks key resistance levels, it could soon enter a new price range beyond $130,000. However, short-term investors should watch for pullbacks and manage risks wisely.
With growing interest from both governments and corporations, Bitcoin is becoming more than just a speculative asset; it is positioning itself as a serious global store of value.
