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Bitcoin trades near all-time highs, driven by institutional demand and ETF inflows.
Bitcoin is trading strongly above $109,000 after touching the $110,500 level on Friday, only 1.2% away from its all-time high levels.
The flagship cryptocurrency experienced a correction after better-than-expected US jobs data dashed hopes for a July rate cut, but bullish momentum remains visible.
The market rotation during this cycle is proving to be the most seamless, with BTC dominance soaring ever higher as the Bitcoin ecosystem is expanding at a rapid rate.
Bitcoin’s next big move
The latest spurt to great heights by Bitcoin is being carried out in the shadow of all-time highs and a surge in institutional demand.
Having closed June at an all-time high of over $107,000, both the technicals and market sentiment appear to be showing a potential bounce to around 115-125K in July 2025, particularly when Bitcoin breaks through the critical resistance zone at 110K.
In May, Bitcoin surged to over 112K due to the inflow of ETF and institutional adoption, with Ethereum and Solana being left behind.
Regardless of the mixed market performance, Bitwise is confident that it will double on a $200K Bitcoin mark in 2025 , citing an unstoppable institutional demand and a bullish spirit in the second half of the year.
Other analysts predict even higher Bitcoin prices this cycle, with Robert Kiyosaki forecasting a range of $180,000 to $350,000.
Meanwhile, ARK Invest projects Bitcoin could hit $1.5 million by 2030, assuming continued adoption and a more favourable regulatory environment.
