Bitcoin hit a new all-time high at $123,218 on Monday, July 14th. The biggest cryptocurrency wiped out its profits and surpassed the $118,000 level at the time of writing. Bitcoin's recent activities have motivated BTC holders from Satoshi era to move BTC to their OTC desks, possibly making profits.
If BTC continues to extend profits and maintains upward momentum, Bitcoin (BTC) could gather towards a target of over $150,000.
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Bitcoin is the best new hit ever
Bitcoin peaked at $123,218 on Monday, July 14th. The biggest cryptocurrency fell, erasing new profits to above $118,000 on Thursday. Bitcoin was able to collect liquidity with support at $112,794 at the 78.6% Fibonacci retracement level of the rally from its April low to its peak in July.
Two important momentum indicators on the BTC/USDT price chart show that further profits are possible with Bitcoin. The RSI reads 68 and is tilted upwards, and the MACD flushes the green histogram bar above the neutral line. There is a positive fundamental momentum in the price of Bitcoin.
Fibonacci has a target of 127.2% at $136,467 and 161.8% at $153,320, and when Bitcoin sees daily Candlesticks exceed $130,000, it comes in.
The $150,000 goal is psychologically important, with a significant milestone for Bitcoin after $100,000 and a $120,000 level.
BTC/USDT Daily Price Chart | Source: crypto.news
Bitcoin has achieved the greatest new power ever. Gemini's Winklevoss Brothers' $11 million Bitcoin purchases in 2013 went to $11 billion in 2025. A 1000x increase in Winklevoss Brothers' investments supports positive sentiment among traders.
According to The Fear & Greed Index, a sentiment survey for market participants, traders are “greedy” this week.
Bullish sentiment faces profits from traders. Over the past 100 days, BTC holders have consistently benefited from their Bitcoin holdings. Santiment data shows profit/loss metrics that have achieved large and consistent positive spikes in the network between April and July 2025.
Bitcoin Network Realised Profit/Loss | Source: Santiment
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BTC Eyes Rally costs $150,000
Bitcoin's recent profit and price discoveries have given us confidence to both institutions and retailers waiting to deploy capital. Silicon Valley giant Peter Tiel placed a big bet on the BTC mining company and sent stock overnight. Thiel has announced a 9% stake in Bitmine.
The announcement supported a bullish paper on cryptocurrency. As BTC is located to make further profits, there could be gatherings of over $150,000.
At the time of writing, Bitcoin slipped to the $114,000 level and tested support. The Bulls defend Bitcoin support levels, and the retest of resistance is likely to be $116,000, $120,000 and $123,000.
A break beyond three resistance allows Bitcoin to enter price discovery and rally towards its $150,000 goal.
Vikram Subburaj, CEO of Giottus, the exchange platform, commented on Bitcoin's price action and future goals. Subburaj told crypto.news:
“The key issues for Bitcoin are: Where are they heading? $135,000 is the next key resistance in response to the FIB expansion. If macro liquidity remains in favor and ETF flu persists, this growth phase is expected to grow to over $150,000.
Trump's Crypto Week
US President Donald Trump launched Crypto Week with an announcement on social media platform Truthsocial. Trump assured market participants that the House would soon vote for a bill that could make America an uncontroversial leader in digital assets.
Trump said he will work with the House and Senate to pass more laws.
Donald Trump's Truth Social Post | Source: x
The stubcoin law has stagnated, and disagreements have blocked the bill from moving forward previously. It remains to be seen how the three crypto-related invoices will be passed and whether managers are taking more steps to address the crypto market structure.
You might like it too: Peter Thiel acquires 9.1% stake in Tom Lee's Ethereum Treasury Company
On-Chain Analysis
Santiment data shows that the total number of Bitcoin holders increased last week. However, the percentage of exchange supply decreased after the initial spike. As the proportion of BTC supply of profits increased, the supply of exchanges was soaked. This could mean that BTC is being pulled out of exchanges for holdings rather than making profits.
The profit tracking metrics show that they do not show a major surge over the past week. This means that traders in exchange can absorb sales pressure and support Bitcoin price increases.
Bitcoin on Chain Analysis | Source: Santiment
On-chain analysis shows that while Bitcoin retailers are profiting and redistributing their holdings, giants and large wallet investors accumulate through price rallies. The strategy bought almost every bitcoin price dip and added 4,000 BTC, which averages over $111,000 per token. The Giants consistently scooped up Bitcoin in the 2025 Bull Run.
Expert commentary
Andrejs Balans, risk manager for YouHodler, an EU-based FinTech platform, told crypto.news in In The Interview.
“The Bitcoin market is quite mature and this evolution has reduced volatility compared to past cycles due to improved liquidity and participation by professional trading companies.
Following the huge profit this year, many long-term holders have realized profits, which increases market supply. Without fresh demand persisting, this sales pressure could maintain the price range rather than encourage a critical breakout. ”
“We're looking forward to seeing you in the world,” said Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet.
“Currently, the institutions are firmly driving Bitcoin growth, signaling long-term trust with infiltrating beyond ETFs and a sustained accumulation of players like BlackRock and MicroStrategy. Short-term pullbacks seem unlikely. Recursive gatherings, not yet structural change.”
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
