Bitcoin (BTC)'s ongoing bulls show no signs of delay as it predicts assets could reach $200,000 by 2025.
To this end, according to a July 11 post on X, trading expert Michaëlvande Poppe predicts it will reach a record high of $250,000 by the fourth quarter of 2025.
He expects the maiden's digital assets to reach $125,000 in July, rising to $150,000 by the end of the quarter, and ultimately targeting $250,000 at the end of the year.
Poppe's outlook is led by Bitcoin's ability to decisively break the $110,000 and $112,000 resistance zones that concluded the previous rally.
He said liquidity fell below $105,000 in late June and then accumulated around $100,400 and $105,000, paving the way for a breakout. The recent move above $110,000 has shown strong buying momentum, accompanied by an increase in volume.
Short-term pullbacks are possible as liquidity is absorbed over $112,000, but Poppe considers $125,000 and $150,000 as short-term targets, and if these levels collapse, the potential parabolic driving would be $250,000.
Important Bitcoin Price Levels to Watch
Apart from that, a pseudonym analyst Bitbull, A similar target was reflected in a post on July 12th. He noted that after breaking $117,000, Bitcoin could push towards $120,000 in the coming days, and that the subsequent integration period continued.
This pattern is similar to February 2024, he said. Bitbull Project Bitcoin can go to $135,000 and $140,000, marking a potential local top.
Bitcoin price analysis
At the time of writing, Bitcoin is trading at $117,810, representing more than 8% profit in the past week.
Technically, Bitcoin remains bullish, far surpassing the 50-day Simple Moving Average (SMA) at $106,967 and $88,448 over the 200-day SMA. However, a 14-day relative strength index (RSI) of 72.85 informs the condition of the bought condition, suggesting the risk of short-term pullbacks when momentum cools.
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