Key takeaways:
- Bitcoin has surged 14.65% over the past week, reaching a new all-time high of approximately $123,250.
- Technical breakout patterns now point to potential targets between $130,000 and $150,000.
Bitcoin has gained over 14.65% in the past seven days, setting a new all-time high of approximately $123,250 on July 14, according to data from Cointelegraph Markets Pro and TradingView.
This week, the US House is scheduled to debate and potentially vote on the Senate’s GENIUS stablecoin framework, with Republicans pushing to advance former President Donald Trump’s crypto-friendly agenda.
Last week, investors poured more than $2.7 billion into Bitcoin ETFs, marking the fifth-largest weekly net inflow since their launch in January 2024. Together, the twelve funds now manage approximately $151 billion in assets.
These strong fundamentals have market participants questioning how much further Bitcoin prices can rise in 2025.
Bitcoin bull flag breakout signals a potential rise to $130,000 next
Bitcoin has entered the breakout phase of a “bull flag” pattern, characterized by two downward-sloping parallel trendlines following a strong upward move (the flagpole).
On July 9, BTC broke above the flag’s upper trendline accompanied by increased trading volumes, confirming a strong breakout. It now aims for a rise to $130,000 by August, based on the flag’s target calculated by adding the flagpole height to the breakout point.
On-chain analyst Axel Adler Jr. also noted that the MVRV ratio, which compares Bitcoin’s market value to the average cost basis of holders, supports the same price target.
Historically, an MVRV ratio of 2.75 signals an early inflection point where long-term holders start taking profits. According to Adler’s latest model, this level corresponds to a Bitcoin price of $130,900.
Additional charts indicate a Bitcoin price target of $150,000
BTC has broken out of a classic cup-and-handle pattern on the daily chart, as noted by analyst RJT.WAGMI. This formation, which started in January 2025, confirms a strong continuation signal after surpassing $110,000.
This pattern now suggests a measured move target of around $150,000, representing a 33.4% gain from the breakout level. Multiple analysts, including Milk Road co-founder Kyle Reidhead and trading newsletter The Kobeissi Letter, have previously projected this price target.
In May, veteran trader Peter Brandt forecasted a Bitcoin rally to the $125,000–150,000 range by August or September, citing a multiyear parabolic uptrend. His prediction has been unfolding accurately as of July.
Brandt cautioned that Bitcoin could face a potential 50% correction after reaching the $125,000–150,000 range. However, other analysts believe the uptrend may extend beyond the $150,000 mark.
Power Curve model suggests Bitcoin could peak at $200,000 by year-end
The Power Curve Cycle Cloud, a widely followed long-term model developed by on-chain analyst apsk32, indicates Bitcoin could surge past the $150,000 target, drawing on historic four-year cycle patterns.
This model overlays Bitcoin’s price with historical cycle averages and upper and lower bounds derived from previous peaks and troughs.
So far in 2025, Bitcoin (represented by the red line) has stayed within the cycle “cloud,” indicating it is still following the behavior seen in previous bull markets.
According to apsk32, if the current cycle continues as expected, Bitcoin could peak near $200,000 by November or December. This timing aligns with past cycle tops, which generally occur around 18–20 months after each halving.
Apsk32 also analyzed Bitcoin’s price in terms of gold ounces rather than US dollars, revealing that the current cycle appears to be in its very early stages when measured against this form of hard money.
That contrast keeps him “open-minded” to a cycle peak well above $200,000, especially with new inflows from ETFs and geopolitical uncertainty fueling demand.
