🚀 Bitcoin Shatters $120,000 Barrier – And This Rally Has Legs!

Bitcoin just rewrote the rulebook—again. The king of crypto smashed through $120,000 like it was tissue paper, leaving Wall Street's 'mature assets' eating its dust.

Why this isn't just another pump:

Institutional whales are circling, retail FOMO is back with a vengeance, and even your Uber driver suddenly remembers his 'DCA strategy.' Meanwhile, gold bugs sob into their safety deposit boxes.

The cynical take:

Sure, banks will finally launch their 'blockchain solutions' now—five years late and with 100x the fees. But today? The orange coin laughs at your doubt.

In Brief

• Bitcoin surpassed $120,000 after three days of rally, reaching an all-time high.
• ETFs, especially BlackRock’s IBIT, hold over 700,000 BTC in their coffers.
• The NUPL indicator remains below the euphoria zone, signaling potential for further growth.
• Donald Trump declares intent to incorporate bitcoin into the national future, enticing crypto markets.

From $112,000 to the thrill of $120,000: the dream turned graphic

The surpassing of $112,000 by bitcoin was a dream, but no. It progressed little by little. Just yesterday it was at $119,000, and now…. All on Coinbase in the middle of the night, at 02:47 UTC, propelling the market into a new phase of euphoria.

is the loudest engine behind this. With more than 700,000 BTC in its portfolio – about 83 billion dollars, it now surpasses MicroStrategy. A tidal wave of inflows that has redefined the balance of power.

And yet, the market does not seem euphoric. Theremains below its critical threshold. It stands at 0.69, far from the 0.75 that usually herald an imminent bubble.

Regulation itself seems to be playing along. Debates in Congress are less tense, presidential candidates are getting involved. Donald Trump, self-proclaimed “crypto president,” is riding this wave:

Bitcoin will be part of our national future. I want America to lead this revolution.

The message is clear: bitcoin is no longer marginal; it becomes a campaign issue.

A bitcoin on institutional steroids: the big players’ game begins

The explosion towards $120,000 is not just speculative frenzy. It tells the story of a silent rise in power, orchestrated by the big names in finance. Spot ETFs like BlackRock’s IBIT or Fidelity’s FBTC are pumping billions, week after week. More than 250,000 BTC have been accumulated recently, according to Glassnode.

Meanwhile, the market remains calm.. The NUPL, still in the neutral zone, suggests intact bullish potential.

On X, analyst Niels summarizes: “If bitcoin breaks the $120,000 resistance, the way to $135,000 to $140,000 will open.“

Some numbers: what the market tells us

• $120,637: peak reached on Coinbase, July 14 at 00:12;
• $121,038: BTC price at the time of writing;
• +29%: bitcoin’s performance since January 2025;
• 700,000 BTC: amount held by BlackRock’s IBIT ETF;
• $3.78T: total crypto market capitalization;
• 3 consecutive record days before reaching $120k.

And tomorrow? Technical projections dare to put the figure at $134,500. But no one really knows how far the beast will go. For now, Bitcoin is the star of a film it is still writing.

But caution. The CEO of Xapo Bank warns: Bitcoin could be chained to a deceptive four-year cycle. According to him, the market is caught in a loop of euphoria and correction too predictable, often misinterpreted. This pattern, if repeated, could trap those who confuse repetition with certainty. Bitcoin’s history is also about the traps it sets for its own faithful.

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