Bitcoin’s Bullish Surge: Is $120K the Next Stop in 2025?
Bitcoin's dominance is climbing—fast. With bullish momentum building, the crypto king is eyeing its next all-time high. Could $120K be the next target?
Market sentiment flips green as institutional money floods in. Retail FOMO hasn't even peaked yet—classic late-stage bull market behavior.
Technical indicators scream upside. Liquidity pools cluster around six figures, and miners are hodling like it's 2021. Even the SEC's usual saber-rattling can't dampen the rally.
Of course, Wall Street will claim they saw it coming—right after they finish shorting it.
Following the current trends, a total of $963 million in shorts were liquidated over the past 24 hours as the price of bitcoin surged beyond $118,000 to a new all-time high (ATH). This was one of the biggest short squeezes of the BTC crypto in recent times.
🚨 NEW: Over $963 million in shorts were liquidated on July 10 as #Bitcoin surged past $118K to a new all-time high.
One of the biggest short squeezes in recent history. pic.twitter.com/GESSwqFKwg
On the other hand, “IBIT,” the largest Bitcoin ETF that belongs to BlackRock which is the world’s largest portfolio management company, became the fastest growing ETF to reach the $80 billion mark. Notably, it took just 384 days for it to achieve this milestone.
🇺🇸 BLACKROCK #BITCOIN ETF JUST BECAME THE FASTEST ETF TO REACH $80,000,000,000 IN ASSETS
THIS IS WILD!!! pic.twitter.com/3PzNlKCOAV
The BTC price recorded a multi-level breakout over the past 24 hours, resulting in it achieving a new high. At the time of writing, Bitcoin was trading at $117,890.7 with a 24-hour trading volume of $127.42 billion. With this, the dominance of it is now at 63.4401%.
The Bear Bull Power (BBP) shows a significant spike over the past 3 trading sessions. This type of trend indicates rising buying power within the crypto community.
The Bitcoin price could hit $120,000 within a short period of time if the bullish sentiment sustains. Conversely, increased sell orders may result in it plunging toward its lower support levels of $115,000 or $110,000 respectively.
Also Read: Bitcoin ETFs Hit $1.18B in Inflow as bitcoin price Hits All-Time High
