Bitcoin might be heading to $150,000 after surging to a brand-new all-time high of $112,000 on Wednesday, according to a Bitcoin bull.
” See you at $150k,” Milk Roadway co-founder Kyle Reidhead stated in an X post on Wednesday, referencing a previous post in late June revealing a “bullish cup and deal with” development that he stated will press Bitcoin (BTC) to $150,000.
The optimism follows 2 weeks of tight combination, which saw numerous experts worried Bitcoin might not have the strength to pass its previous record high in May.
Bitcoin’s much-needed increase
The brand-new all-time high appears to have actually come at great timing.
Simply hours before Bitcoin’s brand-new high, financial expert Timothy Peterson informed Cointelegraph that if Bitcoin does not strike brand-new highs within the next 2 weeks, the possession most likely will not have the ability to come close till October.
Market belief is increasing, too. The Crypto Worry & & Greed Index, which determines total crypto market belief, increased 5 indicate a “Greed” rating of 71 out of 100.
On The Other Hand, the CoinMarketCap Altcoin Season Index signifies the marketplace is still greatly preferring Bitcoin, with a “Bitcoin Season” rating of 26 out of 100.
From a technical perspective, Bitcoin appears to have actually broken out of its current drop, according to crypto expert Matthew Hyland. “BTC verifies day-to-day higher-high and verifies an end to the drop that began in late Might,” Hyland stated in a post on Wednesday.
” Bulls remain in control,” Hyland stated.
Bitcoin is presently trading at $111,383, according to TradingView information.
The Cointelegraph Markets Program!
Burning concern: Will Bitcoin struck $150K by year-end or is it simply hopium?@HorusHughes and @bitcoinwallah sign up with @rkbaggs to break everything down in 15 minutes or less on today’s episode.https:// t.co/ YVesqoLwnA
— Cointelegraph (@Cointelegraph) July 9, 2025
In remarks sent out to Cointelegraph, eToro expert Josh Gilbert stated, “This is the very first genuine booming market where institutional involvement is front and center.”
Related: Bitcoin expert cautions time ‘going out’ for another BTC cost parabolic rally
” Strong ETF inflows and a strong macro background have actually assisted drive market momentum, however maybe the most important shift is who’s purchasing,” he included. In July alone, there have actually been around $1.04 billion inflows into US-based area Bitcoin ETFs, according to Farside information.
Coinstash co-founder Mena Theodorou echoed a comparable belief. “It is clear that this momentum is being driven by organizations, not retail financiers,” Theodorou stated.
” Even in the face of worldwide unpredictability, from intensifying trade stress to increasing geopolitical dangers, Bitcoin has actually stayed resistant,” he included.
Bitcoin record high catches traders off guard
Not all market individuals were expecting a brand-new Bitcoin high.
Simply a day previously, on Tuesday, Bitfinex experts stated that traders beware about purchasing Bitcoin at its present level, as the cryptocurrency is having a hard time to discover the strength to break above its all-time high.
Bitcoin traders’ leveraged positions likewise reveal a comparable story. Over the previous 24 hr, around $217.55 million in Bitcoin brief positions were liquidated, according to CoinGlass information.
Information likewise reveals there is $1.6 billion simply put positions at threat of liquidation if Bitcoin relocations another couple of thousand dollars to $115,000.
On the other hand, Santiment belief information on Tuesday revealed the greatest Bitcoin belief ratio in the previous 3 weeks. Santiment expert Brian Quinlivan warned that comparable spikes in trader optimism were followed by Bitcoin cost drops on June 11 and July 7.
Publication: High conviction that ETH will rise 160%, SOL’s belief chance: Trade Tricks
This post does not consist of financial investment suggestions or suggestions. Every financial investment and trading relocation includes threat, and readers need to perform their own research study when deciding.