Bitcoin Surges to New All-Time Highs
Bitcoin has climbed more than 14.65% in the past week, reaching a new all-time high of approximately $123,250, according to data from TradingView. The rally has sparked renewed speculation among traders and analysts about how much higher Bitcoin can go in 2025.
The surge has been supported by a combination of technical breakouts, increased institutional inflows, and favourable policy signals. Notably, over $2.7 billion flowed into Bitcoin ETFs last week alone, marking the fifth-largest weekly net inflow since their launch in January 2024. These twelve ETFs now manage a combined $151 billion in assets.
Technical Patterns Point to $130K to $150K Targets
Bitcoin recently confirmed a breakout from a bull flag pattern, typically seen as a continuation signal following a strong rally. The formation featured two downward-sloping parallel trendlines, and the breakout occurred on July 9 with a notable spike in trading volume. Based on the height of the flagpole, this pattern suggests a potential short-term target of around $130,000.

Onchain analyst Axel Adler Jr. also highlighted the importance of the MVRV ratio, a metric that compares Bitcoin’s market value to the average cost basis of holders. According to Adler, when the MVRV reaches 2.75, it often signals that long-term holders are starting to take profits. His analysis places this threshold at a Bitcoin price of around $130,900.
Another bullish pattern in play is the classic cup-and-handle formation, which began developing in January 2025 and recently confirmed a breakout above the $110,000 level. Analyst RJT.WAGMI and others suggest this points to a price target near $150,000, representing a potential 33% gain from the breakout zone. This projection is supported by figures such as Milk Road co-founder Kyle Reidhead and The Kobeissi Letter.
Will Bitcoin Correct After Reaching $150K?
Veteran trader Peter Brandt predicted earlier this year that Bitcoin could reach between $125,000 and $150,000 by August or September. His forecast appears to be materialising, but he has also cautioned that a significant correction could follow. Brandt warned that Bitcoin could retrace by as much as 50% once it hits the upper end of this target range.
While some agree that the market may cool down after hitting $150,000, other analysts remain bullish, arguing that macroeconomic factors, institutional buying, and favourable regulatory developments could extend the rally.
Power Curve Model Predicts $200K Peak
Onchain analyst apsk32’s Power Curve Cycle Cloud model suggests that Bitcoin’s bull cycle may be far from over. This long-term model overlays Bitcoin’s price movements with historical cycle averages and predicts a potential peak of around $200,000 by November or December 2025. According to apsk32, Bitcoin remains well within the historical pattern of past bull markets, which typically peak 18 to 20 months after a halving.

The model also compares Bitcoin’s value in gold ounces rather than fiat currency, revealing that the current cycle looks relatively early when priced in hard money. This divergence has led apsk32 to remain open to the possibility of Bitcoin exceeding $200,000 by year-end, especially as ETF inflows continue and geopolitical uncertainties drive demand for alternative assets.
Market Sentiment Remains Divided
As Bitcoin trades above $122,000, the broader crypto market is closely watching key resistance levels at $130,000 and $150,000. Whether the rally stalls for a correction or pushes toward $200,000 remains to be seen. However, with multiple bullish patterns unfolding and billions in institutional capital pouring in, Bitcoin’s next moves could be crucial in defining the remainder of its 2025 trajectory.