Bitwise CIO Matt Hougan predicts Bitcoin could reach $200K by 2025, citing fundamental and on-chain strength.
Bitcoin hits a new all-time high of $118,403 on July 11, 2025, with analysts pointing to $120K as the next resistance level.
Bitcoin's technical analysis signals more upside after breaking out of a year-long descending channel, supported by bullish momentum indicators.
Factors fueling Bitcoin's rally include anticipation of the halving, increasing whale accumulation, macroeconomic trends, and growing institutional trust in Bitcoin ETFs.