New Bitcoin All-Time High Sets the Tone for Q3 2025
Bitcoin (BTC) surged to a new all-time high of $118,667 on July 11 during the London session, continuing a strong uptrend that has been fueled by robust institutional inflows and rising market confidence. Over the last 24 hours, BTC traded between $116,623 and $118,123, ending near $117,914.
This recent milestone has reinforced bullish sentiment in the crypto market and has prompted several major investment firms to raise their price targets for the remainder of 2025.
Bitwise Predicts Bitcoin Could Reach $200K by Year-End
Bitwise Asset Management’s Chief Investment Officer stated during recent media appearances that the firm expects Bitcoin to exceed $200,000 before the end of the year. This prediction is backed by a number of macro and technical factors:
- Continued accumulation of Bitcoin by corporations and treasuries
- Growth of regulated ETFs, including BlackRock’s IBIT
- Increasing perception of Bitcoin as a macro hedge
The comparison of Bitcoin to the U.S. debt ceiling by hedge fund managers highlights the belief that there’s no upper limit to its value under current economic conditions.
ETF Inflows Break Records: BlackRock’s IBIT Reaches $80 Billion AUM
One of the biggest stories of the week was the explosive growth of BlackRock’s IBIT spot Bitcoin ETF, which became the fastest ETF in U.S. history to reach $80 billion in assets under management. For comparison, Vanguard’s S&P 500 ETF took over 1,800 days to hit that milestone, while IBIT achieved it in just 374 days.
Such momentum from institutional vehicles is cementing Bitcoin’s position as a long-term asset class, rivaling traditional financial products in both scale and velocity of adoption.
Technical Analysis: Market Structure Signals Bullish Continuation
From July 11 to July 12, Bitcoin traded in a tight range, displaying consolidation between $116,600 and $118,200. This pattern suggests strong demand at lower levels and a healthy base formation:
- Support zone established around $116,726
- Resistance tested at $118,226, now forming a potential breakout level
- Final-hour recovery to above $118,000 reflects bullish momentum despite temporary volatility
Institutional volume spikes during sell-offs and swift recoveries imply active market-making and accumulation.
What to Expect Next for Bitcoin Price
With strong technical support, record ETF inflows, and continued interest from major asset managers, Bitcoin remains poised for another leg upward. If current momentum holds, the $130,000 level may be tested soon, with $150K and $200K on the longer-term horizon.
A breakout above the $118,200 resistance zone on strong volume would likely confirm the next major rally phase.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.