Price Analysis View Non-AMP

Bitcoin Price Prediction After $123K Peak – Is $130K the Next Target?

Published by
Vignesh S G and Qadir AK

Bitcoin has touched a new all-time high of $123,000. Over the past seven days, the market has grown by 1.4%, and in the last 24 hours alone, it surged by 3.7%. Analysts now expect Bitcoin to consolidate within the $120,000 to $130,000 range in the short term.

How Has Bitcoin Performed So Far in 2025?

Bitcoin had a negative return of -11.7% in Q1 2025, despite January’s 9.54% gain. However, Q2 saw a strong rebound, with April up 14.2%, May up 11.1%, and June up 2.4%, resulting in a quarterly return of +29.9%.

At the start of this quarter, Bitcoin was priced at $105,653.37 and has since risen by around 14% to $122,146. Earlier today, it briefly peaked at $123,000. The rally is supported by a pro-crypto U.S. regime, expectations of lower interest rates, increased government spending, and a strong stock market.

Bitcoin Price Prediction for Next 15 Days

Analysts expect Bitcoin to move between $120,000 and $130,000. Market makers are reportedly buying closer to $120K and selling near $130K, which limits large price swings.

Deribit data shows significant open interest for call options at $115,000 and $120,000 for the July 25 expiry. For later expirations like August 1 and August 29, concentrations appear at $140,000 and $150,000, reinforcing the range-bound activity.

Bitcoin’s technical indicators continue to support a bullish trend. The daily RSI stands at 78.17. The 50-day moving average is $107,670.34, the 100-day is at $101,314.77, and the 200-day is $97,133.19. BTC remains well above all key levels, with no signs of divergence.

Will BTC Price See Minor Pullback?

The Bitcoin Volatility Index (DVOL) is currently at 39.61. Low volatility during a price rally is unusual and suggests a potential increase. DVOL is bottoming, which may lead to short-term pullbacks or sideways action.

The U.S. Dollar Index (DXY) was at 96.64 at the start of the month and has risen by 1.22%. This gain, supported by a breakout and energy price risks, could temporarily cap Bitcoin’s upside.

Conclusion

Bitcoin remains in a strong uptrend despite the likelihood of short-term consolidation between $120K and $130K. Favorable macro conditions and bullish technical indicators suggest that the broader trend is intact.

FAQs

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

How much will 1 Bitcoin be worth in 2030?

With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

How much will the price of Bitcoin be in 2040?

As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

How high will Bitcoin go in 2050?

By 2050, a single BTC price could go as high as $377,949,106.84

Vignesh S G and Qadir AK

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

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