Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum.
\n$200K in 2025 is unlikely without stronger volume support.
\nLong-term outlook remains bullish despite short-term hurdles.<\/p>\n
Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity.<\/p>\n
However, Bitcoin (BTC)<\/a> will have to overcome the short-term resistance levels and overbought conditions that have temporarily capped its upward momentum.<\/p>\n At press time, Bitcoin (BTC) was trading at around $118,584 after hitting a recent high of $122,838 on July 14.<\/p>\n And while it is still 77% up over the past year, momentum has slowed in recent sessions.<\/p>\n Notably, the pullback can be attributed to Bitcoin attempting to offload overbought signals on the Relative Strength Index (RSI), especially after repeated rejection at the $120,000 level.<\/p>\n Technical data reveals that the BTC\/USDT pair is facing stiff resistance near this psychological threshold, where previous rallies have faltered.<\/p>\n\n Despite this, the price remains comfortably above its 50-day Exponential Moving Average (EMA), which continues to serve as a dynamic support.<\/p>\n As long as Bitcoin maintains this position, the broader bullish trend remains intact.<\/p>\n The Bitcoin Futures, Jul-2025 (BTC=F) mirrors the spot market\u2019s hesitation.<\/p>\n Notably, the Bitcoin Futures\u2019 price action, as evident on Yahoo Finance<\/a>, remains locked between key pivots ($123,875 on the high end and $115,340 below).<\/p>\n The central pivot point of $120,615 has become a battleground, with neither bulls nor bears showing dominance.<\/p>\n A breakout above $126,015, which aligns with the upper channel trendline, could spark renewed buying interest and potentially send prices toward the $129,000\u2013$132,000 range.<\/p>\n On the flip side, failure to reclaim $120,615 could expose the contract to a retracement toward $115,340, with downside risk extending to $112,000 if support breaks.<\/p>\n Volume profile data supports this indecisiveness. Most of the recent trading activity has clustered between $118,000 and $122,000, highlighting this zone as a significant liquidity area.<\/p>\n For any breakout to sustain, a corresponding uptick in volume must accompany it \u2014 something that has yet to materialise.<\/p>\n Fueling speculation further, a long-dormant Bitcoin whale recently moved 10,606 BTC, worth approximately $1.3 billion.<\/p>\n HUGE $BTC<\/a> MOVEMENT \u2014 Dormant Whale Wakes Up and Transfers 10,606 BTC ($1.26B)<\/p>\n Be alert \u2014 major Bitcoin movement detected.<\/p>\n In the past 5 hours, three wallets, likely controlled by the same long-term whale, have collectively transferred 10,606 BTC \u2014 worth around $1.26 billion \u2014\u2026 pic.twitter.com\/UltvrUPlPn<\/a><\/p>\n \u2014 EyeOnChain (@EyeOnChain) July 23, 2025<\/a><\/p>\n\n This reactivation, after years of inactivity, has raised questions about the whale\u2019s intentions\u2014be it profit-taking, institutional over-the-counter (OTC) deal prep, or strategic reallocation.<\/p>\n Such large-scale movements often impact market sentiment, particularly when they occur near price peaks.<\/p>\n If these funds are moved to exchanges, the threat of a large selloff increases.<\/p>\n Conversely, if transferred to cold storage, it may indicate confidence in Bitcoin\u2019s long-term trajectory. For now, the market remains watchful, not reactive.<\/p>\n External forces are also adding fuel to Bitcoin\u2019s long-term prospects.<\/p>\n Trump Media and Technology Group recently acquired nearly $2 billion worth of Bitcoin using proceeds from stock sales and bonds.<\/p>\n This move coincides with increased US legislative support for crypto, including the passage of the GENIUS stablecoin bill and proposals for a Strategic Bitcoin Reserve.<\/p>\n Moreover, Bitcoin-backed borrowing is gaining traction. Xapo\u2019s BTC-collateralised lending product recorded a 24% increase in Q2 usage, particularly in Europe and Latin America.<\/p>\n This trend suggests that holders are increasingly seeking liquidity solutions without having to sell their BTC, a dynamic that could reduce short-term selling pressure.<\/p>\n Despite short-term hurdles, several analysts believe Bitcoin remains on a long-term path toward $200,000\u2014just not in 2025.<\/p>\n Glassnode lead analyst James Check, in a recent interview with Pahueg at Less Noise More Signal<\/a>, stated that while hitting $200,000 by year-end is \u201cvery improbable\u201d due to insufficient buying volume, he fully expects BTC to exceed that mark within five years.<\/p>\n His outlook reflects broader sentiment: without follow-through volume, even strong rallies risk unravelling.<\/p>\n Others, including Bitwise\u2019s Matt Hougan and Bernstein Research, maintain bullish 2025 targets based on anticipated institutional demand and the growing influence of Bitcoin ETFs.<\/p>\n However, analysts emphasise that BTC must first stabilise above $130K, $140K, and eventually $150K to credibly approach the $200K zone.<\/p>\n These milestones represent both technical and psychological resistance levels.<\/p>\n The post Bitcoin price prediction: $200K within reach once BTC clears overbought hurdle<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) must clear the $120,000 resistance to resume upward momentum. $200K in 2025 is unlikely without stronger volume support. Long-term outlook remains bullish despite short-term hurdles. Despite recent pullback after hitting a new all-time high, Bitcoin price predictions remain bullish amid a mix of political support, institutional interest, and speculative whale activity. However, Bitcoin […]<\/p>\n","protected":false},"author":0,"featured_media":4350,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4349"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4350"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}BTC faces a key resistance hurdle at $120,000<\/h2>\n
Futures market signals continued consolidation<\/h2>\n
Whales stir, but caution remains<\/h2>\n
Macro and political tailwinds support BTC\u2019s growth<\/h2>\n
The $200k Bitcoin price prediction<\/h2>\n