$BTC Bitcoin (BTC), trading at ~$108,000 (July 2025), shows an upward trend after reaching an all-time high of $111,924 in May. Analysts from Standard Chartered project $135,000 for Q3 and $200,000 by year-end, driven by ETF inflows ($14.4B in 2025) and institutional adoption. The U.S. Strategic Bitcoin Reserve and the accumulation by companies like MicroStrategy reinforce its role as a reserve asset. The correlation with global M2 ($113T) suggests a potential of $250,000 if liquidity grows. Technically, BTC consolidates near $108,000, with resistance at $110,000-$116,000 and support at $100,000. A bullish breakout could take it to $165,000. However, volatility persists due to geopolitical tensions and potential corrections (75% of altcoins outperformed BTC in 90 days). The average forecast for 2025 is $125,027, with bullish scenarios up to $223,028. Factors such as Fed rate cuts and stablecoins could spur a rally in Q4, although competition from Ethereum and Solana challenges its dominance. Invest cautiously, monitoring technical levels and macroeconomic news.