$BTC Bitcoin (BTC) is experiencing a significant rally in July 2025, hitting new all-time highs above $118,000. This surge is primarily driven by strong institutional demand, fueled by inflows into spot Bitcoin ETFs, and its growing perception as a "digital gold" amidst global economic and geopolitical uncertainties.

The market sentiment remains bullish, with analysts predicting BTC could reach $128,000-$132,000 by the end of July and potentially $145,000-$150,000 by Q4 2025. The 2024 halving event, which reduced new Bitcoin supply, continues to play a role in its scarcity-driven value proposition. Regulatory clarity, particularly with "Crypto Week" in the US House of Representatives next week, is also contributing to investor confidence.