#BTC120kVs125kToday
Bitcoin's current price is $118,306, reflecting a 1.8% increase. The cryptocurrency has been fluctuating around the $118,000 mark, with a 24-hour trading volume of $52,660,875,914.27. This represents a 2.30% increase from one day ago, signaling recent market activity.
*Key Statistics:*
- *Market Capitalization*: $2,352,928,970,534
- *24-Hour Trading Volume*: $52,660,875,914
- *Circulating Supply*: 19,894,281 BTC
- *All-Time High*: $123,091.61 (reached on July 14, 2025)
- *All-Time Low*: $67.81 (on July 6, 2013)
*Market Analysis:*
Bitcoin's price action has been bullish, with some analysts predicting further upside potential. The cryptocurrency's realized capitalization has surpassed $1 trillion, indicating strong long-term conviction. However, other indicators, such as the SOPR (Spent Output Profit Ratio), suggest a potential 10-20% pullback.¹
*Comparison of $120k and $125k:*
Given Bitcoin's current price of $118,306, reaching $120,000 seems feasible in the short term, considering its recent price surge. However, breaking through to $125,000 might be more challenging, as it would require a significant 6% increase from the current price. Analysts predict Bitcoin could continue its upward trajectory, but market volatility and external factors may influence its price.²
$BTC