The price of Bitcoin has experienced significant growth recently, especially on July 11, 2025, when it broke past old records and surpassed $116,000. The overall trend indicates cautious optimism from analysts and investors.
Bitcoin price trend assessment:
Dominant upward trend: Based on current information, Bitcoin is in a strong bullish trend. Breaking through previous highs indicates overwhelming buying pressure. Driving factors include:
Cash flow from Bitcoin spot ETFs: This is the main driver, showing increasing acceptance from institutional investors.
Halving event (April 2024): History shows that Halving is often a catalyst for strong price increases in the following months and years.
Favorable macroeconomic environment: Monetary policies and the global economic situation also positively impact the cryptocurrency market.
Interest from governments and large organizations: Government support (as mentioned by President Trump) also creates a positive sentiment.
Short-term correction potential: Although the trend is upward, the cryptocurrency market always carries the risk of corrections. After a strong increase, short-term price declines to 'cool off' are normal. Technical analysts will look for bearish divergence signals on indicators like RSI or reversal candlestick patterns (e.g., Shooting Star, Bearish Engulfing) to predict these corrections. However, according to Matrixport, the risk of a significant correction in 2025 is 'not too large' due to strong buying pressure.
Next price target:
If Bitcoin continues to maintain above $116,000, experts believe the price could quickly rise to the range of $160,000 - $165,000 in the near future, and even $200,000 by the end of 2025.
Important support levels to note if there is a correction are $106,000 and $107,000.
Price chart (simulated based on updated information):
Below is a description of the Bitcoin price chart based on updated information. Please note that this is a simulation based on text data; I cannot create a chart directly here. You can find live charts on trading platforms like TradingView, CoinMarketCap, Binance, Kraken, etc. to see real-time charts.
Assumed daily candlestick chart (D1) or weekly (W1):
Y-axis: Bitcoin Price (USD)
X-axis: Time (e.g., from late 2024 to mid-2025)
Key points on the chart (description):
Late 2024 - early 2025: Bitcoin prices may show an upward trend, with possible minor corrections but still maintaining the upward momentum. Green (or white) candles dominate, with long candle bodies indicating strong buying pressure.
Early 2025: There may be an acceleration, with large candles indicating strong upward momentum, reinforcing market confidence.
July 2025 (current): The chart will show a large green candle (or a series of consecutive green candles) with a closing price exceeding previous highs, surpassing $116,000. There may be a small upper wick if there is a slight price correction immediately after reaching the highest peak, indicating selling pressure at that price level, but buying pressure remains strong enough to push the closing price high.
Support and resistance lines:
Resistance line: Old price peaks that have been broken (e.g., previous peaks around $116,000) will become potential support areas in the future.
Support line: Price levels where Bitcoin has strongly bounced back in the past (e.g., around $90,000, $73,000 if there are deeper corrections in the past). Currently, the nearest support levels may be around $112,214 and $110,174.
Upward trend line (Trendline): An upward sloping line connecting progressively higher lows, indicating the overall upward trend is being maintained.
Example of a simple chart structure (visualization):
Price (USD)
^
| Current price (116k+)
| /
| /
| /
| /
| /
| /
| /
| /
| /
| /
| /
| /
+-------------------------------------> Time
Late 2024 -> Early 2025 -> Mid 2025
Summary:
The future price trend of Bitcoin is assessed to be positive growth, with the potential to establish new highs, supported by cash flow from ETFs and the post-Halving effect. However, investors need to remain vigilant for corrections and manage risks due to the high volatility of the market. Monitoring candlestick charts and technical indicators on specialized platforms will help you gain the most detailed and updated insights.
