$BTC In recent days, Bitcoin (BTC) has reached new all-time highs, surpassing the threshold of 123,000 USD around July 14, before stabilizing between 119,000 and 120,000 USD. This rally has been driven by three main factors:

1. Regulatory clarity in the USA – Congress is discussing a series of laws (“Crypto Week”) including the Genius Act and the Clarity Act, with broad bipartisan support and even Trump's intervention to promote favorable regulation.

2. Flood of institutional capital – Bitcoin ETFs (like BlackRock's IBIT) have recorded record inflows: over 51 billion USD in revenue in 2025, with more than 1 billion USD in just one day.

3. US strategic reserve – The executive order of March 2025 provides for a federal reserve of bitcoin, strengthening the credibility of the asset and stimulating government-level trust.

However, some experts warn about the risk of a “bubble.” University analysts have expressed doubts about the sustainability of the rally, highlighting overbought technical indicators.

Forecasts for the end of 2025 remain bullish: authoritative voices (Finder, Standard Chartered) estimate an average price between 145,000 and 200–250,000 USD. The growth is seen as supported by institutional adoption and regulatory backing, although volatility and possible corrections remain factors to consider.

📌 In summary: Bitcoin is experiencing a peak maturation phase, with substantial institutional inflows, a favorable regulatory framework, and government legitimization. But risks are not lacking: significant fluctuations and excessive speculation could lead to substantial setbacks. In the short term, we may see consolidation movements or pullbacks. In the long term, however, the outlook remains predominantly positive.