Bitcoin spent about nine months blocked below $ 110 K before finally overcoming that ceiling this month. The move up to $ 123,000 shows a true purchasing power.
According to Eliteoptionstrader, a cryptocurrency expert, many investors see it as the beginning of something bigger.
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Key catalysts who guide the wave
On the basis of the Eliteoptionstrader exam, one of the major factors is the potential approval of an ETF Ethereum Spot. Bitcoin ETFs have obtained billions from the main institutions and a Greenlight for Ethereum could send more money in cryptocurrency in general, further lifting Bitcoin.
The US elections are now behind and the speech of the cuts to the federal reserve rates at the end of 2025 is feeding the bets on a weaker dollar. Many merchants consider Bitcoin as a shield against political or economic oscillations.
At the same time, Hedge Fund, sovereign wealth funds and pension plans have only small slices of Bitcoin so far. If they decide to jump inside, this could push prices even higher.
Bitcoin’s Road at $ 250k in 2025? 🚀$ BTC He has consolidated under 110k in the last 9 months and in the end he broke out this month. Starting now we have already tested 120k and it seems that we are on course to test 150k in the coming weeks. One thing to note, after something is based on that … pic.twitter.com/gurcucp0d
– Eliteoptionstrader (@Eliteoptions2) July 15, 2025
The long base could support further earnings
The long Bitcoin base under $ 110k establishes a solid base. Breakout after long periods of lateral action often lead to steep gatherings.
However, it is normal for prices to immerse themselves towards the breakout area. An $ 115k – $ 118k Pullback could take place before any great wave. Traders will look at support for $ 118k and resistance near $ 125k.
Brewing Institutional Fomo
Even after the event, the great players immersed only their fingers. Eliteoptionstrader observes that an important wave of allocation – from a large pension fund or an insurance giant – could trigger a new price discovery.
And let’s not forget half of April 2024, which cut half the daily emission of Bitcoin. That shock of the offer often takes several months to show its full effect, but we are already seeing the question that Tick Up.
Even with a strong start, the path is not without dangers. Acute corrections of 10% -20% are part of Crypto genes. Any surprise rules of the main markets could block this race.
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On cautious optimism and objectives
If Bitcoin can cancel $ 127k, the chances of a parabolic move increase abruptly. Based on the analysis of Eliteoptionstrader, an $ 150k test in the coming weeks seems at hand. Having said that, aiming at $ 250,000 within the year will require all these factors to align without a single setback.
The last Bitcoin breakout is exciting, but the traders should keep an eye on the way it manages the new support levels. Driving the tendency can repay, but risk management is as important as to identify the next maximum.
First floor image, Tradingview graphic designer