Bitcoin hits new all-time high in multiple markets globally, eyes $131,000 in August

Bitcoin’s caller rally has seen the starring integer plus breach $122,000, though it inactive falls abbreviated of its July 2025 highest of $123,000.

According to CryptoSlate’s data, Bitcoin roseate by implicit 3% successful the past 24 hours, reaching a precocious of $122,321 earlier somewhat retracing to $121,449 astatine the clip of writing.

Despite the insignificant pullback, Bitcoin has already reached caller all-time highs successful respective planetary markets, surpassing erstwhile records successful section currencies.

According to CoinMarketCap data, Bitcoin has breached the £90,000 people successful the UK and reached caller highs successful countries similar Canada, Japan, India, Argentina, Nigeria, and Pakistan.

Vincent Liu, CIO of Kronos Research, told CryptoSlate that this show shows that planetary liquidity and momentum are strengthening crossed markets.

According to him:

“[Bitcoin is] already hitting caller peaks successful pounds, pesos, and different fiats. With shifting currency dominance beyond the dollar, planetary liquidity and momentum are strengthening crossed planetary markets.”

When volition Bitcoin interruption different precocious successful USD?

Considering Bitcoin’s planetary performance, Praevisio, a Bitcoin analyst, remains bullish connected BTC’s aboriginal price.

Praevisio noted that Bitcoin’s caller uptrend has swept up each resting liquidity, created a ample CME spread connected the mode up, and established caller request zones.

Due to this, Praevisio’s monthly outlook for the apical crypto is positive. He forecasts a 90% accidental of BTC reaching $131,000 this period and estimates a 23% accidental of revisiting the monthly low.

On the different hand, analysts astatine Bitunix speech told CryptoSlate that macroeconomic factors, including the upcoming merchandise of the Consumer Price Index (CPI) and Moody’s imaginable recession forecast for the US, could interaction marketplace sentiment and displacement BTC’s terms trajectory successful the abbreviated term.

Nonetheless, Bitunix analysts judge that if BTC maintains its beardown measurement and closes supra $120,000, it could people $124,000 to $127,000 next.

Conversely, should Bitcoin neglect to interruption the $120,000 absorption oregon signifier a agelong precocious wick, a retracement to $116,000 to $114,000 is likely.

The station Bitcoin hits caller all-time precocious successful aggregate markets globally, eyes $131,000 successful August appeared archetypal connected CryptoSlate.