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Bitcoin bulls are making a tally astatine $120,000 again, but astir traders are wondering what it takes to get to $150,000.
Key takeaways:
Bitcoin marketplace operation and multi-faceted adoption inactive enactment a longer-term rally to $150,000.
Regulatory tailwinds, on with the Trump administration’s expansionary economical mandate, enactment a BTC terms rally to $150,000 and higher.
Bitcoin (BTC) is making a tally backmost toward the $120,000 level, but astir traders privation to cognize what it volition instrumentality to spark a rally to $130,000 and $150,000.
From a method constituent of view, the Sunday nighttime rally supra $120,000 was the effect of a futures-market-driven abbreviated compression that resulted successful much than $1 cardinal successful liquidations crossed the crypto market.
According to Cointelegraph's caput of markets, Ray Salmond, portion the spot follow-through needed to prolong prices supra $120,000 is not easy discerned connected centralized exchanges,
“A strong, planetary spot bid is ever contiguous via the Bitcoin ETFs, publically listed companies actively gathering BTC treasuries, and an assortment of companies investing successful Bitcoin infrastructure.”With the merchandise of this week’s CPI and PPI information and the marketplace having clip to digest the caller signifier of Trump tariffs, which spell into effect connected Aug. 1, the risking-off that was seen astatine the Wall Street unfastened connected Monday and Tuesday appears to person passed.
— Cointelegraph (@Cointelegraph) July 16, 2025Positive newsflow specified arsenic President Trump managing to person the US House to successfully walk a procedural question which would let the GENIUS stablecoin measure and the Digital Asset Market Clarity Act to proceed to a last vote, a 3-month precocious successful spot BTC ETF inflows and quality that Cantor Fitzgerald and Adam Back are connected the verge of a SPAC that would effect successful Cantor Equity Partners receiving up to 30,000 Bitcoin each play a relation successful boosting sentiment.
Related: Three US crypto bills revived aft archetypal nonaccomplishment successful House vote
On the Bitcoin regular chart, explicit confirmation of the inverse head-and-shoulders signifier occurred arsenic terms closed supra $112,000 connected Thursday, and the signifier has a people astatine $143,000.
BTC/USD 1-day chart. Source. Aksel Kibar / X Currently, futures marketplace enactment continues to thrust terms find and intra-day terms moves done liquidations, and to spot a much sustained tally toward $150,000, successive regular closes supra $130,000 are needed.
BTC/USDT 1-day chart. Source: Velo DataThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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