Bitcoin (BTC)
price has exploded past $122,000 today, marking another aggressive push toward
its all-time high (ATH) as institutional demand and favorable economic
conditions create perfect storm conditions. The world’s leading cryptocurrency
is currently trading at $121,625, representing a 2.8% surge that has
market analysts eyeing the critical $140,000 target zone.
The bullish
price action comes as Bitcoin buyers mount their second assault on the 1.618%
Fibonacci golden ratio above $122,000, a mathematically significant
resistance level that has proven stubborn in previous attempts.
In the
article below, I analyze why the Bitcoin price is going up today, conduct a
technical analysis of the BTC/USDT chart using my 10+ years of market
experience, and review the latest Bitcoin price predictions from analysts and
banks.
Why Bitcoin Price Is
Surging Today?
The current
Bitcoin price rally is driven by several converging factors that have created
an exceptionally bullish environment:
- Institutional Treasury
Rebalancing:
Major corporations are rapidly expanding Bitcoin allocations following
regulatory clarity - Federal Reserve Policy
Expectations:
Anticipated September rate cuts support risk-on asset performance - Fibonacci Technical Breakout: Bulls challenging the
critical 1.618% golden ratio resistance level - Derivatives Market Positioning: Over $3 billion in open
interest targeting $140,000 strike prices - Reduced Exchange Reserves: On-chain data shows long-term
holders accumulating rather than distributing
Bitcoin’s momentum
has pushed the digital asset to $122,355 during European trading hours, testing
the crucial Fibonacci extension that originates from both the 2018 and 2022
bear market lows. Current market data reveals impressive fundamentals driving
this rally.
The
cryptocurrency commands a $2.33 trillion market capitalization with
robust 24-hour trading volumes hitting $14.38 billion. This represents
sustained institutional interest rather than speculative retail frenzy,
suggesting deeper conviction behind the current price surge.
Technical
indicators paint an increasingly bullish picture. Bitcoin has successfully
defended key support levels and broken through multiple resistance zones,
creating what many analysts describe as a “golden breakout” scenario.
The 0.15% daily gain might seem modest, but the 4.02% weekly performance and
year-to-date momentum tell a compelling growth story.
Bitcoin price today. Source: CoinMarketCap.com
Technical Analysis:
Bitcoin’s Path to New Highs
Based on my
technical analysis of the BTC/USDT chart, during the Monday session on August
11, 2025, the price of the world’s oldest and largest cryptocurrency tested the
$122,335 level, the highest since mid-July, when the same chart showed an
all-time high of $123,218. While Bitcoin has reached new peaks against some
currencies on certain exchanges today, it still falls short by just under
$1,000 compared with those previous records. Nevertheless, Bitcoin is once
again challenging a key technical resistance level and has broken through the
psychological barrier of $120,000, which could pave the way for a new price
discovery phase.
The crucial
factor will be how the price behaves by the close of the session. If it manages
to end the day above $120,000, something that did not happen at the previous
ATH, as the price corrected sharply before the close, this would mark the
highest daily close in history, potentially opening the door for further
appreciation. While predicting the exact direction is closer to gazing into a
crystal ball, Fibonacci extensions can provide guidance. Measuring the trend
from the April lows to the July highs and then the pullback to around $110,000
in August, the 61.8% extension lies near $127,000, the 100% extension just
below $137,000, and the 161.8% extension around $153,000.
Bitcoin price technical analysis. Source: Tradingview.com
I see these
as medium- and long-term upside targets for Bitcoin. Notably, these levels
align with forecasts from major institutions, including banks and well-known
analysts, who also project $150,000 or higher by late 2025 and into 2026.
Bitcoin Price Predictions
from Leading Experts
Industry
luminaries maintain aggressively bullish long-term targets despite short-term
volatility concerns. The following table summarizes major Bitcoin price
predictions from respected market participants:
Expert/Source | Prediction | Timeframe |
Cathie Wood (ARK Invest) | $1,000,000 | By 2030 |
Standard Chartered | $500,000 | Medium-term |
Crypto Derivatives Market (Deribit) | $140,000 | Near-term |
Cathie Wood
of ARK Invest projects Bitcoin reaching $1 million by 2030, citing network
effects and institutional adoption as primary catalysts. Her analysis focuses
on Bitcoin’s role as a monetary network that grows exponentially with user
adoption.
Standard
Chartered’s research team forecasts $500,000 as a medium-term target,
emphasizing Bitcoin’s role as digital gold in an increasingly uncertain
macroeconomic environment. Their analysis focuses on supply scarcity and
growing demand from sovereign wealth funds.
The $140,000
call option represents the most popular strike price on Deribit
derivatives exchange, with over $3 billion in notional open interest. This
suggests professional traders expect significant upside potential from current
levels, creating natural momentum as the contract approaches expiration.
Yuo can also check a bearish view: How Low Can Bitcoin Go? Arthur Hayes’ BTC Price Prediction Suggests That Crypto May Go Down And Hit $100K
Institutional Adoption
Driving Bitcoin Momentum
Major
corporate treasury departments are rapidly expanding their Bitcoin
allocations following recent regulatory clarity. The approval of spot Bitcoin
ETFs earlier this year opened floodgates for institutional participation, with
pension funds and endowments now viewing cryptocurrency as a legitimate
portfolio diversifier.
Michael
Saylor’s MicroStrategy continues leading corporate adoption, while newer
entrants like Tesla and Block maintain substantial positions. This
institutional backing provides crucial price stability during volatile periods
and creates natural buying pressure during market dips.
Professional
trading desks report unprecedented demand from family offices and hedge funds
seeking Bitcoin exposure. The maturation of crypto derivatives markets has
enabled sophisticated risk management strategies, making Bitcoin more
attractive to traditional finance professionals.
Federal Policy Changes
Boost Crypto Markets
Recent executive
orders from President Trump allowing cryptocurrency investments in 401(k)
retirement plans have fundamentally altered the regulatory landscape. This
policy shift eliminates previous barriers preventing millions of Americans from
accessing Bitcoin through employer-sponsored retirement accounts.
Simon Peters, crypto analyst at eToro, Source: LinekdIn
“Crypto markets have advanced from their recent lows, with Bitcoin on the verge of setting a new all-time high, as President Trump signed an
executive order last week allowing 401(k) plans to invest into cryptoassets
marking another step forward toward mainstream adoption of crypto in the United
States,” said Simon Peters, the crypto analyst at eToro.
Federal
Reserve policy expectations continue supporting risk assets like Bitcoin.
Despite upcoming inflation data that may show core CPI rising 0.3% in July,
market strategists believe the Fed remains committed to interest rate cuts in
September. Lower interest rates typically benefit alternative assets as
investors seek higher-yielding opportunities.
The
regulatory clarity extends beyond domestic policy. International coordination
on cryptocurrency regulation has reduced uncertainty, encouraging cross-border
institutional adoption and creating more predictable operating environments for
crypto businesses.
XRP Price Rally Adds to
Crypto Market Optimism
In addition
to Bitcoin, the broader cryptocurrency market is also advancing today. XRP has
strengthened by about 3.5% since the morning, testing the $3.33 level and
challenging local resistance defined by the highs from early this month and
mid-July. Ethereum is also performing strongly, extending local highs for the
third consecutive day and testing nearly $4,350 on Monday.
The rally
follows the formal dismissal of the SEC’s case against Ripple Labs, removing a
major regulatory overhang that had suppressed institutional interest for years.
XRP’s
institutional trading volumes exploded 208% to $12.40 billion, indicating
massive corporate repositioning following the legal resolution. The $3.15-$3.16
support zone has emerged as a crucial technical level, with resistance
appearing at $3.24-$3.27.
Open
interest in XRP derivatives jumped 15% to $5.90 billion, demonstrating
aggressive positioning from large players anticipating continued upside. Some
institutional research desks now target $4.50-$5.00 as potential medium-term
objectives for the digital asset.
Why XRP Is Outperforming
Other Altcoins
The Ripple-SEC
settlement represents more than legal closure. It establishes regulatory
precedent for other cryptocurrency projects facing similar challenges. XRP’s
utility in cross-border payments has attracted renewed attention from financial
institutions seeking efficient settlement solutions.
Corporate
treasury departments that previously avoided XRP due to regulatory uncertainty
are now reassessing their positions. The asset’s established infrastructure and
enterprise partnerships position it advantageously as institutional adoption
accelerates across the broader cryptocurrency ecosystem.
Technical
analysis reveals XRP breaking through multi-month consolidation patterns with
strong volume confirmation. The combination of regulatory clarity,
institutional flows, and technical breakouts creates compelling conditions for
sustained price appreciation.
Risk Factors and Market
Considerations
Despite
overwhelming bullish sentiment, prudent risk management remains
essential given cryptocurrency’s inherent volatility. Key risk factors
to monitor include:
- Inflation Data Impact:
Tuesday’s CPI report could trigger short-term volatility if significantly
above expectations - Technical Resistance: The
$122,000-$125,000 zone may prove challenging without sustained
institutional buying - Regulatory Changes: Policy
announcements could impact trading conditions or institutional
participation - Market Sentiment Shifts: Rapid
changes in risk appetite could affect cryptocurrency valuations
Technical
resistance levels around $122,000-$125,000 may prove challenging to overcome
without sustained institutional buying pressure. Previous failed attempts at
similar levels demonstrate the importance of volume confirmation and
follow-through buying to validate breakouts.
Bitcoin (BTC)
price has exploded past $122,000 today, marking another aggressive push toward
its all-time high (ATH) as institutional demand and favorable economic
conditions create perfect storm conditions. The world’s leading cryptocurrency
is currently trading at $121,625, representing a 2.8% surge that has
market analysts eyeing the critical $140,000 target zone.
The bullish
price action comes as Bitcoin buyers mount their second assault on the 1.618%
Fibonacci golden ratio above $122,000, a mathematically significant
resistance level that has proven stubborn in previous attempts.
In the
article below, I analyze why the Bitcoin price is going up today, conduct a
technical analysis of the BTC/USDT chart using my 10+ years of market
experience, and review the latest Bitcoin price predictions from analysts and
banks.
Why Bitcoin Price Is
Surging Today?
The current
Bitcoin price rally is driven by several converging factors that have created
an exceptionally bullish environment:
- Institutional Treasury
Rebalancing:
Major corporations are rapidly expanding Bitcoin allocations following
regulatory clarity - Federal Reserve Policy
Expectations:
Anticipated September rate cuts support risk-on asset performance - Fibonacci Technical Breakout: Bulls challenging the
critical 1.618% golden ratio resistance level - Derivatives Market Positioning: Over $3 billion in open
interest targeting $140,000 strike prices - Reduced Exchange Reserves: On-chain data shows long-term
holders accumulating rather than distributing
Bitcoin’s momentum
has pushed the digital asset to $122,355 during European trading hours, testing
the crucial Fibonacci extension that originates from both the 2018 and 2022
bear market lows. Current market data reveals impressive fundamentals driving
this rally.
The
cryptocurrency commands a $2.33 trillion market capitalization with
robust 24-hour trading volumes hitting $14.38 billion. This represents
sustained institutional interest rather than speculative retail frenzy,
suggesting deeper conviction behind the current price surge.
Technical
indicators paint an increasingly bullish picture. Bitcoin has successfully
defended key support levels and broken through multiple resistance zones,
creating what many analysts describe as a “golden breakout” scenario.
The 0.15% daily gain might seem modest, but the 4.02% weekly performance and
year-to-date momentum tell a compelling growth story.
Bitcoin price today. Source: CoinMarketCap.com
Technical Analysis:
Bitcoin’s Path to New Highs
Based on my
technical analysis of the BTC/USDT chart, during the Monday session on August
11, 2025, the price of the world’s oldest and largest cryptocurrency tested the
$122,335 level, the highest since mid-July, when the same chart showed an
all-time high of $123,218. While Bitcoin has reached new peaks against some
currencies on certain exchanges today, it still falls short by just under
$1,000 compared with those previous records. Nevertheless, Bitcoin is once
again challenging a key technical resistance level and has broken through the
psychological barrier of $120,000, which could pave the way for a new price
discovery phase.
The crucial
factor will be how the price behaves by the close of the session. If it manages
to end the day above $120,000, something that did not happen at the previous
ATH, as the price corrected sharply before the close, this would mark the
highest daily close in history, potentially opening the door for further
appreciation. While predicting the exact direction is closer to gazing into a
crystal ball, Fibonacci extensions can provide guidance. Measuring the trend
from the April lows to the July highs and then the pullback to around $110,000
in August, the 61.8% extension lies near $127,000, the 100% extension just
below $137,000, and the 161.8% extension around $153,000.
Bitcoin price technical analysis. Source: Tradingview.com
I see these
as medium- and long-term upside targets for Bitcoin. Notably, these levels
align with forecasts from major institutions, including banks and well-known
analysts, who also project $150,000 or higher by late 2025 and into 2026.
Bitcoin Price Predictions
from Leading Experts
Industry
luminaries maintain aggressively bullish long-term targets despite short-term
volatility concerns. The following table summarizes major Bitcoin price
predictions from respected market participants:
Expert/Source | Prediction | Timeframe |
Cathie Wood (ARK Invest) | $1,000,000 | By 2030 |
Standard Chartered | $500,000 | Medium-term |
Crypto Derivatives Market (Deribit) | $140,000 | Near-term |
Cathie Wood
of ARK Invest projects Bitcoin reaching $1 million by 2030, citing network
effects and institutional adoption as primary catalysts. Her analysis focuses
on Bitcoin’s role as a monetary network that grows exponentially with user
adoption.
Standard
Chartered’s research team forecasts $500,000 as a medium-term target,
emphasizing Bitcoin’s role as digital gold in an increasingly uncertain
macroeconomic environment. Their analysis focuses on supply scarcity and
growing demand from sovereign wealth funds.
The $140,000
call option represents the most popular strike price on Deribit
derivatives exchange, with over $3 billion in notional open interest. This
suggests professional traders expect significant upside potential from current
levels, creating natural momentum as the contract approaches expiration.
Yuo can also check a bearish view: How Low Can Bitcoin Go? Arthur Hayes’ BTC Price Prediction Suggests That Crypto May Go Down And Hit $100K
Institutional Adoption
Driving Bitcoin Momentum
Major
corporate treasury departments are rapidly expanding their Bitcoin
allocations following recent regulatory clarity. The approval of spot Bitcoin
ETFs earlier this year opened floodgates for institutional participation, with
pension funds and endowments now viewing cryptocurrency as a legitimate
portfolio diversifier.
Michael
Saylor’s MicroStrategy continues leading corporate adoption, while newer
entrants like Tesla and Block maintain substantial positions. This
institutional backing provides crucial price stability during volatile periods
and creates natural buying pressure during market dips.
Professional
trading desks report unprecedented demand from family offices and hedge funds
seeking Bitcoin exposure. The maturation of crypto derivatives markets has
enabled sophisticated risk management strategies, making Bitcoin more
attractive to traditional finance professionals.
Federal Policy Changes
Boost Crypto Markets
Recent executive
orders from President Trump allowing cryptocurrency investments in 401(k)
retirement plans have fundamentally altered the regulatory landscape. This
policy shift eliminates previous barriers preventing millions of Americans from
accessing Bitcoin through employer-sponsored retirement accounts.
Simon Peters, crypto analyst at eToro, Source: LinekdIn
“Crypto markets have advanced from their recent lows, with Bitcoin on the verge of setting a new all-time high, as President Trump signed an
executive order last week allowing 401(k) plans to invest into cryptoassets
marking another step forward toward mainstream adoption of crypto in the United
States,” said Simon Peters, the crypto analyst at eToro.
Federal
Reserve policy expectations continue supporting risk assets like Bitcoin.
Despite upcoming inflation data that may show core CPI rising 0.3% in July,
market strategists believe the Fed remains committed to interest rate cuts in
September. Lower interest rates typically benefit alternative assets as
investors seek higher-yielding opportunities.
The
regulatory clarity extends beyond domestic policy. International coordination
on cryptocurrency regulation has reduced uncertainty, encouraging cross-border
institutional adoption and creating more predictable operating environments for
crypto businesses.
XRP Price Rally Adds to
Crypto Market Optimism
In addition
to Bitcoin, the broader cryptocurrency market is also advancing today. XRP has
strengthened by about 3.5% since the morning, testing the $3.33 level and
challenging local resistance defined by the highs from early this month and
mid-July. Ethereum is also performing strongly, extending local highs for the
third consecutive day and testing nearly $4,350 on Monday.
The rally
follows the formal dismissal of the SEC’s case against Ripple Labs, removing a
major regulatory overhang that had suppressed institutional interest for years.
XRP’s
institutional trading volumes exploded 208% to $12.40 billion, indicating
massive corporate repositioning following the legal resolution. The $3.15-$3.16
support zone has emerged as a crucial technical level, with resistance
appearing at $3.24-$3.27.
Open
interest in XRP derivatives jumped 15% to $5.90 billion, demonstrating
aggressive positioning from large players anticipating continued upside. Some
institutional research desks now target $4.50-$5.00 as potential medium-term
objectives for the digital asset.
Why XRP Is Outperforming
Other Altcoins
The Ripple-SEC
settlement represents more than legal closure. It establishes regulatory
precedent for other cryptocurrency projects facing similar challenges. XRP’s
utility in cross-border payments has attracted renewed attention from financial
institutions seeking efficient settlement solutions.
Corporate
treasury departments that previously avoided XRP due to regulatory uncertainty
are now reassessing their positions. The asset’s established infrastructure and
enterprise partnerships position it advantageously as institutional adoption
accelerates across the broader cryptocurrency ecosystem.
Technical
analysis reveals XRP breaking through multi-month consolidation patterns with
strong volume confirmation. The combination of regulatory clarity,
institutional flows, and technical breakouts creates compelling conditions for
sustained price appreciation.
Risk Factors and Market
Considerations
Despite
overwhelming bullish sentiment, prudent risk management remains
essential given cryptocurrency’s inherent volatility. Key risk factors
to monitor include:
- Inflation Data Impact:
Tuesday’s CPI report could trigger short-term volatility if significantly
above expectations - Technical Resistance: The
$122,000-$125,000 zone may prove challenging without sustained
institutional buying - Regulatory Changes: Policy
announcements could impact trading conditions or institutional
participation - Market Sentiment Shifts: Rapid
changes in risk appetite could affect cryptocurrency valuations
Technical
resistance levels around $122,000-$125,000 may prove challenging to overcome
without sustained institutional buying pressure. Previous failed attempts at
similar levels demonstrate the importance of volume confirmation and
follow-through buying to validate breakouts.
