Will Bitcoin Hit the Moon or Crash Back to Earth?

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Bitcoin, the digital currency that’s been making headlines for years, has once again reached new heights. It’s touched a shiny, new all-time high of $123,000, and analysts are buzzing like bees in a honey pot. Over the past seven days, the market has grown by 1.4%, and in the last 24 hours alone, it surged by 3.7%. 🚀💸

How Has Bitcoin Performed So Far in 2025?

Bitcoin had a negative return of -11.7% in Q1 2025, despite January’s 9.54% gain. However, Q2 saw a strong rebound, with April up 14.2%, May up 11.1%, and June up 2.4%, resulting in a quarterly return of +29.9%. At the start of this quarter, Bitcoin was priced at $105,653.37 and has since risen by around 14% to $122,146. Earlier today, it briefly peaked at $123,000. The rally is supported by a pro-crypto U.S. regime, expectations of lower interest rates, increased government spending, and a strong stock market.

Bitcoin Price Prediction for Next 15 Days

Analysts expect Bitcoin to move between $120,000 and $130,000. Market makers are reportedly buying closer to $120K and selling near $130K, which limits large price swings. Deribit data shows significant open interest for call options at $115,000 and $120,000 for the July 25 expiry. For later expirations like August 1 and August 29, concentrations appear at $140,000 and $150,000, reinforcing the range-bound activity.

Bitcoin’s technical indicators continue to support a bullish trend. The daily RSI stands at 78.17. The 50-day moving average is $107,670.34, the 100-day is at $101,314.77, and the 200-day is $97,133.19. BTC remains well above all key levels, with no signs of divergence.

Will BTC Price See Minor Pullback?

The Bitcoin Volatility Index (DVOL) is currently at 39.61. Low volatility during a price rally is unusual and suggests a potential increase. DVOL is bottoming, which may lead to short-term pullbacks or sideways action. The U.S. Dollar Index (DXY) was at 96.64 at the start of the month and has risen by 1.22%. This gain, supported by a breakout and energy price risks, could temporarily cap Bitcoin’s upside.

Conclusion

Bitcoin remains in a strong uptrend despite the likelihood of short-term consolidation between $120K and $130K. Favorable macro conditions and bullish technical indicators suggest that the broader trend is intact. So, will Bitcoin hit the moon or crash back to earth? Only time will tell, but one thing’s for sure: the crypto world is never boring! 🌕💥

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2025-07-14 14:23