The crypto world is buzzing. On July 14, 2025, Bitcoin smashed through the $120,000 barrier for the first time. Analysts are racing to predict its next move. Where is BTC headed? Let’s explore the factors driving this rally and what lies ahead.

Bitcoin’s Historic Surge

Bitcoin kicked off the week with a milestone. By 07:22 (MSK), it reached $121,441. The day’s high was $121,584, a new record. Over 24 hours, BTC gained several percent. Check real-time cryptocurrency prices here.

Moreover, the rally lifted the entire market. All top-10 cryptocurrencies by market cap saw gains. For instance, Ethereum and Cardano also climbed. This signals strong bullish sentiment.

Analyst Predictions: New Price Targets

Crypto trader Doctor Profit shared his outlook. He noted that BTC broke out of a “bull flag.” It hit $118,000 without pullbacks. The next target is $122,500. In the medium term, he sees $130,000. Furthermore, the market remains stable. There’s no hype or over-leveraging.

However, the CPI inflation report on July 15 will be crucial. Doctor Profit expects better-than-forecasted data. This could fuel optimism. As a result, BTC might soar to new heights.

Bold Forecasts: $180,000 and Beyond

Charles Edwards, founder of Capriole Fund, is bullish. He believes $120,000 is still cheap for BTC. His confidence points to long-term growth.

Meanwhile, trader “Coosh” Alemzadeh is even bolder. He predicts BTC will hit $180,000 by early fall. After a brief correction, he expects a climb to $220,000. These targets seem ambitious, but the market has surprised before.

What’s Driving Bitcoin’s Rise?

Trader Rekt Fencer highlighted a key driver. Global liquidity (M2) growth supports BTC. Historically, Bitcoin tracks M2 with a slight lag. If this continues, new peaks are likely. Additionally, institutional investors are buying up retail assets. This adds stability.

For now, bearish signals are absent. A feared drop to $92,000 didn’t happen. This boosts confidence in the ongoing rally.

Where Is the Market Headed?

Bitcoin is showing strength. Breaking $120,000 is just the start, analysts say. Inflation data and liquidity will shape the next moves. Yet, volatility remains a risk. Investors should stay alert.

Nevertheless, this is a pivotal moment. BTC is capturing global attention. The coming days will reveal if it can sustain the momentum. Track live prices here.