{"id":47228,"date":"2025-07-08T09:03:06","date_gmt":"2025-07-08T09:03:06","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=47228"},"modified":"2025-07-08T09:03:11","modified_gmt":"2025-07-08T09:03:11","slug":"bitcoin-aims-higher-analysts-expect-further-climb-toward-117000","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/bitcoin-aims-higher-analysts-expect-further-climb-toward-117000\/","title":{"rendered":"Bitcoin Aims Higher, Analysts Expect Further Climb Toward $117,000"},"content":{"rendered":"\n

After a period of geopolitical tension, Bitcoin is once again moving into the spotlight. Technical indicators and on-chain data suggest that the current bullish trend could continue toward the $117,000 level.<\/strong><\/p>\n\n\n\n

STH and Key Growth Zones<\/h2>\n\n\n\n

Short-term holders (STH) of Bitcoin<\/a>, defined as those who have held coins for less than 155 days, have an average purchase price just below the upper boundary of the current trading range. According to analysts, breaking through the $109,000 to $110,000 zone could trigger another wave of buying interest.<\/p>\n\n\n\n

Since the beginning of the year, BTC has been trading between $75,500 and $112,000, with the current price very close to its previous all-time high. The MVRV metric also suggests there is room for growth up to approximately $123,000, provided the breakout occurs with sufficient trading <\/a>volume.<\/p>\n\n\n\n

Bullish Pattern and Correction Risk<\/h2>\n\n\n\n

Analyst Rekt Capital<\/a> highlights a bullish flag \u2014 a technical pattern forming near the descending trendline around $109,000. A breakout above this line, followed by confirmation as new support, could pave the way toward the $130,000 level.<\/p>\n\n\n\n

Still, it is important to monitor market sentiment. Indicators like the RSI and the Fear & Greed Index point to possible overheating. A short-term correction may occur, especially if retail investors rush in impulsively during a price rally<\/strong>. In such cases, the market often benefits from a brief consolidation, allowing it to stabilize and attract stronger hands. Historically<\/a>, these pauses have often served as a healthy base for a continued upward trend. Therefore, investors should watch not only price levels but also the broader market structure and trading volume dynamics.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a period of geopolitical tension, Bitcoin is once again moving into the spotlight. Technical indicators and on-chain data suggest that the current bullish trend could continue toward the $117,000 level. STH and Key Growth Zones Short-term holders (STH) of Bitcoin, defined as those who have held coins for less than 155 days, have an […]<\/p>\n","protected":false},"author":2,"featured_media":47229,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,110,93],"class_list":["post-47228","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-crypto","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t