Bitcoin: What to Expect After Hitting a New All-time High

Bitcoin has once again broken records, briefly crossing the $112,000 mark and setting a new all-time high. With investor optimism surging, all eyes are now on what comes next.

According to 10X Research founder Markus Thielen, the bull run is far from over — and may even accelerate.

$133K in Sight by September?

Thielen predicts that Bitcoin could climb to $133,000 within the next two months. His forecast is based on 10X Research’s trend models, which turned bullish on June 29. The model gives a 60% probability that Bitcoin will continue rising in the near term, driven by momentum and a notable increase in call option demand.

Historical data supports the view, showing that similar conditions in past cycles resulted in gains of approximately 20% over two months. If that pattern holds, BTC could hit the $133K target by September, despite Q3 traditionally being a weaker season for crypto.

What’s Fueling the Rally?

The recent rally is being powered by a combination of technical breakout signals and institutional buying.

• Short Squeeze: Over $192 million in BTC short positions were liquidated as prices surged past $112K, creating forced buying pressure that accelerated gains.
• ETF Inflows: Spot Bitcoin ETFs recorded $214.5 million in net inflows on July 9 alone, marking five consecutive days of institutional accumulation.

On the technical side, Bitcoin cleared a key Fibonacci resistance at $111,925. The RSI remains below 70, indicating further room to rise, while the MACD histogram confirms bullish momentum.

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Market Conditions Still Favor Bitcoin

Despite Bitcoin dominance dipping slightly to 63.81% as altcoins saw renewed interest, the broader market remains supportive. Total crypto market cap grew 2.61% to $3.46 trillion, with Bitcoin still leading the charge. Funding rates remain low, indicating that the rally is being driven by organic demand, not excessive leverage.

Can BTC Hold the Line?

The path forward hinges on whether Bitcoin can maintain support above $112,000. A push toward the $115,600 Fibonacci extension level would confirm continued bullish momentum. However, if ETF inflows wane or profit-taking accelerates, especially after April’s 34% rally, the $107,000 support zone will become critical.

In short, Bitcoin’s next move could define the remainder of 2025’s crypto landscape.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.