Bitcoin price breaks through $123,000 and sets sights on $150K
Last Updated on 14 July 2025 by CryptoTips.eu
Bitcoin flexes its muscles once again and breaks through to a brand new all-time high of $123,091, continuing the rally of recent weeks.
Analysts are calling it a technical breakout that paves the way for a possible jump toward $150,000 or even $165,000.
Breakout confirmed, price target in sight
Bitcoin has been setting new all-time highs almost daily this week. Saturday was the only exception, but that has now been corrected. The price peaked at $123,091.61, followed by a brief pullback of 0.4%. According to Bert Slagter, the message is clear: “With this kind of weekly close, there’s no doubt, this is a valid breakout.”
In his analysis, Slagter sets a price target between $150,000 and $165,000 by September, provided the momentum continues. He also points to a clear shift in the market: more investors are opting for scarce assets like Bitcoin, gold, and silver, while bonds are losing appeal.
Glassnode confirms momentum
Glassnode also highlights that Bitcoin is currently trading above its previous highs against nearly all major currencies: USD, EUR, CNY, CAD, and even TRY. Only the Swiss franc (CHF) and gold are slightly lagging, but the price is also creeping toward new highs in those markets.
Since Thursday, $BTC made a new ATH in USD terms each day - except Saturday. Today’s high: ~$122.8K.#BTC is still shy of ATH in CHF and gold terms. But vs gold, it’s now at the highest level since early Feb - after outperforming consistently since June 22. pic.twitter.com/4Vs78eBexp
— glassnode (@glassnode) July 14, 2025
Notably, BTC has reached its highest value in gold terms since February. Since June 22, Bitcoin has consistently outperformed gold.
Technical picture remains bullish
On the weekly chart, the pattern is clear: higher highs and higher lows are forming consistently. The breakout above the previous resistance around $112,000 is strong and opens the door for further growth. If the current pattern continues, the next “higher high” around $150,000 aligns perfectly with the trend.
The market senses opportunity, and sentiment has turned strongly positive. It now seems only a matter of time before Bitcoin targets the next major round number.
