Key Takeaways:
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The Bitcoin market structure and multi-faceted adoption still support a longer rally at $ 150,000.
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Tailwind regulations, along with the expanding economic mandate of the Trump administration, supports a BTC price rally of $ 150,000 and higher.
Bitcoin (Btc) runs back to $ 120,000 level, but most entrepreneurs want to know what it will take to spark a rally at $ 130,000 and $ 150,000.
From a technical point of view, the Sunday night rally above $ 120,000 was the result of a short futures-market-driven short squeeze resulting in more than $ 1 billion in Destruction throughout the crypto market.
According to the head of cointelegraph markets, Ray Salmond, while the following area is required to maintain prices of over $ 120,000 are not easy to identify with centralized exchanges,
“A powerful, global bid area is present by Bitcoin ETFs, which are publicly listed companies that actively build BTC wealth, and an assortment of companies that invest in Bitcoin infrastructure.”
With the release of CPI and PPI data this week and the market with time to dissolve the new phase of Trump’s tariffs, which will take effect on August 1, the risk found at Wall Street Open on Monday and Tuesday appears to have passed.
– Cointelegraph (@cointelegraph) July 16, 2025
Positive newsflows such as President Trump managed to convince the US House to successfully pass a movement method that will allow the genius Stablecoin Bill and the Digital Asset Market Clarity Act to proceed with a final vote, a 3-month high in the area BTC ETF inflows and news that the cantor equity partners Receives up to 30,000 Bitcoin Everyone plays a role in strengthening emotions.
Related: Three US Crypto Bills lived after the preliminary failure of the house vote
In the daily bitcoin chart, explicit confirmation of the opposite head-and-shoulders pattern took place as the price closed over $ 112,000 on Thursday, and the pattern had a target of $ 143,000.
Currently, the Futures Market activity continues to drive price discovery and the intra-day price moves through the fluids, and to see a longer running towards $ 150,000, the successive daily closure above $ 130,000 is required.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
