Bitcoin Eyes Potential Rally Toward $130K Amid Bull Flag Breakout and Neutral Market Sentiment
2025-07-14 12:00:46
Main Idea
Bitcoin's breakout above $118,000 signals a potential rally toward $130K, supported by neutral sentiment, healthy funding rates, and upcoming CPI data.
Key Points
1. Bitcoin surged nearly $10,000 within hours, breaking above $118,000 and maintaining momentum without retracing to previous support levels like $92,000.
2. Neutral sentiment and healthy funding rates suggest a sustainable rally, with short-term targets near $122,500 and mid-term projections toward $130,000.
3. Upcoming CPI data could further influence Bitcoin's trajectory, with lower-than-expected inflation potentially boosting risk assets like Bitcoin.
4. MicroStrategy purchased 4,225 Bitcoins between July 7-13 at an average price of $111,827, totaling $472.5 million.
5. Bitcoin's resilience and bullish trend are underscored by its ability to hold above key levels like $116,000.
Description
Bitcoin has surged beyond $118,000 following a decisive bull flag breakout, signaling renewed institutional confidence and robust market momentum. Market sentiment remains neutral with stable funding rates, indicating that Bitcoin’s
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