Bitcoin Holds Above $113K After Bull Pennant Breakout, $137K Target Remains Possible

Key Points

1. Bitcoin broke above the $113,000 resistance level in July 2025, confirming a sustained rally with current trading levels near $118,000.

2. 98% of Bitcoin holders are in profit, reinforcing the bullish outlook and market stability.

3. Bitcoin's market capitalization stands at approximately $2.37 trillion, with a fully diluted valuation close to $2.47 trillion.

4. Large transaction volumes of $229 billion over seven days indicate active portfolio adjustments and strong liquidity.

5. Analysts identify an extended target price of $137,000, with some suggesting a possible approach to $138,000.