Bitcoin Nears $160K Target After Inverse Head and Shoulders Breakout Amid Rising Volume and ETF Inflows
2025-07-12 23:58:33
Main Idea
Bitcoin's price is showing strong bullish momentum, breaking past $118,000 with a target of $160,000, supported by technical patterns, rising trading volume, and ETF inflows.
Key Points
1. Bitcoin broke above $118,000 after an inverse head and shoulders breakout, signaling strong bullish momentum with a target of $160,000.
2. Trading volume surged by 93% to $123 billion in 24 hours, accompanied by $1.18 billion in spot ETF inflows, reinforcing market strength.
3. COINOTAG analysts project Bitcoin's price to reach between $135,000 and $140,000 by Q3 2025, citing the Power-of-3 expansion phase.
4. Technical indicators and positive market sentiment, including growing ETF participation, support further price gains.
5. Net exchange outflows of -$583 million indicate strong holding sentiment among investors.
Description
Bitcoin has surged to a new all-time high of $118,000, driven by a confirmed inverse head and shoulders breakout signaling strong bullish momentum. Trading volumes have surged by 93%, supported
Latest News
- XRP Dominates South Korea’s Upbit Exchange with 13.04% Trading Volume Share2025-07-13 07:12:28
- Bitcoin Adoption by Public Companies May Increase by 25% by 2025 Amid Mixed Market Outlook2025-07-13 06:48:00
- USDC Treasury Burns 56.67 Million USDC on Ethereum Chain, Signals Major Supply Shift2025-07-13 06:47:31
- Ethereum Staking Nears 30% as Exchange Supply Drops, Supporting Potential Price Rally Above $2,6002025-07-13 06:34:37
- Davis Commodities Considers Allocating 5-10% to Solana for Strategic Reserve2025-07-13 06:34:03