Bitcoin Price Could Hit New Highs by July-End, Says Galaxy Digital
2025-07-19 07:26:13
Main Idea
Bitcoin's recent rally to a new all-time high has sparked mixed market sentiment, with potential for further gains or a pullback depending on factors like ETF inflows and retail activity.
Key Points
1. Bitcoin reached a new all-time high of $123K but is currently consolidating near $118,000.
2. Michael Harvey of Galaxy Digital attributes the rally to continuous inflows into U.S.-based spot Bitcoin ETFs, though retail activity remains uncertain.
3. A potential 5–10% pullback could bring Bitcoin down to $110,000 due to profit-taking or broader equity market weakness.
4. The Bitcoin bull run might peak in October 2025, approximately 550 days after the April 2024 halving, with strong institutional confidence reflected in its $2.33 trillion market cap.
5. CryptoQuant data suggests Bitcoin could still climb 20–25% as the Short-Term Holder MVRV ratio is below the profit-taking threshold (~1.35).
Description
The post Bitcoin Price Could Hit New Highs by July-End, Says Galaxy Digital appeared first on Coinpedia Fintech News Bitcoin’s recent rally to a fresh all-time high of $123K has sparked optimism, but the mood across the market is currently mixed. The cryptocurrency is now consolidating near $118,000, and according to Galaxy Digital’s Michael Harvey, this could be a “pause for air” before another potential leg up by the end of July. Will Bitcoin Price Hit a New All-Time High Before July Ends? Mic...
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