Why Bitcoin Price Is Surging Today? Bulls Target $140K BTC as Crypto Rally Accelerates
Bitcoin (BTC)price has exploded past $122,000 today, marking another aggressive push towardits all-time high (ATH) as institutional demand and favorable economicconditions create perfect storm conditions. The world's leading cryptocurrencyis currently trading at $121,625, representing a 2.8% surge that hasmarket analysts eyeing the critical $140,000 target zone.
The bullishprice action comes as Bitcoin buyers mount their second assault on the 1.618%Fibonacci golden ratio above $122,000, a mathematically significantresistance level that has proven stubborn in previous attempts.
In thearticle below, I analyze why the Bitcoin price is going up today, conduct atechnical analysis of the BTC/USDT chart using my 10+ years of marketexperience, and review the latest Bitcoin price predictions from analysts andbanks.
Why Bitcoin Price IsSurging Today?
The currentBitcoin price rally is driven by several converging factors that have createdan exceptionally bullish environment:
- Institutional Treasury Rebalancing: Major corporations are rapidly expanding Bitcoin allocations following regulatory clarity
- Federal Reserve Policy Expectations: Anticipated September rate cuts support risk-on asset performance
- Fibonacci Technical Breakout: Bulls challenging the critical 1.618% golden ratio resistance level
- Derivatives Market Positioning: Over $3 billion in open interest targeting $140,000 strike prices
- Reduced Exchange Reserves: On-chain data shows long-term holders accumulating rather than distributing
“Thesigning of an executive order from the US administration last week hasinitiated fresh ETF buying and positive sentiment ahead of the CPI and PPI datathis week. This has pushed Bitcoin near all-time highs”, Pual Howard, Directorat Wincent, commented for FinanceMagnates.com.
Bitcoin's momentumhas pushed the digital asset to $122,355 during European trading hours, testingthe crucial Fibonacci extension that originates from both the 2018 and 2022bear market lows. Current market data reveals impressive fundamentals drivingthis rally.
Thecryptocurrency commands a $2.33 trillion market capitalization withrobust 24-hour trading volumes hitting $14.38 billion. This representssustained institutional interest rather than speculative retail frenzy,suggesting deeper conviction behind the current price surge.
Technicalindicators paint an increasingly bullish picture. Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term has successfullydefended key support levels and broken through multiple resistance zones,creating what many analysts describe as a "golden breakout" scenario.The 0.15% daily gain might seem modest, but the 4.02% weekly performance andyear-to-date momentum tell a compelling growth story.
Technical Analysis:Bitcoin's Path to New Highs
Based on mytechnical analysis of the BTC/USDT chart, during the Monday session on August11, 2025, the price of the world’s oldest and largest cryptocurrency tested the$122,335 level, the highest since mid-July, when the same chart showed anall-time high of $123,218. While Bitcoin has reached new peaks against somecurrencies on certain exchanges today, it still falls short by just under$1,000 compared with those previous records. Nevertheless, Bitcoin is onceagain challenging a key technical resistance level and has broken through thepsychological barrier of $120,000, which could pave the way for a new pricediscovery phase.
The crucialfactor will be how the price behaves by the close of the session. If it managesto end the day above $120,000, something that did not happen at the previousATH, as the price corrected sharply before the close, this would mark thehighest daily close in history, potentially opening the door for furtherappreciation. While predicting the exact direction is closer to gazing into acrystal ball, Fibonacci extensions can provide guidance. Measuring the trendfrom the April lows to the July highs and then the pullback to around $110,000in August, the 61.8% extension lies near $127,000, the 100% extension justbelow $137,000, and the 161.8% extension around $153,000.
I see theseas medium- and long-term upside targets for Bitcoin. Notably, these levelsalign with forecasts from major institutions, including banks and well-knownanalysts, who also project $150,000 or higher by late 2025 and into 2026.
Bitcoin Price Predictionsfrom Leading Experts
Industryluminaries maintain aggressively bullish long-term targets despite short-termvolatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term concerns. The following table summarizes major Bitcoin pricepredictions from respected market participants:
|
Expert/Source |
Prediction |
Timeframe |
|
$1,000,000 |
By 2030 | |
|
Standard Chartered |
$500,000 |
Medium-term |
|
Crypto Derivatives Market (Deribit) |
$140,000 |
Near-term (Call option strike) |
Cathie Woodof ARK Invest projects Bitcoin reaching $1 million by 2030, citing networkeffects and institutional adoption as primary catalysts. Her analysis focuseson Bitcoin's role as a monetary network that grows exponentially with useradoption.
StandardChartered's research team forecasts $500,000 as a medium-term target,emphasizing Bitcoin's role as digital gold in an increasingly uncertainmacroeconomic environment. Their analysis focuses on supply scarcity andgrowing demand from sovereign wealth funds.
The $140,000call option represents the most popular strike price on Deribitderivatives exchange, with over $3 billion in notional open interest. Thissuggests professional traders expect significant upside potential from currentlevels, creating natural momentum as the contract approaches expiration.
“Historicalanalysis (with 2025 being the post-halving year when prices typically rally)indicates BTC can still move higher. So whilst some pundits expect to see somefroth taken off the top here, I remain with my thesis we can expect $150,000before year end,” Howard added.
Yuo can also check a bearish view: How Low Can Bitcoin Go? Arthur Hayes' BTC Price Prediction Suggests That Crypto May Go Down And Hit $100K
Institutional AdoptionDriving Bitcoin Momentum
Majorcorporate treasury departments are rapidly expanding their Bitcoinallocations following recent regulatory clarity. The approval of spot BitcoinETFs earlier this year opened floodgates for institutional participation, withpension funds and endowments now viewing cryptocurrency as a legitimateportfolio diversifier.
MichaelSaylor's MicroStrategy continues leading corporate adoption, while newerentrants like Tesla and Block maintain substantial positions. Thisinstitutional backing provides crucial price stability during volatile periodsand creates natural buying pressure during market dips.
Professionaltrading desks report unprecedented demand from family offices and hedge fundsseeking Bitcoin exposure. The maturation of crypto derivatives markets hasenabled sophisticated risk management strategies, making Bitcoin moreattractive to traditional finance professionals.
Federal Policy ChangesBoost Crypto Markets
Recent executiveorders from President Trump allowing cryptocurrency investments in 401(k)retirement plans have fundamentally altered the regulatory landscape. Thispolicy shift eliminates previous barriers preventing millions of Americans fromaccessing Bitcoin through employer-sponsored retirement accounts.
"Crypto markets have advanced from their recent lows, with Bitcoin on the verge of setting a new all-time high, as President Trump signed anexecutive order last week allowing 401(k) plans to invest into cryptoassetsmarking another step forward toward mainstream adoption of crypto in the UnitedStates," said Simon Peters, the crypto analyst at eToro.
FederalReserve policy expectations continue supporting risk assets like Bitcoin.Despite upcoming inflation data that may show core CPI rising 0.3% in July,market strategists believe the Fed remains committed to interest rate cuts inSeptember. Lower interest rates typically benefit alternative assets asinvestors seek higher-yielding opportunities.
Theregulatory clarity extends beyond domestic policy. International coordinationon cryptocurrency regulation has reduced uncertainty, encouraging cross-borderinstitutional adoption and creating more predictable operating environments forcrypto businesses.
XRP Price Rally Adds toCrypto Market Optimism
In additionto Bitcoin, the broader cryptocurrency market is also advancing today. XRP hasstrengthened by about 3.5% since the morning, testing the $3.33 level andchallenging local resistance defined by the highs from early this month andmid-July. Ethereum is also performing strongly, extending local highs for thethird consecutive day and testing nearly $4,350 on Monday.
The rallyfollows the formal dismissal of the SEC's case against Ripple Labs, removing amajor regulatory overhang that had suppressed institutional interest for years.
XRP'sinstitutional trading volumes exploded 208% to $12.40 billion, indicatingmassive corporate repositioning following the legal resolution. The $3.15-$3.16support zone has emerged as a crucial technical level, with resistanceappearing at $3.24-$3.27.
Openinterest in XRP derivatives jumped 15% to $5.90 billion, demonstratingaggressive positioning from large players anticipating continued upside. Someinstitutional research desks now target $4.50-$5.00 as potential medium-termobjectives for the digital asset.
Why XRP Is OutperformingOther Altcoins
The Ripple-SECsettlement represents more than legal closure. It establishes regulatoryprecedent for other cryptocurrency projects facing similar challenges. XRP'sutility in cross-border payments has attracted renewed attention from financialinstitutions seeking efficient settlement solutions.
Corporatetreasury departments that previously avoided XRP due to regulatory uncertaintyare now reassessing their positions. The asset's established infrastructure andenterprise partnerships position it advantageously as institutional adoptionaccelerates across the broader cryptocurrency ecosystem.
Technicalanalysis reveals XRP breaking through multi-month consolidation patterns withstrong volume confirmation. The combination of regulatory clarity,institutional flows, and technical breakouts creates compelling conditions forsustained price appreciation.
Risk Factors and MarketConsiderations
Despiteoverwhelming bullish sentiment, prudent risk management remainsessential given cryptocurrency's inherent volatility. Key risk factorsto monitor include:
- Inflation Data Impact: Tuesday's CPI report could trigger short-term volatility if significantly above expectations
- Technical Resistance: The $122,000-$125,000 zone may prove challenging without sustained institutional buying
- Regulatory Changes: Policy announcements could impact trading conditions or institutional participation
- Market Sentiment Shifts: Rapid changes in risk appetite could affect cryptocurrency valuations
Technicalresistance levels around $122,000-$125,000 may prove challenging to overcomewithout sustained institutional buying pressure. Previous failed attempts atsimilar levels demonstrate the importance of volume confirmation andfollow-through buying to validate breakouts.
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