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Bitcoin Sets Record at $116K, Forecasts Hint at $130K by Fall

Summary by Cointelegraph
Bitcoin’s rally to new highs was driven by long-term accumulators and spot inflows, suggesting that BTC’s next milestone price is in the $130,000 range.

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The bitcoin does not end up defying the prognosis. While some people were making breathless announcements after its last peaks, the market shows clear signs of a renewed energy. This is no longer a simple fiery speculation: the on-chain data draw a much more nuanced but terribly optimistic picture. Capture on the $130,000, announce the indicators. The point of inflection is approaching, and the signals are clear: the bitcoin is far from having s…

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coincodex.com broke the news in on Thursday, July 10, 2025.
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