In a move thats taken both Wall Street and crypto circles by storm, Bitcoin has once again shattered expectations, blasting through the $115,000 mark in a parabolic rally that few saw coming this fast.

Wondering how high BTC could climb?Explore our Bitcoin Price Prediction 2030 for an in-depth outlook!

BTC Price Holds Firm Amid Market Buzz

The cryptocurrency hit a fresh all-time high of $118,842.67 on July 11, 2025, briefly pulling back to $117,984.79, down just 0.72% from its peak according to Coinpedia Markets.

The crypto market cap now stands tall at $3.76 trillion, up 0.49% in the past 24 hours. But all eyes remain locked on Bitcoin, which has surged an astonishing 173,893.20% since its all-time low of $67.81 in July 2013.

Former President Donald Trump took to his social media platform to celebrate record highs across tech and industrial stocks, while also highlighting Bitcoins performance. His post, combined with bullish sentiment in global markets, helped reinforce the rallys strength.

Technical Breakout: $200K on the Horizon?

The real technical buzz centers around Bitcoin's breakout above the key resistance level of $114,700. This breach suggests a new leg of exponential growth may have begun.

• Crypto analyst Kevin Svenson believes Bitcoin is entering the early stages of a major parabolic phase, with an immediate target of $120,500.
• He anticipates a short-term pullback after crossing the $120K mark, followed by a mid-term climb toward $140,000$150,000, and sees long-term potential pushing BTC as high as $200,000.

Looking toward the end of the decade, long-term predictions remain bold. Analysts expect Bitcoin to maintain upward momentum, with price projections ranging from $380,000 to $900,000 by 2030, assuming increasing scarcity, adoption, and global demand.

BTC's Best Days Still Ahead?

Bitcoins explosive rally to $118K may just be a preview of whats to come. With analysts eyeing $120K, $150K, and even $200K targets, the crypto kings current momentum could lead to one of the most historic bull runs in financial history. As institutional interest grows and technical charts turn ultra-bullish, Bitcoin may soon redefine whats possible for digital assets.