The post Bitcoin (BTC) Price: Becomes World’s Fifth-Largest Asset After Breaking $120,000 appeared on BitcoinEthereumNews.com.

TLDR Bitcoin reached a new all-time high of $122,871 before retreating below $120,000 Analyst Katie Stockton predicts Bitcoin could reach $135,000 before a market correction Bitcoin’s market cap has grown to $2.4 trillion, making it the world’s fifth-largest global asset Institutional investment remains strong with Strategy adding 4,225 BTC to their holdings Technical indicators suggest more room for growth despite some warning signs Bitcoin has broken out of its multi-week sideways channel to reach unprecedented heights. The world’s largest cryptocurrency hit a new all-time high of $122,871 on Coinbase on Monday before pulling back slightly below the $120,000 mark during early trading on Tuesday. This price surge has propelled Bitcoin’s market capitalization to an impressive $2.4 trillion. With this growth, Bitcoin has overtaken Amazon to become the world’s fifth-largest global asset. The recent price action follows almost two months of consolidation that Fairlead Strategies founder Katie Stockton now describes as “ancient history.” Bitcoin Price on CoinGecko In an interview with CNBC, Stockton shared her bullish outlook based on measured move projections from the recent breakout. She expects the previous uptrend to continue before any corrective phase occurs. “That puts Bitcoin at around $135,000 as an intermediate-term objective,” Stockton stated. Other analysts have echoed similar price targets. 10x Research head Markus Thielen told Cointelegraph, “Based on the July 10 breakout signal, which has historically led to an average 20% rally over the following two months, we project Bitcoin could reach $133,000.” Thielen added, “We expect some near-term consolidation, followed by a push toward $133,000, with our $160,000 year-end target still firmly in sight.” Institutional Drivers Behind the Rally The current rally appears to be primarily driven by institutional capital rather than retail investors. Strategy acquired another 4,225 BTC on Monday, bringing their total holdings to 601,550 BTC. Bitcoin spot ETF inflows…

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Filed under: News - @ July 15, 2025 8:29 am