Takeaways from the conference:
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The Bitcoin market structure, and its multifaceted adoption continue to support an upward trend in the long-term.
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BTC prices are expected to rise up to $150,000.
BitcoinBTC() has been making its way back towards the $120,000 mark, but traders are curious to see what will be required to ignite a rally up to $130,000 or $150,000.
From a technical point of view, the Sunday night rally above $120,000 was the result of a futures-market-driven short squeeze that resulted in more than $1 billion in liquidations The crypto market has exploded.
Ray Salmond from Cointelegraph, the head of markets at Cointelegraph, says it is difficult to determine whether prices will remain above $120,000, if they are traded on central exchanges.
“A strong, global spot bid is ever present via the Bitcoin ETFs, publicly listed companies actively building BTC treasuries, and an assortment of companies investing in Bitcoin infrastructure.”
After the CPI and PPI figures were released and markets had time digesting the Trump tariffs that go into force on August 1, it appears the Wall Street risk-off of Monday and Tuesday has passed.
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— Cointelegraph Markets & Research (@CointelegraphMT) July 16, 2025
Inflows of spot BTC into ETFs have reached a record high for the third month. Cantor Fitzgerald, Adam Back and Cantor Equity Partners are also on their way to forming a SPAC. receiving up to 30,000 Bitcoin They all contribute to a positive mood.
Related: Three US crypto bills revived after initial failure in House vote
Bitcoin’s daily chart confirmed the head-and shoulders pattern with the closing price above $112,000 last Thursday. Its target is $143,000.
The futures markets continue to be the primary driver of price movement and discovery.
The article is not intended to provide investment advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.
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Source: cointelegraph.com
