TLDR:
- Bitcoin (BTC) price trades just 2% below ATH, with volume up nearly 10% in 24 hours.
- Spot ETF inflows into BTC now total $54.5B, showing deep institutional interest.
- Bullish inverse head and shoulders pattern targets up to $330K on monthly charts.
- Cycle models suggest dual-pump structure, with average upside target near $220K.
Bitcoin is moving again, and this time, it’s brushing right up against all-time highs.
After a slow climb in recent weeks, momentum is starting to pick up. Investors are watching closely as price action tightens near $120,000. Trading volumes are rising, chart patterns are taking shape, and speculation is heating up.
Everyone wants to know one thing: just how high can BTC really go this cycle?
Bitcoin Flirts With ATH As Volume Jumps
According to CoinGecko, Bitcoin trades at $119,621 as of this writing, marking a 2.29% daily gain. Over the past week, it’s risen 2.63%, peaking at $120,654. The current range hovers just 2% below Bitcoin’s all-time high.
Volume has followed price. The last 24 hours saw over $57.8 billion in BTC traded, up 9.60% from the day before. This jump in activity suggests renewed market interest as Bitcoin inches closer to a breakout.
Daan Crypto Trades pointed out that total cumulative flows into Bitcoin spot ETFs now sit at $54.5 billion. That’s just 1.5 years after launch. For comparison, Ethereum ETFs have only recently picked up steam, gathering $8.1 billion so far.
$BTC‘s Total Cumulative Spot ETF Flows are sitting at +$54.5B after just 1.5 years of trading.$ETH is also finally rising quickly in recent weeks and now sits at a respectable +$8.1B. Keep in mind, this one launched later and it’s market cap is still about 1/5th of that of BTC.… pic.twitter.com/DHqXzmw8Ci
— Daan Crypto Trades (@DaanCrypto) July 22, 2025
While Bitcoin leads by market cap and flow size, the rapid rise of institutional demand is fueling optimism. Strong ETF flows often point to steady long-term support from large players.
Bitcoin (BTC) Price Prediction
Chart watchers are spotting classic bullish signals. Bitcoinsensus recently shared that BTC just confirmed an Inverse Head and Shoulders pattern on the monthly chart. Traders often see this setup as a reversal indicator, with price targets reaching as high as $330,000.
Another analyst, EGRAG Crypto, broke down Bitcoin’s current breakout phase.
According to his cycle model, a dual-pump structure could unfold, one move to $180,000 and a second to $263,000. When averaged, these numbers point to a mid-range target around $220,000.
#BTC – Breakout Candle Analysis 🕯️:
We’re witnessing a familiar pattern in this cycle, characterized by a breakout candle followed by two significant price pumps:
First Pump: 135% increase 📈
Second Pump: 60% increase 📊
This gives us an average pump of approximately 95% 🟰… pic.twitter.com/DdqCV9gj1T— EGRAG CRYPTO (@egragcrypto) July 22, 2025
Over the last day, Bitcoin ranged between $116,836 and $119,813. The price is stable, but not without resistance. Pullbacks may still occur as traders lock in profits or react to news.
Even so, the sentiment around Bitcoin is shifting. Volume is rising, patterns are forming, and the market feels different. This isn’t the cautious move of past months. It feels like a buildup.
So where’s the top? No one knows for sure. But with ETF flows growing and price pressing against resistance, the next leg up might not be far away.
