{"id":53676,"date":"2025-07-30T04:32:24","date_gmt":"2025-07-30T04:32:24","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53676"},"modified":"2025-07-30T04:32:25","modified_gmt":"2025-07-30T04:32:25","slug":"what-should-happen-for-btc-price-to-hit-new-highs","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53676","title":{"rendered":"What should happen for BTC price to hit new highs?"},"content":{"rendered":"<div class=\"post__block post__block_lead-text\" data-v-43e640e6=\"\">\n<p class=\"post__lead text-fg-default\" data-v-43e640e6=\"\">Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $120,000 and reenter price discovery.<\/p>\n<\/div>\n<div class=\"flex flex-wrap justify-between items-center post__block post__block_post-actions mb-4\" data-v-43e640e6=\"\" data-gtm-vis-first-on-screen7286441_1297=\"40512\" data-gtm-vis-recent-on-screen7286441_1297=\"95350\" data-gtm-vis-total-visible-time7286441_1297=\"500\" data-gtm-vis-has-fired7286441_1297=\"1\">\n<div class=\"flex items-center\">\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin must take out resistance at $120,000 to trigger a rally to new all-time highs.<\/p>\n<\/li>\n<li>\n<p>Spot volume and trading activity must recover for BTC price to break out.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin\u2019s rally to its all-time highs near $123,000 appears to be cooling off, but traders believe BTC remains on track with \u201cmassive pump incoming\u201d toward higher targets in 2025.<\/p>\n<p>Several analysts explain what must happen to increase Bitcoin\u2019s potential to break into price discovery in the following days or weeks.<\/p>\n<h2>Bitcoin must crack $120,000 resistance<\/h2>\n<p>Bitcoin price has been oscillating between $120,000 and $115,000, where it has found support, per data from Cointelegraph Markets Pro and TradingView.<\/p>\n<p>Bitcoin\u2019s bullish case hinges on its BTC price flipping the resistance between $119,000 and $120,500 into support.<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>Bitcoin nears $120K as analysis predicts &#8216;larger price swings&#8217; next<\/strong><\/em><\/p>\n<p>This week\u2019s goal is for Bitcoin to \u201cbreak above $120,500 with strength and volume,\u201d said private wealth manager Swissblock in a Monday post on X.<\/p>\n<p>The firm explained that the price is consolidating in a descending triangle \u2014 a classic continuation pattern \u2014 which suggests that it is \u201cjust cooling off, not breaking down.\u201d<\/p>\n<p>\u201cBulls are still in control,\u201d Swissblock added.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-07\/0198554a-5130-7735-8112-386bd5073559\" \/><figcaption><em>Bitcoin price chart. Source: Swissblock<\/em><\/figcaption><\/figure>\n<p>Fellow analyst Rekt Capital said that Bitcoin bulls needed to turn the weekly close at $119,200 into support through a retest to \u201cconfirm breakout.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">#BTC <\/p>\n<p>Bitcoin did it<\/p>\n<p>Bitcoin Weekly Closed above the ~$119200 Bull Flag Top and is now in the process of retesting it to fully confirm the breakout<\/p>\n<p>Downside wicking is possible on this retest, as long as the Bull Flag Top is maintained as support$BTC #Crypto #Bitcoin https:\/\/t.co\/CQxKKQwLXp pic.twitter.com\/RqD6erpEi0<\/p>\n<p>\u2014 Rekt Capital (@rektcapital) July 28, 2025<\/p><\/blockquote>\n<div class=\"m-auto relative\">\n<div>\n<p class=\"text-banner__heading\">Advertisement<\/p>\n<p class=\"text-banner__description\">One app, all things crypto \u2014 buy, trade, earn, and manage it all with Uphold. Capital at risk. Terms Apply.<\/p>\n<\/div>\n<\/div>\n<p>As Cointelegraph reported, the bulls were targeting to break the $120,000-$123,000 resistance zone, with their eyes set on the next target at $130,000.<\/p>\n<h2>New BTC buyers must step in<\/h2>\n<p>Bitcoin\u2019s ability to push above $120,000 appears limited due to the absence of buyers.<\/p>\n<p>Bitcoin\u2019s spot cumulative volume delta (CVD) metric, an indicator that measures the net difference between buying and selling trade volumes, reveals that net spot buying on exchanges remains negative.<\/p>\n<p>However, this metric has improved from -$243.3 million to -$111.3 million, \u201creflecting a significant reduction in sell-side dominance and growing buy-side interest,\u201d Glassnode said in its latest Weekly Market Impulse report.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThis shift likely signals renewed accumulation behaviour as investors step in to buy the dip after the recent price correction, suggesting a more constructive sentiment.\u201d<\/p><\/blockquote>\n<p>If the buying continues, it could add to the demand-side pressure needed to push Bitcoin out of consolidation.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-07\/0198554a-570f-7264-9858-7774cbfeb3a8\" \/><figcaption><em>Bitcoin\u2019s spot volume delta. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>Additionally, spot trading volume has declined to $8.6 billion from $9.2 billion over the last week, further underscoring the lack of speculative intensity.<\/p>\n<p>While not a significant drop, the decline points to \u201creduced investor activity,\u201d Glassnode explained, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cThis moderation in volume suggests that participants might be in a wait-and-see mode with lower conviction to buy or sell aggressively.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-07\/0198554a-5c2b-7303-8dfa-37d7d083e2cd\" \/><figcaption><em>Bitcoin spot volume. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p>An uptick in spot volume would align with a broader accumulation phase, triggering a strong rally.<\/p>\n<h2>Bitcoin must validate a falling wedge breakout<\/h2>\n<p>Bitcoin technicals show that the price has broken out of a falling wedge pattern on the four-hour candle chart.<\/p>\n<p>A falling wedge is a bullish chart pattern with converging trendlines sloping downward, indicating decreasing selling pressure. It often signals a potential price breakout to the upside.<\/p>\n<p>\u201cBitcoin has broken out of this falling wedge pattern,\u201d Mister Crypto said in a Tuesday X post, adding:<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cMassive pump incoming.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-07\/0198554a-6170-7203-95df-b1b4adfe9fe2\" \/><figcaption><em>BTC\/USD chart. Source: Mister Crypto<\/em><\/figcaption><\/figure>\n<p>To confirm the breakout, the BTC\/USD pair was required to retest the upper boundary of the wedge around $118,300 (where the 50-period and 100-period SMAs converge) and flip it into support.<\/p>\n<p>According to trader Crypto Boss, this retest has already occurred, setting the stage for a rally to new all-time highs.\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201c$BTC breakout and retest done. Send it to new ATHs now.\u201d<\/p><\/blockquote>\n<\/div>\n<\/div>\n<p>*********************************<\/p>\n<p>Be the first to get most important HYIP news everyday!<br \/>\nSimply Follow <a href=\"https:\/\/www.facebook.com\/EmilyNewsOnline\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline;\">EN Facebook<\/strong><\/a>, <a href=\"https:\/\/telegram.me\/CryptoHyipsEN\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"color: #c03939; text-decoration: underline;\">EN Telegram<\/strong><\/a>, <a href=\"https:\/\/twitter.com\/EmilyHyipNews\" target=\"_blank\" rel=\"noopener noreferrer\"><strong style=\"text-decoration: underline; font-size: 1.3em;\">EN Twitter<\/strong><\/a><br \/>\nor Subscribe to <strong><a style=\"color: #c03939; text-decoration: underline;\" href=\"https:\/\/feedburner.google.com\/fb\/a\/mailverify?uri=Emilynews\" target=\"_blank\" rel=\"noopener noreferrer\">EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n<p>If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $120,000 and reenter price discovery. Key takeaways: Bitcoin must take out resistance at $120,000 to trigger a &hellip; <a title=\"What should happen for BTC price to hit new highs?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53676\"><span class=\"screen-reader-text\">What should happen for BTC price to hit new highs?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53678,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-53676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What should happen for BTC price to hit new highs? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53676\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What should happen for BTC price to hit new highs? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin needs to regain momentum with higher trading volumes for BTC to clear the next big hurdle at $120,000 and reenter price discovery. 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