With a monthly close of $115,800, Bitcoin has set a new all-time high. This growth is part of a broader trend fueled by increasing adoption, clearer regulatory prospects, and strengthened confidence among professional and retail investors.
Bitcoin price confirms and closes July above its previous record high
Since its launch, many journalists, economists, and politicians have predicted that Bitcoin is nothing more than a bubble that is bound to burst and fall back to zero. However, the evolution of the BTC price shows none of the characteristic signs of a classic speculative bubble.
When a bubble bursts, the asset in question usually returns to its lowest levels and struggles to regain its former highs, stabilizing in a permanently lower price range.
Conversely, Bitcoin continues to reach new all-time highs after each correction phase. This trajectory is more similar to that of large technology stocks, whose market capitalization follows a continuous growth curve, driven by increasing adoption and innovation.
These fundamentals, as well as short- and medium-term speculation around BTC, have enabled it to rise sharply in value, from $16,000 in early 2023 to $123,000 on July 14, 2025.
This month, the price of Bitcoin seems to be confirming its trend and managed to close the month at $115,800.
Several fundamental factors may explain this surge in the price of Bitcoin. First, its growing adoption by listed companies plays a central role: more than 250 companies now collectively hold nearly 4% of the total supply of BTC, further limiting the liquidity available on the market.
Second, Donald Trump’s re-election and his pro-crypto policy are creating a favorable regulatory environment, notably with the creation of a strategic Bitcoin reserve for the federal government, but also with the enactment of the GENIUS Act, which regulates stablecoins and enables more sustainable development. These two aspects are improving the way investors perceive cryptocurrencies and Bitcoin in particular.
In addition, the rise of Bitcoin-backed financial products, such as spot ETFs, has strengthened institutional interest, offering new entry points for traditional capital.
Bitcoin at $130,000 by the end of summer, according to Vincent Ganne
Vincent Ganne, technical analyst at Cryptoast Academy, estimated in his latest publication that Bitcoin could reach $130,000 by the end of summer 2025.
In his July 31 analysis, he points out that BTC has been in a sideways consolidation phase since mid-July, a typical pattern in a continuing uptrend. According to him, this consolidation is part of a “bullish flag,” a technical pattern whose resolution gives a theoretical target of $130,000.
Vincent also bases his scenario on macroeconomic factors. He notes that the Federal Reserve (Fed) left the door open to a possible rate cut at its September 17 meeting. This monetary context, combined with record growth in global money supply (M2), reinforces the bullish environment for assets such as BTC, in his view.
