- Bitcoin breaks key resistance at $110K, eyes $160K amid bullish market momentum
- Inverse Head and Shoulders pattern sets $160K target, confirms bullish reversal
- Despite ATH at $118K, Coincodex sees possible pullback to $102K by year-end
Bitcoin has broken out of a key range, triggering renewed optimism among analysts and traders. The world’s largest cryptocurrency surged past $110,000, fueling a fresh wave of bullish sentiment. With institutional interest increasing and technical indicators pointing upward, experts now foresee a rally that could extend toward $160,000 and beyond.
Recent gains have propelled Bitcoin to a new all-time high (ATH) of $118,161, marking a 6.5% daily increase and an 8.37% rise over the past week. This sharp move upward has reinforced expectations for an extended rally into the second half of 2025.
Strong Technical Breakouts Support Further Upside
Michaël van de Poppe highlighted that Bitcoin’s breakout marks a shift in market structure. The price cleared resistance at $110,545 with strong volume, indicating growing confidence. Liquidity was taken near $105,797 before the market reversed sharply, confirming bullish intent.
According to van de Poppe, a short period of consolidation might occur before another leg higher begins. He projects Bitcoin reaching $125,000 in July, $150,000 in Q3, and possibly $250,000 in Q4 if institutional inflows and macro conditions align.
Massive move upwards on the markets, as #Bitcoin broke out of the range.
— Michaël van de Poppe (@CryptoMichNL) July 11, 2025
Probably going to stall for a little before we'll continue.
$125K in July, $150K in Q3 and possibly $250K in Q4. pic.twitter.com/BzD9WaMBp3
Besides the breakout, the technical backdrop supports the rally. Mags, another well-known analyst, pointed to an inverse Head and Shoulders (H&S) pattern.
Bitcoin recently broke above the neckline of this formation around $112,500. That move confirms a reversal and sets a new technical target near $160,000. The neckline now acts as a support zone, and a retest may occur before continuation. As long as the price holds above $105,000, the bullish structure remains intact.
#Bitcoin printed a NEW ATH of 118,000.
— Mags (@thescalpingpro) July 11, 2025
Price also broke out of the inverse H&S pattern. Pattern target is $160k+ 👀 pic.twitter.com/dLlwlZW15c
Market Sentiment and Risks Moving Forward
Bitcoin’s market cap now exceeds $2.35 trillion, supported by a 24-hour trading volume of over $83 billion. This strong liquidity provides a healthy environment for continued movement. However, risks remain.
Coincodex’s year-end price projection of $102,107 to $102,829 could imply a potential pullback from current levels. If that scenario plays out, it would represent a 13% decline from today’s price.
