The price of Bitcoin could reach $135,000 by the end of summer, experts believe. According to them, the current dynamics of the cryptocurrency are due to the “big beautiful law“, signed by Donald Trump and including tax breaks and support for business.
According to the Binance platform at 11:36 Bulgarian time, the price of Bitcoin increased by 7% and was $118,869, which is a historical maximum.
Against this background, the total capitalization of Bitcoin exceeded $2.17 trillion. USD, overtaking Alphabet (Google). According to Companiesmarketcap, as of July 11, Bitcoin's capitalization is $2.346 trillion. USD. Only Amazon ($2.359 trillion), Apple ($3.191 trillion), Microsoft ($3.727 trillion), Nvidia ($4.031 trillion) and gold ($22.478 trillion) are worth more than the cryptocurrency. At the same time, the capitalization of the second largest cryptocurrency - Ethereum - is also showing growth and has already reached $362.42 billion.
The steady growth of the S&P 500 index also creates a positive trend. “Bitcoin is only now starting to catch up with traditional markets, which may indicate the prospect of further growth“, he added.
According to Ian Pinchuk, deputy head of trading at the Whitebird exchange, the rhetoric about the need to reduce interest rates is intensifying. “The market is starting to discount the arrival of a new Fed chairman in 2026, who would likely be a supporter of aggressive policy easing“, he noted.
“Right now, all eyes are on a few key moments. First, is the US inflation data, which will be published on July 15. They are crucial for assessing the real chances of an upcoming Fed rate cut. Secondly, any new statements or hints from the Fed officials themselves about their plans will be important, especially in light of the internal disagreements noted in the latest minutes: the majority still allows for a rate cut this year, but some are already ready to consider it at the next meeting“, analysts explain.
Based on the current dynamics and technical picture, the next realistic target for Bitcoin is the level of 135,000 USD. “If the current momentum continues, it is quite possible that we will reach it by September 1. In the short term, a pause or a small correction around 118,500 USD is possible, but this should not reverse the trend“, experts are sure.
The expected benchmark for Bitcoin by the end of the year is $135,000.
“By the end of the year, we can expect that Bitcoin, after a small correction, can significantly surpass previous peaks, reaching the target zone of 168,000-184,000 USD by December“, analysts note.
According to estimates by the cryptocurrency exchange service Whitebird, reaching levels of 130,000-150,000 USD is possible by the end of the year. “The potential August 1 tariff deadline (when the US will start imposing higher import duties on foreign goods) could coincide with a revaluation of overheated assets in the stock market. Given Bitcoin's close correlation with the technology sector, in the event of a correction in stocks, the crypto market is likely to also temporarily contract,” experts conclude.