Skip to content

Expert says Bitcoin to trade at $140,000 on this date

Expert says Bitcoin to trade at $140,000 on this date
Paul L.

Bitcoin (BTC) has skyrocketed past the $118,000 record high mark, and analysts are predicting the asset is likely to reach $140,000 soon. 

According to insights from TradingShot, this latest surge resembles previous upward trends recorded at the end of 2023. 

In those earlier instances, Bitcoin underwent a sharp correction of approximately 32% over 112 days before rebounding strongly by around 91.12%. Notably, this upward momentum has typically been supported by the one-week 50-period moving average (MA), as pointed out in a TradingView post on July 11.

Bitcoin price analysis chart. Source: TradingView

The current rally, which began on April 7, 2025, appears to be following a similar path. If things unfold as they did before, the analyst noted that the market could see Bitcoin climb to just above $140,000. 

TradingShot also identified that a breakthrough from a bull flag pattern, formed between mid-May and June, has sparked this new surge. To this end, the outlook suggested that the maiden cryptocurrency might hit $140,000 as early as August 2025.

Bitcoin’s short-term target 

Another analyst, Ted Pillows, shared a similar optimistic view. In an X post on July 10, he mentioned that Bitcoin could very well reach $120,000 in the short term. 

He connected this growth to patterns known as Wyckoff Accumulation, noting that the increase in the global M2 money supply is a key factor driving this rally.

Pillows explained how Bitcoin’s movements align with the stages of Wyckoff’s model: it goes through an accumulation phase, then a spring, followed by a successful test, and finally a sign of strength that leads to the breakout.

Bitcoin price analysis 

At press time, Bitcoin was trading at around $116,927, representing a nearly 5% rise in 24 hours and an 8% increase over the past week.

Bitcoin seven-day price chart. Source: Finbold

The asset remains above its average prices over both the last 50 days ($106,816) and the last 200 days ($88,348), showing a long-term bullish trend. Additionally, Bitcoin’s Relative Strength Index (RSI) is at 70.77, indicating strong demand but also suggesting it’s approaching overbought territory.

Featured image via Shutterstock

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users worldwide
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Latest posts

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Trade, Swap & Stake Crypto on Uphold

Buy, sell, and swap crypto. Stake crypto, earn rewards and securely manage 300+ assets—all in one trusted platform. Terms apply. Capital at risk.

Get Started

IMPORTANT NOTICE

Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.