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Bitcoin Price Builds Support—$135K+ Breakout in Sight

Juhi Mirza
Juhi Mirza
August 7, 2025
bitcoin btc fire
Source: Wallpaperflare.com

Bitcoin is once again grabbing mainstream attention as it’s ready to explore a new ATH altogether. The token is currently sitting at $114K, with analysts predicting explosive growth for the token. Can Bitcoin price truly hit the bar after gracefully breaching $120K, ultimately exploring the $135K mark? One analyst boldly thinks so.

Also Read: AI Predicts Price Of Bitcoin, ETH If Trump’s Select A New Fed Chair

Analyst On Bitcoin: $135K Could Be A Next Crowning Target For BTC

Bitcoin in an apocalyptic setting
Source: Watcher.Guru

Bitcoin is currently sitting at $114K, moving steadily towards a new high. Per Javon Marks, a notable crypto expert, BTC may aim for them for the longer haul, as Bitcoin price is now aiming for a spectacular new high, building support at current levels to hit $135K soon.

“Bitcoin’s prices could be BUILDING SUPPORT here after recently breaking above a key resistance area, and next up could be a HUGE climb above the $135,000 level! Prices may only be getting ready to send here…”

Marks had earlier shared how Bitcoin is busy climbing a retest; a spark above could help Bitcoin price stabilize and hit the ambitious $135K:

“$BTC IS CLIMBING OFF OF THE RETEST ⚡️! this could spark a run to levels well beyond $135,000…”

$12B Bitwise Suggests New High for the Asset

According to $12B Bitwise Asset Management CIO Matt Hougan, Bitcoin’s next price target is $200K as major companies and institutions continue to dive straight into the token:

“12 Billion Bitwise says #Bitcoin should be at $200,000 today. ‘I think the number of companies buying Bitcoin is going to triple this year. I think Game Theory is on.” 🚀”

Also Read: Cryptocurrency Market Loses $343 Million As Bitcoin Falls to $113k

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