Bitwise Predicts 120% Bitcoin Gain By July End

Bitwise, a prominent digital asset management firm, has expressed optimism about the Bitcoin price trajectory for July. The firm's Chief Investment Officer, Matt Hougan, and Head of Research, Ryan Rasmussen, have reiterated their $200,000 price target for Bitcoin by the end of 2025. This forecast is based on several factors, including the potential for Bitcoin ETF flows in the second half of the year and the growing interest from nation-states in Bitcoin.

Bitwise's bullish stance is supported by historical data showing that Bitcoin has rebounded strongly after geopolitical shocks. Despite recent consolidations due to rising geopolitical risks in the Middle East, data indicates strong institutional demand through Bitcoin ETFs and corporate treasuries, which are reducing supply. This, coupled with anticipated trade-policy clarity and potential Fed easing, creates a positive environment for Bitcoin in July.

Technical analysis also supports Bitwise's optimistic outlook. Bitcoin is currently trading near $107,000, with a bullish flag pattern hinting at a potential breakout to $112,000–$120,000 if momentum and volume sustain in July. The MACD tool indicates increased bullishness, showing a golden cross, while the CMF is at 0.12, reflecting rising inflows. The RSI supports at 55.24, and both the AO and MACD histogram suggest growing bullish momentum.

Bitwise's analysis is not without its critics, however. Some analysts have predicted that Bitcoin could reach $6.50 or even $8 in July 2025, though these targets are likely based on different metrics or assets. Long-term predictions from other experts suggest Bitcoin could reach $500,000 or even $1 million by 2030 or 2040, driven by increasing institutional adoption and its role as digital gold.

In summary, Bitwise's bullish outlook for Bitcoin in July is based on a combination of historical data, institutional demand, and technical analysis. While the firm's $200,000 price target for 2025 is ambitious, it is supported by a range of factors that suggest Bitcoin could continue to appreciate in the coming months. However, as with any investment, it is important to conduct thorough research and consider all potential risks before making any decisions.